OKX Lists CATI Token, Introduces 'Trade and Earn CATI” Campaign

NAIROBI (CoinChapter.com) — OKX will list the CATI token, the native currency of Catizen, on Sept. 20, 2024, at 10:00 AM (UTC).

Cryptocurrency exchange OKX will list the CATI token, the native currency of Catizen, on Sept. 20 at 10:00 AM (UTC). The CATI/USDT pair will be available on the exchange’s spot market, with deposits having opened earlier today at 8:00 AM (UTC).

The listing comes after other exchanges, such as Bitget and Bybit, also announced plans to support CATI trading shortly following its debut on the TON blockchain.

OKX to Host “Trade and Earn CATI” Campaign

In addition to the listing, OKX will also launch a “Trade and Earn CATI” campaign. The initiative will allow users to earn a portion of 50,000 CATI tokens by trading a minimum of 500 USDT worth of CATI on OKX’s Pre-Market Futures platform.

The pre-market trading for CATI commenced on Sept. 5 and enables users to speculate on the token’s price with up to 2x leverage prior to its official launch.

With OKX’s vast user base, CATI is expected to witness high trading volumes, though it remains to be seen how the market will respond.

Catizen, since its March 2024 debut, has attracted over 34 million players. The game heavily utilizes the CATI token, allowing players to upgrade and expand their virtual cat cities.

The Telegram app ranks Catizen as the top revenue-generating app, with over 2 million active on-chain players and 800,000 paying users. The average revenue per paying user (ARPPU) stands at $33.

Delayed Launch, Token Distribution

Catizen’s launch was initially slated for July, but encountered delays due to technical issues, ultimately shifting the release to Sept. 2024.

Of the total 1 billion CATI tokens, the project team allocated 45% to early contributors and set aside 5% for liquidity, ensuring the token’s stability once trading commences.

It is worth noting that the team will airdrop rewards to active Catizen players, commensurate with their engagement. Active players, especially those in the ‘Gold and below’ category, which encompasses 98% of users, will receive the highest benefits.

Moreover, a player’s activity level and past participation, such as earning special tokens in events, will influence the size of their airdrop.

The listing of the CATI token on OKX, coupled with the exchange’s campaign, is set to impact trading volumes. However, the market’s ultimate response will only become evident once trading officially commences on Sept. 20.

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