Binance Crypto Exchange announced about the listing of the CATI token of the popular game Catizen, which exists as a mini-application in Telegram. Trading on the spot market will begin on September 20, at 13:00 Moscow time. Catizen became the 59th project of the Launchpool program on the exchange, writes RBC Crypto.
Before the largest crypto exchange, OKX, Bybit, Kucoin and several other platforms announced the launch of token trading. They also launched preliminary trading of the CATI token on the so-called premarket. But their prices on this market do not reflect the price at which the token will begin to be fully traded on the spot market on September 20. Thus, on the premarket platform of the Bybit exchange, the price of the CATI token is $0.654, according to data as of September 13.
Unlike popular “tap apps” like Notcoin or Hamster Kombat, where users simply tap the screen to receive in-game currency, Catizen offers full-fledged game mechanics.
Players are offered to breed kittens and raise their level to earn in-game currency. In the game, you can connect a TON wallet to pay for upgrades and bonuses with Toncoin cryptocurrency.
According to the creators of Catizen, the game ranks first in revenue among all existing mini-apps in Telegram. In the six months since its launch, it has gained more than 34 million users. Of these, 2 million participants have connected TON wallets, and 800 thousand make in-game transactions in Toncoin.
In July the game mentioned Pavel Durov, noting its growth and financial performance. He specifically emphasized that its mechanics use smart contracts on the TON blockchain and that the game’s creators have created a set of tools for third-party developers who want to launch their own games on Telegram.
According to Binance, the total emission of CATI will be 1 billion tokens – 100 times less than Hamster Kombat. The exchange will allocate 9% of these tokens as a reward to participants in the Launchpool program. It involves blocking BNB tokens or FDUSD stablecoins, in proportion to which, over several days before the start of trading, participants will be able to “farm” additional CATI tokens. The program starts on September 16.
In August, the excitement surrounding the launch of the DOGS token caused a failure in the TON network that lasted several hours, and less than a day after its restoration, the situation repeated itself. The DOGS project team was forced to temporarily disable the ability to withdraw tokens from the application.
TON developers expect the Catizen and Hamster Kombat token launches to be “even larger.” The TON network will face significant technical overhead and likely unexpected problems, they warn.
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Source: Cryptocurrency
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