06/23/2024
BTC63,692.0
ETH3,529.68
USDT0.999375
BNB581.19
SOL133.74
USDC1.0
XRP0.489829
DOGE0.124866
BUSD0.946316
Reviews
What Is Catizen and Is It a Scam? Reviews, Opinions, and DYOR
05/28/2024

What Is Catizen and Is It a Scam? Reviews, Opinions, and DYOR

05/28/2024
4,5

Catizen is a new cat-themed game on Telegram that blends GameFi, Metaverse, and Artificial Intelligence (AI) to provide an engaging and immersive experience for players. Read our review to find out whether the project is legit or not.

What is Catizen?

Catizen is a new cat-themed game on Telegram that blends GameFi, Metaverse, and Artificial Intelligence (AI) to provide an engaging and immersive experience for players.

Catizen operates on a PLAY-TO-AIRDROP model. It means that all players' in-game activities such as crossing their cats, farming fish, and collecting coins will make them eligible for an airdrop in the future. 35% of the total supply, which is 1 billion CATI tokens, has been allocated for the airdrop. Since the Beta version was completed on March 19, Catizen has gained over 10 million users, with daily active users exceeding 1.6 million and on-chain transactions reaching 8.9 million.

Source & Copyright: Catizen.ai

The main task of the game is to merge cats of the same level to create a higher-level cat. The higher the cat's level, the more coins it will generate. The more players interact with cats in the game's metaverse, the more coins they earn. Cats of the same level have the same features and colors, and their speed can be increased by purchasing additional coins.

Catizen Reviews and Opinions: X and Reddit

While no reviews about Catizen have been found on Reddit, there is a variety of feedback on X. The comments on X are predominantly positive, though opinions do differ.

However, some users have raised concerns and questions about the airdrop.

Another user expressed dissatisfaction with the fishing mechanics and security problems.

There are also concerns about fairness and community distribution. 

Community, Website, and Social Media Accounts

Catizen has a substantial social media presence, with its official X account amassing nearly 1 million followers. Despite this impressive follower count, community activity on the platform remains low, with most of the comments consisting of spam. 

The Catizen Telegram channel, on the other hand, has over 2 million subscribers. This channel is primarily used for official announcements, serving as the main hub for disseminating important updates and information to the community.

Catizen's official website is straightforward, providing essential information about the game and a detailed roadmap. It includes a whitepaper that details the game's mechanics and tokenomics.

Catizen Founders and Investors

Catizen has garnered investment from TON Foundation, Web3 Ventures, Mask Network, Y2Z, SecondLive, and EMURGO Ventures.

The team behind Catizen is presented on their website. The CEO, known as David, holds multiple prominent positions: Co-founder and CEO of Pluto Studio & Catizen, Web3 Director of Credito Capital, and COO of Yao Teng Investment Fund.

The Chief Marketing Officer (CMO), Pierce, also co-founder of Pluto Studio & Catizen, brings extensive experience as a Portfolio Manager, Investment Advisor, and Web3 Innovator.

Stanislav, the Chief Product Officer (CPO), has over nine years of experience as a music composer and sound designer. His portfolio includes work on projects such as Yandere Simulator, Wenjia, Stickman, Dismount, and Project Olympus War, among others.

Source & Copyright: Catizen.ai

Catizen's Tokenomics: Supply, Allocation, Use Case

Catizen's tokenomics structure revolves around two primary types of tokens: CATI and FISH tokens. 

CATI Tokens

CATI tokens serve as the main currency within the game, mined by players during gameplay. These tokens are essential for advancing in the game, merging cats to higher levels, and maximizing in-game earnings.

FISH Tokens

FISH tokens are utilized for purchasing boosts and participating in fishing activities. Players can earn additional FISH tokens by performing basic tasks such as becoming a Catizen bot user, joining news channels, daily check-ins, and following the project on Twitter.

To participate actively in the game, players must stake a minimum of 1,000 FISH tokens. These tokens can be acquired by completing beginner tasks or inviting friends to join the game. Additionally, participation requires cats to be at least level 110, with higher-level cats earning greater rewards.

Source & Copyright: Catizen Whitepaper

Final verdict 

Much like Notcoin, Catizen aims to complement and enhance the TON and Telegram ecosystem. The project enjoys support from the TON Foundation and various other investors. 

Similar to other tap-to-earn games, Catizen is designed primarily for entertainment and does not require financial investment. Therefore, considering this and other factors, we view participation in this game as acceptable when approached purely as a leisure activity without significant financial involvement. We rate this project as having a low-risk level. However, as always we strongly recommend our readers to be cautious and DYOR. 

How useful is this article for you?
Thank you for your review!

Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.


Explore more

Amp (AMP)
$0.00498963
0.03%
Buy
Dai (DAI)
$0.99898
0.09%
Buy
Dash (DASH)
$23.66
1.25%
Buy
ECOMI (OMI)
$0.00051509
-0.28%
Buy
JUST (JST)
$0.02741884
0.85%
Buy
Mask Network (MASK)
$2.51
0.66%
Buy
TRON (TRX)
$0.116832
0.3%
Buy

News



HowTo

Combo cards in Hamster Kombat: What are they, and how to get the reward?
What Is DePIN in Crypto?