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Catizen, despite months of promises to community members, might face a seriously hard launch with community unhappy about current allocation
Key Notes
Catizen’s CATI token airdrop is finally close to launch.Community members are unhappy about the current reduced allocation to players.The situation is already escalating with many calling Catizen a scam.Members of the Telegram ecosystem have been expecting a Catizen airdrop but recently became enraged after some changes were made. On Saturday, the tap-to-earn game developer Pluto Studio disclosed how many tokens players will receive when the Telegram game’s CATI token finally launches on The Open Network (TON).
This move aggrieved the community, as many claim this detail should have been revealed to players before the launch. Also, players are still determining the token’s value when it eventually launches in a few days.
Hurdles of the Catizen Token Launch
Generally, CATI airdrop has faced several hurdles in the last few weeks. Catizen originally planned to launch its CATI token in July. The team delayed the airdrop at some point, but the developers acknowledged it, citing the need to optimize key elements for a successful token listing. Pluto Studio explained that they were working to get listed on major exchanges, offer multiple trading options, and secure a proper listing price.
In addition, the team faced other challenges like compliance and poor market sentiment. The latest surprise pulled on the players has triggered some backlash, with most expressing their disappointment on X. These players are unhappy that their share of rewards was lower than expected.
Based on the project’s design, Catizen will have a total supply of 1 billion tokens. Out of this bag, 305 million tokens will be designated to the circulating supply at launch. This is disheartening, especially for some players who grind so hard in the Telegram puzzle game, thinking they would get a larger share of the pie. One player voiced his frustration, asking for transparency.
“Rank 6,054 out of 36 million players but got only 39 CATI. How can someone call this fair distribution? We need transparency about the token allocation,” the player stated.
Aggrieved CATI Players Use the Hashtag #Catizenscam
As a result of their grievances, these players have launched the #catizenscam hashtag, which is now trending on X. In addition to the issue of the number of allocated tokens, there are other changes to the token distribution model and allocation criteria that were not previously communicated to players. The plan was to give the community 43% of the token supply from inception.
However, Catizen developers clarified over the weekend that 43% of the supply will go to “airdrop and ecosystem”. This includes the 90 million tokens, or 9% of the total supply, that the team plans to give Binance customers who stake coins via a Launchpool rewards campaign. It is worth noting that the team just announced this promotion this past Friday.
According to the new announcement, only about 30% of the supply will circulate at launch, raising plenty of questions among players. Meanwhile, Pluto Studio highlighted another change to the design of the airdrop to tackle those players who have used artificial means to boost their earnings.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
