Crypto Exchange Bitget to List Catizen (CATI) on September 20

Coinspeaker
Crypto Exchange Bitget to List Catizen (CATI) on September 20

Cryptocurrency exchange Bitget has announced the upcoming listing of Catizen (CATI), a fast-growing Tap-to-Earn (T2E) game built on Telegram. The CATI token will be available for trading on the company’s spot market starting September 20.

The mini app on Telegram is a blockchain-powered virtual cat city where players earn CATI tokens by completing various in-game tasks and activities. The game, which has attracted over 2 million players on-chain, became a popular addition to the platform’s gaming ecosystem which started with Notcoin (NOT).

Now, with the upcoming Bitget listing, CATI is poised to enter the crypto market, competing with other tokens like NOT and DOGS in the T2E space.

The token will officially debut on The Open Network (TON) blockchain on September 20. It was previously scheduled for release in July. Once launched, CATI will immediately be listed for trading on Bitget and other digital asset trading platforms on the same day.

While Catizen is gearing up for its official launch on the TON blockchain, its token is already available for pre-market trading on several centralized exchanges. However, discrepancies in CATI’s price have been noted across platforms. For example, on Bybit, CATI is trading at $0.50, showing a 21.95% gain over the last 24 hours, whereas it is priced at $0.43 on Bitget.

Analysts attributed these price differences to factors such as airdrop allocations. The team behind the game’s development said there will be a maximum supply of 1 billion CATI, with about 43% allocated for ecosystem airdrops alone. According to analysts, this massive allocation could cause short-term price fluctuations as users rush to dump their tokens in the market, thereby affecting CATI’s market performance.

Despite nearly half of the token supply being reserved for rewarding players through airdrops, only 5% of the total supply has been allocated for liquidity and just 2% for investment purposes.

Though it is uncertain whether Citizen’s CATI will achieve the same success as other T2E games like NOT, which racked up $294 million in trading volume within the first hour of launch, the project enjoys strong backing from prominent industry players, including Binance Labs.

On July 23, the venture capital and incubation arm of the world’s largest crypto exchange, Binance, announced a strategic investment in Pluto Studio, Catizen’s publishing platform. The funds are expected to accelerate the growth of the Telegram-based game.  According to Binance Labs, Pluto Studio will focus on expanding the Catizen mini-app and enhancing game engine construction to attract more developers to the ecosystem.next

Crypto Exchange Bitget to List Catizen (CATI) on September 20