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08/19/2024

Telegram Game ‘Catizen’ partners with HashKey for an airdrop

08/19/2024
4,2

The interactive Telegram app centered around whimsical cats, Catizen, has unveiled a partnership with crypto conglomerate HashKey Group, promising an exciting airdrop event for its participants.

Occupying its own niche alongside other Telegram-based games like Hamster Kombat and Notcoin, Catizen is powered by The Open Network (TON). Boasting a community of 26 million players, Pluto Studio, the brains behind Catizen, heralds its widespread popularity.

HashKey Group, a powerhouse in digital finance stationed in Hong Kong, shared news of the partnership. This alliance, leveraging the capabilities of the TON ecosystem, aims to usher in unparalleled Web3 gaming adventures for players across the globe and enthusiasts of digital currencies.

This joint venture promises to weave gaming with digital finance innovations, a collective HSK airdrop event, along with endeavors focused on animal welfare and societal contributions.

Details regarding the timing or conditions of the forthcoming airdrop remain undisclosed.

Amidst anticipation, Pluto Studio announced a postponement in the release of its proprietary CATI token initially scheduled for late July.

Expressing the rationale via social media, the studio cited various hurdles such as achieving adequate liquidity, facilitating trading platforms, and setting the introductory price, alongside compliance concerns and market dynamics.

Currently, Catizen enthusiasts seeking to convert their in-game tokens into cryptocurrency, through enhancing their virtual cat assortments, find themselves at a standstill. This issue isn't isolated to Catizen, with other major names in the tap-to-earn sector also navigating similar obstacles with their airdrop engagements.

The union with Catizen reinforces HashKey’s continuing endorsement of the TON framework.

Earlier in April, HashKey proactively collaborated with the TON Foundation to enhance access to fiat conversion services within the Asia-Pacific region and to kickstart initiatives supporting nascent projects within the TON ecosystem.

Additionally, Pluto Studio has previously garnered significant backing from industry giants, including a strategic investment from Binance Labs disclosed in July.

Following this partnership announcement, TON recorded a 3.2% increase in its value to $6.80, as reported by CoinGecko, showcasing a contrast to the general crypto market’s 3.3% downturn over the same timeframe.


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