Popular Telegram game Catizen is preparing for its highly anticipated token airdrop and launch.
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Popular Telegram game Catizen is preparing for its highly anticipated token airdrop and launch. Developed by Pluto Studio, the Catizen game will be launched on The Open Network blockchain with the CATI token.
In a recent announcement, Pluto Studio outlined the road map of events leading up to the token generation event (TGE) on September 20.
The development team will snapshot players' in-game progress at midnight on September 14th, to be followed by the publication of individual token allocations the following morning.
Catizen will introduce a staking mechanism that incentivizes holding and reduces immediate selling pressure. Players will be allowed to stake their CATI tokens for extra rewards once the allocations are revealed, while the staking period will continue up until September 24th.
Catizen is partnering with several centralized exchanges to let users claim the tokens and stake. Among the list of exchanges partnering with Catizen are household names such as OKX, HashKey, and KuCoin.
Some of these exchanges already have pre-market trading for CATI, which gives an indication of the valuation of the token. Bybit traders are valuing CATI at $0.724, while OKX estimates a little lower at $0.6974.
Catizen has also secured a spot in Binance's Launchpool campaign. The Binance community will be able to stake Binance Coin, or FDUSD stablecoin, to gain a share of 90 million CATI tokens on September 16-19.