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The potential listing of CATI on exchanges like OKX is expected to generate a large trading volume for the token, thanks to the large user base of these platforms. However, it remains to be seen how the market will receive and adopt the token.
Leading cryptocurrency exchange OKX has announced that it will list CATI, the native token of the Telegram-based clicker game Catizen, for trading on September 20 at 10:00 AM (UTC). The token will be traded against USDT in the company’s spot market alongside top cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).
In a press release published on Monday, the exchange said it had already opened deposits for CATI in preparation for the listing earlier today at 8:00 AM (UTC).
Development Delays and Token Distribution
With this development, the firm has joined a growing list of crypto exchanges that will list the token on September 20 after its official debut on the TON blockchain (The Open Network). Last week, Bitget and Bybit announced that CATI will be supported for trading on their various platforms immediately after the successful release.
The digital asset was initially scheduled for launch in July. However, the team behind the development of Catizen encountered some technical delays, which pushed the release to this month.
With the release date set, the team is now focused on ensuring smooth circulation of the token across multiple exchanges to encourage adoption and offer players the opportunity to trade it on different platforms.
The developers allocated approximately 45% of the 1 billion token supply to players who have contributed to the game’s growth since its launch in March 2024. The remaining tokens have been kept for game development, with 5% dedicated to liquidity and 2% dedicated to ecosystem partnerships and collaborations with other crypto-related platforms.
OKX Launches New Campaign for CATI
The potential listing of CATI on exchanges like OKX is expected to generate a large trading volume for the token, thanks to the large user base of these platforms. However, it remains to be seen how the market will receive and adopt the token.
In addition to listing on the OKX spot market, the company has launched a new campaign to attract users to trade the token in its future market before its rollout. The new initiative, titled “OKX’s Trade and Earn CATI”, allows users to bet on the potential price performance of the token to win prizes. The move follows the listing of the token on its futures market for pre-market trading on September 5.
According to the company, users who deposit up to 500 USDT worth of CATI on OKX’s pre-market futures will benefit from its 50,000 CATI reward pool.
Meanwhile, as a tap-to-earn (T2E) game on Telegram, Catizen has come a long way since its launch in March 2024. Over the weekend, the platform celebrated its six-month anniversary with around 34 million players. Within six months of launch, the game recorded around 2 million players on-chain. Catizen also claimed it could now be compared with top mobile games in the world because of its rapid growth.
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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Chimamanda is a crypto enthusiast and experienced writer focusing on the dynamic world of cryptocurrencies. She joined the industry in 2019 and has since developed an interest in the emerging economy. She combines her passion for blockchain technology with her love for travel and food, bringing a fresh and engaging perspective to her work.
