Catizen airdrop: the mini-app of Telegram completes the listing of CATI on the crypto markets

Yesterday, Catizen, a well-known mini-game in the Telegram ecosystem, successfully completed the distribution of its crypto airdrop.

The project has launched its governance token CATI on the major centralized exchanges, attracting a lot of participation from traders.

At the debut, the project is valued at approximately 950 million dollars: these numbers could support another wave of hype in the world of free airdrops.

Let’s see all the details below.

The game of Telegram Catizen and the airdrop to the crypto community

The virtual kitten game Catizen has officially become part of the crypto world after successfully completing the airdrop of the CATI token to the community

The project based on Telegram and managed by the gaming company Pluto Studio had promised a reward to its users since its launch in March 2024.

In July, he managed to obtain a prestigious funding from Binance Labs, the Ventures branch of the namesake crypto exchange.

The money has been used by the developers to facilitate the entry of new users, enhancing the scalability and attractiveness of the product.

The idea was to create a more efficient game engine capable of sustaining the strong demand for this type of games on Telegram.

Today, after almost 7 months since its launch and in conjunction with the highly anticipated release of the crypto airdrop, Catizen records record numbers.

A total of 3.1 million on-chain players participated in the collection of coins and digital kittens, simultaneously bringing the project’s followers on X to 2.9 million.

Daily, over 4 million people have interacted with the Telegram bot, demonstrating a solid underlying activity base.

From the beginning, approximately 39.5 million on-chain transactions have been made on the TON network to complete game tasks such as daily check-ins and game boosts. Now Catizen is ready to open a new chapter in its existence in the crypto gaming landscape.

Listing of CATI on major crypto exchanges: debut with 950 million FDV

The airdrop di Catizen officially concluded yesterday with the listing of the crypto CATI on all the major exchange in the sector.

Binance, Bybit, Okx, Bitget, Gate.io, Mexc, and Kucoin are just some of the crypto markets that have opened trading.

In the first two hours of trading the market volume exceeded 300 million dollars, highlighting the great speculative attention of the public.

The token debuted on the market with an initial price of about 0.95 dollars, reaching in almost all cases a top above 1 dollar at the time of listing.

In some exchanges, such as Kucoin, it even reached 1.45 dollars for a few milliseconds.

The project thus debuted with a fully diluted valuation of the token equal to 950 million dollars. The market capitalization of the circulating, on the other hand, starts with 285 million dollars.

These are absolutely high figures for a Telegram bot whose use is limited in the sphere of gaming of virtual kittens.

The utenti eleggibili per l’aidrop, who have previously farmed Catizen by enhancing their account, performed the claim a few days before the listing.

The game gave them the opportunity to choose whether to execute the claim on-chain or directly on the selected exchanges.

In this way, users had the opportunity to instantly sell the airdrop on the market, without having to wait for the redemption times.

Despite this advantage, for the first hours of trading CATI maintained a great price stability. The listing prices were significantly higher than the pre-market estimates, where there was even talk of quotations below 0.5 dollars.

Great job Catizen, and great result for the farmers who take home an easy easy profit.

The trend of free airdrops to farm on Telegram

The initial success of the crypto airdrop of Catizen could push other projects to dedicate part of their funds for a free allocation of tokens to the community.

This trend had already started a few months after the launch of Notcoin on the Telegram network, with the coin’s team having voluntarily decided to distribute their resource for free to millions of people.

From there on, other entities have planned to allocate a good portion of their crypto supply in favor of their game stakeholders.

Dogs, Hamster Kombat, DejenDog and Catizen are just some of the projects that have chosen to move in this direction, differentiating themselves from some recent failed airdrops.

Over time, the crypto community has shifted towards airdrop programs that favor the collective rather than teams or individual investors.

The logic of the so-called “High FDV & Low Float” did not bring positive results in 2024, ultimately driving the price of tokens issued via airdrop down in a bear market.

In their place, investors preferred memecoins that presented 100% of the supply unlocked at listing, and the airdrops entirely destined for users.

After these premises and after the excellent initial milestone of Catizen, we can state that probably from now until the end of the year we will see other free airdrops being presented.

Clearly, we cannot expect stellar gains from these activities, but it still represents an opportunity to increase our liquidity with minimal effort.

A few days ago in this regard, a protocol similar to Notcoin was launched on Telegram, whose next token will belong to the Solana blockchain.

Let’s talk about Human Protocol: a project based on the referral mechanism, which rewards users for inviting and verifying real users within the network.