Catizen is the latest in a long line of Telegram crypto games taking the world by storm as it dangles a future airdrop in front of players.
While not quite as massive as Hamster Kombat Catizen has still captured the attention of over 35 million players with the promise of a token airdrop. Now we are within touching distance of that moment, as September 20 marks the day that players will get their purr-fect slice of the pie… or at least that’s what they’d hoped.
Players have been up in arms lately as airdrop allocations were disclosed last weekend, and many users have expressed this displeasure with how many tokens they’ll be receiving. It’s not just about the size of the allocation, either, but also late criteria changes that weren’t disclosed until after community pushback.
We’ve been following the ups and downs of Catizen over the past few months at Decrypt’s GG, and we know all the details you need to know surrounding what the token is, how many tokens players will be receiving, and why players are so upset.
What is the Catizen token?
The swipe-to-earn feline Telegram game announced that it will be launching a token with the ticker CATI on The Open Network (TON), the Telegram-aligned blockchain network.
This is the same network used by other popular Telegram games such as Notcoin, Hamster Kombat, and Rocky Rabbit. Most notably, Notcoin took the top spot as the largest crypto gaming token launch of the year as NOT peaked just shy of a $3 billion market cap.
🪙 CATI as the Catizen’s governance/utility Token, has a total supply of 1 billion, which will never be increased. The releasing schedule and economic models:
✅ Airdrop and Ecosystem 43%
– Airdrop 34%
15% TGE 100%, for Season 1 Player Reward.
19% TGE 0%, For the remaining… pic.twitter.com/QvFuIfheXN
— Catizen (@CatizenAI) September 14, 2024
CATI will have a total supply of 1 billion tokens, and this figure will “never” be increased, according to the Catizen white paper. A total of 43% of the total supply will be allocated to token airdrops and community incentives, but 9% of the total supply is going towards a Binance staking rewards campaign.
Ultimately, 15% of the tokens will be handed out during the initial airdrop, with another 19% reserved for quarterly reward campaigns. Other chunks of the token supply will be used for liquidity as well as and token unlocks for the team, investors, and advisors.
When is CATI launching?
Catizen’s CATI token is set to officially launch on September 20 and will be listed on numerous crypto exchanges, including Binance, Bybit, and Bitget.
Pluto Studio, the developer of Catizen, began the airdrop process on September 14 as it revealed token allocations to players. Users were then able to transfer these allocations to selected centralized exchanges ahead of the September 20 token generation event (TGE), which is when they’ll actually be able to trade the token.
Players may also opt to stake CATI to earn extra rewards, rather than withdraw them. Staking was available as soon as the token allocation was revealed and will run through until September 24, with a maximum of 1,000 CATI available to be earned by each user.
How many tokens do players get?
On September 14, the amount of tokens players that will receive in the airdrop was revealed within the game. This figure is currently viewable within the Catizen mini app on Telegram.
After opening Catizen, click on “airdrop” and you will see the game turn the metrics of your in-game progress into a round number representing on-chain tokens. Once finished, you can tap “Get my airdrop now” and your share of CATI tokens will be revealed.
The criteria that dictates your total allocation includes the profit speed per second of vKitty (in-game currency), fish coin activity, amount of tasks that you’ve completed, and more. It also includes an “anti-sybil” stage which apparently removes anyone who cheated during play.
But many players aren’t very happy about their allocations.
Why are players upset?
In short, some players are angry that their share of tokens is smaller than expected. And they’re citing multiple reasons for their frustration, including unclear communication and late changes to allocation criteria that weren’t disclosed ahead of time.
One issue is the aforementioned breakdown of the 43% of the token supply. Pluto Studio hadn’t previously said that it would split the rewards across multiple drops, or that the tally would include tokens given to Binance customers for staking other tokens.
Some players are also upset that Pluto had changed the way that airdrop criteria is weighed. The studio later explained this pivot was made after discovering that some players had been artificially boosting their earnings to boost their bags. Rather than just punishing the cheaters, Catizen’s team shifted the criteria to benefit players who spent money in the game.
With this, the community were up in arms as the hashtag “#catizenscam” began trending across Twitter as players complained of single-digit CATI allocations, despite claiming to have been grinding at the game for months.
Pluto did not reply to Decrypt’s requests for comment.
Edited by Andrew Hayward
