TLDR
- Having originally planned a July launch, Catizen, a crypto game thriving on Telegram, has postponed its token release and accompanying airdrop.
- Boasting 26 million users, the game has generated $16 million through in-game spending.
- While Catizen is dedicated to supporting animal charities with a share of its earnings, it recently faced criticism over a contribution to PETA.
- Catizen is developed on The Open Network (TON) blockchain and has gathered investments from Binance Labs.
- The game's achievements underscore the increasing trend of blockchain games on messaging apps.
Catizen, a feline-themed crypto venture on Telegram, encountered a hiccup in launching its CATI token scheduled for this July due to its accelerating growth, having amassed 26 million players and raised $16 million through its gaming economy since launching in spring 2024.
Pluto Studio, the force behind Catizen, addressed the delay, clarifying,
“We are working tirelessly to secure the best possible outcomes for the community regarding airdrops, while also focusing on the long-term sustainability and growth of the CATI token.”
According to the studio, the delay is attributed to hurdles like finding exchange partnerships, ensuring sufficient liquidity, and navigating complex compliance protocols.
This deferral is reminiscent of issues faced by other Telegram-based crypto games such as Hamster Kombat, which also experienced setbacks in its token launch. We've received countless inquiries about the trajectory of our airdrop and concerns over recent shifts. We're confident that these adaptations will ultimately be favorable for Catizen and its followers.
Dear Catizen Community,
Even with the deferred launch, Catizen's user base continues to burgeon. Its engaging combination of cat-themed puzzles, blockchain features, and philanthropic initiatives have resonated with many players. Engineered on The Open Network (TON) blockchain, Catizen offers a more intricate gaming experience beyond simple “tap-to-earn” formats by including resource management and a variety of mini-games.
We welcome all feedback and we…
— Catizen (@CatizenAI) July 29, 2024
In the broader crypto landscape, Catizen's rise has been notable. Binance Labs, the venture capital extension of the world’s premier cryptocurrency exchange, has backed Pluto Studio, alongside support from partners like TON, Mantle, and NGC Ventures, propelling its swift expansion.
Yet, this success story is not without its thorns. Catizen recently faced backlash over a $100,000 donation to People for the Ethical Treatment of Animals (PETA).
This financial gesture was part of Catizen’s efforts to designate a segment of its income towards charities aiding stray cats. In reaction to community opinion, Pluto Studio stated they have “temporarily put on hold” their association with PETA while seeking player insights on preferred alternatives for future donations.
Looking forward, Catizen is setting its sights high with plans for its token that include revenue distribution and staking, and it’s keen to explore augmented reality (AR) and artificial intelligence (AI) technologies to craft a more immersive experience featuring an array of virtual cats and AI companions.
Catizen’s growth aligns with broader tech developments. With Telegram preparing to launch a Mini Apps store and integrate web2 capabilities soon, Catizen is primed to capture increased interest and engagement on the platform.
Editor-in-Chief of Blockonomi and founder of Kooc Media, a UK-based digital media company, believes in the power of open-source software, blockchain innovations, and an equitable internet for all. in the Telegram ecosystem His expertise has been recognized by prestigious outlets like Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch, and more. Reach out at [email protected]
