4 months ago
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Catizen was originally planning to launch its CATI token in July. However, the developers have acknowledged the delay, citing the need to optimize key elements for a successful token listing.
The developers behind the Telegram-based crypto game Catizen have revealed that they have faced challenges in launching their CATI token and releasing their airdrop, which has frustrated the game’s growing community. The team explained that delaying the airdrop is difficult for them and that they are working hard to develop the best one for the community.
Catizen was originally planning to launch its CATI token in July. However, the developers have acknowledged the delay, citing the need to optimize key elements for a successful token listing.
In a message to the community, Pluto Studio – the developer behind the project – explained that they are working to get listed on major exchanges, offer multiple trading options, and secure a proper listing price. They also noted other factors, such as compliance and market sentiment.
The team stated that despite having some situations under control, other aspects are entirely out of what they can control, potentially causing the delay.
The team explained to Catizens users their Token Generation Event (TGE), the plan to ensure long-term holding and get CATI tokens to increase after getting listed. They revealed that seed round investors, advisors, and the team will not be given any tokens at the TGE to achieve this. Instead, they will receive their tokens after 12 months. Even when they get their tokens, they’ll have to wait another 12-month cliff period. After that, the tokens will vest for another four years. They said:
“At the Token Generation Event (TGE), seed round investors, advisors, and the team will receive 0% of the CATI tokens. Furthermore, when they do receive their tokens after the initial 12 months, they will be subject to a 12-month cliff period, following which the tokens will be vested over a period of 4 years. This ensures that no tokens are allocated to these parties at the TGE. We are committed to seeing the value of the CATI token appreciate after listing, with the aim of ensuring that the community can enjoy further benefits in the long run.”
Addressing PETA Donation
Catizen also addressed another source of player frustration, its $100,000 donation to the animal rights organization PETA. The crypto project acknowledged the controversy surrounding PETA’s practices and has temporarily suspended the in-bot collaboration. They stated that the donation will now be used for feeding, vaccination, rescue, and adoption assistance.
The Catizen token delay comes after a similar announcement from the Telegram tap-to-earn game Hamster Kombat, which also shared news of a token launch delay beyond its July target.
Despite the challenges, the Catizen team remains committed to their community, and they acknowledge the users’ patience. They further asked users to keep trusting them as they are poised to deliver the best results, which the community anticipates. This includes the upcoming launch of the Game Center, which they believe will be a pivotal application platform for the CATI token, generating long-term value for holders. However, a new date for the token listing was not shared.
