Catizen Listing on Bybit. What Do Players Need to Know?
Catizen is launching the token on September 20. Exchanges such as Bybit will list it on the same day. What do average users need to know?
CATI coin listing
Popular Telegram games are actively preparing to enter the market. Following the announcement of the listing of Hamster Kombat, another well-known game, Catizen, has announced its launch. Catizen was originally scheduled to be listed in July, but the game's team pushed it forward two months due to technical issues.
The CATI token generation event will take place on September 20, and it looks like this is the final decision, as it was followed by the Bybit exchange announcing the listing of CATI on the same day. Meanwhile, CATI's pre-market has expanded to the OKX exchange. The pre-market is also available on Bitget and Bybit.
The token is currently trading at $0.50 on the Bybit pre-market. The upcoming listing on Bybit will allow traders to directly trade the CATI/USDT pair.
Tokenomics
CATI's total offering is 1 billion coins. 43% is allocated for airdrop and ecosystem development, 15% for treasury, 20% for the team, 8% for seed investments, 2% for strategic investors, 5% for liquidity, and 7% for advisors.
In addition, the team has lined up a schedule for unlocking tokens to avoid major sell-offs. For example, seed investors, advisors, and the team will receive their tokens 12 months after launch each, followed by a four-year vesting period.
What the user needs to know
The CATI airdrop will take place around the same period as the Hamster Kombat airdrop. There are certain risks associated with this event, such as network overload. In addition, Catizen has released the requirements for the airdrop.
Criteria for airdrop
To qualify for airdrop, users of the game must complete a number of in-game activities. These include playing Catizen on Telegram, leveling up their virtual cats, and accumulating the in-game currency vKITTY. Catizen requires players to complete tasks and social quests to maximize tokens when airdrop.
A TON wallet must also be connected to be able to receive tokens.
Possible Risks
As mentioned above, Catizen has postponed the initial launch of the token, which was scheduled for July 2024. The team took this step to ensure listing on major exchanges and sufficient liquidity. In addition, the team wanted to avoid launching in the same period as its competitors, DOGS and Hamster Kombat. However, CATI does release around the same time as HMSTR. This could reduce demand for CATI or create market pressure, which in turn has the potential to affect price volatility and investor interest.
Besides, the last major token launch in the TON network caused its overload, as a result of which the network stopped working twice, which we wrote about in a previous article. It is possible that the launch of CATI may cause another load on the network. Although TON developers are actively preparing the network for upcoming launches, this risk should not be ruled out.
CATI may face a lot of volatility at the time of launch as a large portion of users will be looking to get rid of it for profit. Rivalry with HMSTR may also cause volatility.
Looking at the token launch from a long-term perspective, a substantial portion of the tokens are allocated to the team and advisors, and although a long vesting period is envisioned, there is a risk that these tokens could impact the market in the future as they are gradually unlocked. In doing so, this creates fears of large sell-offs in the future, which could negatively impact the value of the token.
Thus, users should be prepared for both delays in receiving tokens due to network failures and sudden volatility in price. Therefore, it is worth following updates from the developers of the game and the TON blockchain.
