- $1.14 Billion in Trading Volume Within 24 Hours
The Catizen token (CATI) has officially been listed on every major cryptocurrency exchange as of September 20, marking a significant milestone for the popular Web3 gaming project. Within the first 24 hours of trading, CATI saw an impressive $1.14 billion in trading volume. Currently, 305 million CATI tokens are in circulation, with more distribution planned through future airdrops.
What is Catizen (CATI)?
Catizen (CATI) is a Web3 idle clicker game that has gained widespread attention within the gaming and crypto communities. The game, available on mobile platforms, allows players to upgrade their virtual cats to earn in-game currency called KITTY. Players can climb leaderboards and qualify for CATI airdrops based on their performance, with additional rewards from daily check-ins, purchases, and other on-chain activities.
The game also features a premium currency called “Fishcoin,” which players can use to buy boosters or gain advantages in the game’s “Fishing” minigame. This unique blend of in-game economy and real-world value has propelled Catizen to more than 8 million daily active users, generating over $31 million in revenue. With over 39 million on-chain interactions and 1.1 million paying users, Catizen has positioned itself as a standout in the Web3 gaming space.
CATI Token Launch and Airdrop Details
The total supply of CATI is capped at 1 billion tokens, with 340 million (34%) allocated for airdrops. Season 1 of the airdrop distributed 150 million CATI to players, with the remaining tokens to be distributed over 12 quarters. Notably, users staked approximately 14.8 million CATI on centralized exchanges during the airdrop, representing around 10% of the total distribution.
The following exchanges now list CATI:
- Binance: CATI/USDT, CATI/FDUSD
- Bitget: CATI/USDT
- Bybit: CATI/USDT
- Crypto.com: CATI/USD
- Gate.io: CATI/USDT
- KuCoin: CATI/USDT
- LBank: CATI/USDT
- MEXC: CATI/USDT
- STON.fi (Non-KYC): CATI/USDT
CATI Price Predictions and Market Outlook
Crypto analysts have been quick to weigh in on CATI’s potential price movements. As of September 26, CATI is trading at $0.73, slightly below the average price prediction of $0.75 by the end of 2024. Forecasts suggest that by 2025, CATI could reach an average price of $1.14. Long-term projections estimate that the token could hit $10 by 2030, with a lower-end prediction of $5. However, these predictions come with some uncertainty, as CATI’s trading history is still relatively new.
Challenges and Controversy in the CATI Airdrop
Despite the successful launch, Catizen’s airdrop has not been without controversy. Originally, 43% of the total CATI supply was promised for the airdrop. However, the Catizen team altered the distribution percentages at the last minute, allocating 9% to Binance’s Launchpool and reducing the overall airdrop to 34%. This change led to some backlash from the player community, who felt blindsided by the sudden shift in allocation.
Telegram Airdrops and the Future of Tap-to-Earn Models
CATI’s listing and airdrop come amid growing interest in Telegram-based Web3 games. Hamster Kombat (HMSTR), another Web3 gaming sensation, is preparing for its own airdrop, which is set to begin on September 26. With 60 billion HMSTR tokens slated for distribution, expectations are high, though the CATI airdrop’s challenges have raised concerns about the viability of such large-scale token giveaways.
As the tap-to-earn model continues to gain popularity, the success or failure of these airdrops will likely shape the future of Web3 gaming. Should further complications arise, the sustainability of these models may be called into question, leaving players and developers alike searching for solutions to maintain long-term engagement.
In the meantime, CATI’s strong start on major exchanges and robust trading volume indicate that, for now, Catizen has captured the attention of both the gaming and cryptocurrency communities. Whether this momentum continues will depend on the project’s ability to address community concerns and deliver on its ambitious roadmap.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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