Catizen’s First $CATI Token Airdrop: A Milestone in the Gaming World
On September 14th, Catizen, a renowned play-to-earn game developed by Pluto Studio, executed its inaugural $CATI token airdrop. This was a significant event as over 15.2 million players were eligible for tokens, representing less than half of the total 35.8 million players who have engaged with the game to date. This airdrop serves as a reward for players ranging from Silver League to Royal League and marks the conclusion of Catizen’s first season.
Airdrop Process and Controversies
The $CATI airdrop was initiative designed to reward engaged players. To be eligible, participants had to fulfill various in-game tasks, missions, and daily activities. However, while many were thrilled about this airdrop, there were also discontented voices regarding their token allocations.
Initially, Pluto Studio stated that the main criterion for determining token rewards would be the profit speed of vKitty. Yet, on the day of the airdrop, the team announced a change in criteria.
Addressing Bot Usage Concerns
This change was implemented after the discovery that some players had employed bots to artificially inflate their vKitty earnings. As a result, the criteria were adjusted to prioritize metrics such as on-chain activities, task completions, and player spending. This alteration left certain players feeling it was unjust, particularly those who dedicated time rather than financial resources to the game.
Token Supply and Community Frustrations
Compounding the unease was the launch situation where only 34% of the total token supply was released, instead of the promised 43%. This sparked confusion and complaints, with many accusing Catizen of misleading practices. The team clarified that 9% of tokens were assigned to the Binance Launchpool, leaving only 15% allocated for the Season 1 airdrop.
The Historic Nature of $CATI
Despite the challenges, Tim Wong, Chairman of the Catizen Foundation, described this moment as historic for the game. In his message to the community, Wong highlighted that $CATI goes beyond a mere currency; it symbolizes governance and community trust. He referred to it as the “core spirit of Web3” and expressed that this is just the initial step for the Catizen project.
Understanding $CATI Tokenomics
The total supply of the $CATI token is capped at 1 billion, with no possibility for future increases. Pluto Studio has dedicated 43% of these tokens towards community and ecosystem benefits, which includes 34% for airdrops and 9% for the Binance Launchpool. The recent airdrop distributed 15% of the total supply as a reward for Season 1, with further airdrops expected on a quarterly basis.
Wong noted that the remaining 19% of airdrops will be distributed over a span of 12 quarters, ensuring ongoing benefits for both existing and future players. Additionally, Catizen’s team and investors will not receive any token allocations in the first year. Furthermore, 50% of the revenue generated by Catizen will be utilized to repurchase and burn $CATI tokens.
Utilizing $CATI: Player Benefits
The $CATI token offers more than just governance rights; it provides several advantages within the Catizen ecosystem:
- Purchase in-game items at a 30% discount using $CATI.
- Staking $CATI in the Launchpool yields rewards from various projects.
- Benefit from trading fee discounts, particularly through the Vanilla Trading Bot.
- Receive ongoing Meowdrop rewards, enhancing the token’s worth.
Introducing Catizen: A Cat-Loving Blockchain Game
For those unfamiliar, Catizen is a unique blockchain game that merges the love for felines with a play-to-earn model. Players care for digital cats in a virtual cat café, merging them to produce higher-tier cats, which in turn generate the in-game currency, vKitty. This “merge and grow” feature is a key aspect of gameplay, empowering users to level up and reap greater rewards.
Built on The Open Network (TON) and integrated with Telegram, Catizen brings blockchain gaming to a larger audience. With $CATI, players not only earn but also participate in shaping the game’s trajectory.
Future Prospects for Catizen
The recent airdrop marks just the beginning of thrilling developments ahead for Catizen. As the community continues to expand, future airdrop announcements are anticipated. The carefully crafted tokenomics aim for sustainable growth, allowing both early supporters and newcomers to reap the rewards of the game’s success. Catizen is also exploring the addition of mini-games, enriched content, and potential expansions into e-commerce and short-form media.
