NAIROBI (CoinChapter.com) — OKX will list the CATI token, the native currency of Catizen, on Sept. 20, 2024, at 10:00 AM (UTC). The CATI/USDT pair will be available on the exchange’s spot market, with deposits open since 8:00 AM (UTC) today.
This listing follows similar moves from other exchanges like Bitget and Bybit, which also announced plans to support CATI trading shortly after its debut on the TON blockchain.
OKX Introduces “Trade and Earn CATI” Campaign
Alongside the listing, OKX has introduced a “Trade and Earn CATI” campaign. This initiative allows users to earn a portion of 50,000 CATI tokens by trading at least 500 USDT worth of CATI on OKX’s Pre-Market Futures platform. The pre-market trading began on Sept. 5 and enables users to speculate on CATI’s price with up to 2x leverage before its official launch.
With OKX’s large user base, CATI could see high trading volumes, but how the market responds is still uncertain. Since its debute in March 2024, Catizen has attracted over 34 million players. The CATI token is central to the game, letting players upgrade and expand their virtual cat cities.
Catizen ranks as the top revenue-generating app on Telegram, with over 2 million active on-chain players and 800,000 paying users. The average revenue per paying user (ARPPU) is $33.
Delayed Launch and Token Distribution
Originally scheduled for release in July, Catizen’s launch faced delays due to technical issues, pushing the release to Sept. 2024. The project team has allocated 45% of the total 1 billion CATI tokens to early contributors and set aside 5% for liquidity, ensuring the token’s stability when trading begins.
Notably, the team will airdrop rewards to active Catizen players, based on their engagement. Active players, particularly those in the ‘Gold and below’ category, which accounts for 98% of users, will benefit the most. In addition, a player’s activity level and past participation, such as earning special tokens in events, will determine the size of their airdrop.
The CATI token listing on OKX, along with the ongoing campaign, will likely influence trading volumes. However, how the market responds to these developments will be determined once trading officially begins on Sept. 20.
