Catizen AI Coin Airdrop Delayed to Ensure Smooth Launch Amid Market Competition

Catizen delayed the $CATI coin airdrop to finalize its exchange listings and prevent potential issues. The developers aim to launch the token smoothly

output: Catizen AI, a popular blockchain-based game, has announced a delay in the $CATI coin airdrop. Initially set to take place in July 2024, the Token Generation Event (TGE) will now occur on September 20, 2024.

The decision to postpone the airdrop stems from the team's efforts to secure major exchange listings and ensure there is sufficient liquidity to guarantee a smooth launch. This move is particularly crucial in the context of the competitive Web3 gaming landscape.

Catizen AI is aiming to launch the $CATI coin on Binance and other top exchanges to maximize visibility and trading volume. The team is working diligently to complete the necessary steps and obtain the exchange listings.

Furthermore, announcements from competing projects, such as Hamster Kombat and DOGS, also played a role in Catizen AI's decision to delay its own airdrop. The team wanted to avoid launching during the same period as these rival projects to ensure that the $CATI coin maintains visibility in the market.

The $CATI token has a total supply of 1 billion tokens, with the following allocations:

Airdrop and ecosystem development: 40%Seed investors: 18%Advisors: 10%Team: 10%Game rewards: 7%Marketing and operations: 5%

Of particular note is the allocation for seed investors, advisors, and the team, which will be released over an extended period. This measure aims to prevent large sell-offs and ensure the long-term health of the Catizen AI ecosystem.

After the TGE, seed investors will begin receiving their tokens 12 months following the launch, subject to a 12-month cliff and a four-year vesting period. Similarly, advisors will receive their tokens over two years, while the team's tokens will be subject to a three-year lock-up.

Despite the delay in the $CATI token airdrop, Catizen AI's community remains highly engaged. The platform has recorded over 30 million on-chain transactions, with numerous players fulfilling diverse in-game roles.

The game's mechanics encourage players to stay active and contribute to the Catizen AI ecosystem. Notably, the snapshot for airdrop participation may occur before the official token listing, highlighting the importance of continuous engagement.

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