History of citizen coin
The Catizen coin, officially known
as CATI, is the native utility and governance token for the Catizen
gaming ecosystem. Its history is closely tied to the rise of play-to-earn games
on the Telegram messaging platform, particularly those built on The Open
Network (TON) blockchain. Here is a summary of its history and key milestones: Origins and Initial
Launch Project Concept: Catizen is
a popular Telegram-based play-to-earn (P2E) game where users manage a virtual
cat city, breed and upgrade cats, and complete tasks to earn in-game rewards.
It integrates GameFi (blockchain gaming), AI, and the Metaverse. Official
Open Beta Launch: The game's official Open Beta launched on March 19,
2024, on Telegram. Rapid Growth: The game quickly amassed a huge
user base, surpassing millions of players and generating significant in-game
revenue, demonstrating the demand for Telegram-based Web3 games. Funding and Partnerships
Fundraising: The project, through its publishing platform Pluto
Studio, completed successful fundraising rounds, securing millions of
dollars from investors.Notable investors include Binance Labs, HashKey
Capital, Folius Ventures, and others. Ecosystem: Catizen is
built on the TON (The Open Network) and Mantle blockchains,
positioning it within the rapidly growing TON ecosystem of Telegram mini-apps. CATI Token Launch and Airdrop In-Game Currency: Initially, players earned in-game
currencies like Fish and vKitty, which were used to progress in
the game and served as a basis for the eventual CATI token airdrop. Token
Generation Event (TGE) & Listing: The official CATI token was
launched and listed on major cryptocurrency exchanges on September 20, 2024,
following an initial delay from a planned July launch. Airdrop: The
first season of the CATI airdrop began distribution around September 14,
2024, rewarding active players who had participated in the game's
"Play-for-Airdrop" mechanism.
Key Developments and Roadmap
Launchpool: In Q2 2024 (April 28, 2024), Catizen launched its
first in-game Launchpool for $wCATI. Ecosystem Expansion: Throughout Q3
2024, the project launched the Catizen Game Center with multiple
mini-games and completed its first major fundraising round. Future Plans:
The roadmap includes plans for the full-scale launch of AI Cats
features, further expansion with over 200+ mini-apps to transform into a
comprehensive mini-game and social hub, and integration into other platforms. In
short, Catizen's history is characterized by a rapid ascent as a leading GameFi
project on Telegram, successfully transitioning its popular game into a
multi-chain ecosystem with its own tradable cryptocurrency, CATI.
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