Catizen, the Telegram-based swipe-to-earn game, is revealing the launch of CATI tokens and pre-airdrop rewards for players on The Open Network (TON).
Developer Pluto Studio announced that a snapshot of players’ game progress will be taken at midnight on Friday, and token distribution will be announced on Saturday morning.
Players can claim tokens through centralized exchanges on Sunday in preparation for the CATI token generation event on September 20.
The early announcement of distributions is intended to ease players’ expectations or increase excitement. Previously, Blast users saw the token price fall due to a smaller-than-expected airdrop package. To reduce the risk of a sell-off, Catizen will allow players to stake CATI for additional rewards, and the staking period will last until September 24, with a maximum of 1,000 CATI per account.
Players can claim and stake tokens through partner centralized exchanges such as OKX, HashKey, Kucoin, and some platforms have already provided pre-listing trading. Traders at Bybit and OKX valued CATI at $0.724 and $0.6974, respectively.
Catizen's tokens were first launched through Binance Launchpool, and Binance customers can obtain CATI by holding BNB or FDUSD from September 16 to 19. The Binance page shows that the initial circulation of CATI is 305 million, accounting for 30% of the total supply. In addition, Pluto Studio plans to distribute 43% of the CATI supply through airdrops.
This is also a busy time for the TON platform, with multiple Telegram games planning to launch tokens in September, including Hamster Kombat (HMSTR) on September 26. Due to airdrops and trading demand, TON may face the risk of technical failures.