Catizen, a play-to-earn (P2E) game by Pluto Studio, has successfully concluded its first major airdrop of $CATI tokens, distributing rewards to over 15.2 million players. The airdrop, held on September 14th, marked the end of Season One for the blockchain-based game, which is integrated with Telegram. This event saw players across various leagues, from Silver to Royal, rewarded for their in-game activity.

Catizen Cover Banner on X (Twitter)

What is Catizen?

Catizen is a unique blockchain-based game built on The Open Network (TON) and accessible through Telegram, giving it broad reach among users. The game revolves around caring for digital cats in a virtual cat café, where players merge cats to create higher-level felines that generate more in-game currency known as vKitty. This "merge and grow" mechanic allows players to level up and unlock further rewards.

With $CATI as the governance token, players have a direct say in the game’s future, aligning with the decentralized principles of web3. As the game continues to evolve, new airdrops and updates are planned, promising ongoing engagement and rewards for its growing community.

Catizen Notice to Players

Airdrop Details and $CATI Token

Out of the 35.8 million players who have tried the game, only 42% were eligible for the airdrop, receiving a share of the 15% of the total $CATI token supply allocated for Season One rewards. Players earned these tokens by completing in-game tasks, quests, missions, and daily activities. However, the airdrop did not go without controversy.

Initially, Pluto Studio had announced that the primary metric for determining the token rewards would be vKitty profit speed, a measure of in-game earnings. However, on the day of the airdrop, the team unexpectedly shifted focus to on-chain interactions, task completions, and spending behavior within the game.

Details on Airdrop

Managing Expectations and Community Bakclash

This sudden rule change was introduced to prevent exploitation by players using bots to artificially inflate their vKitty earnings. While this measure aimed to ensure fairness, some players felt the changes were unfair, especially those who had focused on time-based strategies rather than financial investments. Further fueling discontent was the fact that only 34% of the total $CATI token supply was circulating at launch, instead of the previously announced 43%.

This discrepancy led to confusion among the community, with some players accusing the development team of misleading communication. In response, Pluto Studio clarified that 9% of the total token supply had been allocated to Binance Launchpool, leaving just 15% for the first airdrop.

Despite the backlash, Tim Wong, Chairman of the Catizen Foundation, praised the airdrop as a significant milestone in the game's development. In his address to the community, Wong highlighted the importance of $CATI as the governance token of Catizen, emphasizing its role in representing the "core spirit of web3" by granting players control over the game’s future direction.

Deposit $CATI to CEX

Tokenomics and Utility

The $CATI token, with a capped supply of 1 billion, is central to the Catizen ecosystem. Pluto Studio has allocated 43% of the total supply to the community and ecosystem, with 34% reserved for airdrops, including the 15% already distributed in Season One. The remaining 19% will be gradually released over 12 quarters, ensuring a steady stream of rewards for both current and future players.

Key uses of the $CATI token include:

• Governance: Token holders can participate in decision-making related to the game’s development and future updates.
• In-Game Purchases: Players can buy items within the game at a 30% discount when using $CATI.
• Staking and Rewards: Staking $CATI through the Binance Launchpool allows players to earn rewards from other projects.
• Fee Discounts: Players enjoy reduced fees, particularly when trading with the Vanilla Trading Bot.
• Meowdrop Rewards: Continuous rewards are provided to $CATI holders, increasing the token’s long-term value.

In addition to the governance benefits, 50% of Catizen’s revenue will be used to buy back and burn $CATI tokens, a strategy aimed at reducing the circulating supply and increasing the token’s value over time.

$CATI Token Release Schedule

Final Thoughts

As the first $CATI airdrop concludes, Catizen is gearing up for more exciting developments. Future airdrops are expected every quarter, providing ongoing opportunities for both new and existing players. Beyond the core gameplay, the development team has ambitious plans to expand the game’s ecosystem with new mini-games, enriched content, and potential forays into e-commerce and short-form drama.

With its unique blend of engaging gameplay, blockchain integration, and community-driven governance, Catizen continues to solidify its position as a leading player in the play-to-earn space. As the project grows, its commitment to long-term tokenomics and player rewards remains central to its vision. More information is available here.

Source: playtoearn.com