Catizen Delays CATI Token Launch and Airdrop to Optimize for Successful Listing

The developers behind the Telegram-based crypto game Catizen have revealed that they have faced challenges in launching their CATI token and releasing their airdrop, which has frustrated the game's growing community.

Telegram-based crypto game Catizen has encountered difficulties in launching its CATI token and airdrop, sparking frustration within the game's community. The developers have acknowledged the delay, explaining that they are working to optimize key elements for a successful token listing.

The team behind the crypto game announced the delay in a message to the community, revealing that they are aiming to get listed on major exchanges, offer multiple trading options, and secure a proper listing price. They also mentioned other factors, such as compliance and market sentiment, that could potentially impact the delay.

“We are working hard to get listed on major exchanges, ensuring multiple trading options, and a proper listing price, among other aspects that are entirely out of our control but could potentially delay the process,” the team stated.

The team also took the opportunity to explain their Token Generation Event (TGE) to Catizens users, outlining their strategy to encourage long-term holding and increase the value of CATI tokens after they are listed on exchanges. Notably, seed round investors, advisors, and the team will not receive any tokens at the TGE.

Instead, their tokens will be released after 12 months, followed by an additional 12-month cliff period. The tokens will then continue to vest over a period of four years.

“At the Token Generation Event (TGE), seed round investors, advisors, and the team will receive 0% of the CATI tokens. Furthermore, when they do receive their tokens after the initial 12 months, they will be subject to a 12-month cliff period, after which the tokens will be vested over a period of 4 years. This ensures that no tokens are allocated to these parties at the TGE, with the aim of ensuring that the CATI token price can appreciate after listing, allowing the community to enjoy further benefits in the long run,” the team explained.

The crypto game also addressed another point of contention among players—its $100,000 donation to animal rights organization PETA. In response to the controversy surrounding PETA's practices, Catizen has temporarily halted the in-bot collaboration.

The donation will now be allocated towards feeding, vaccination, rescue, and adoption assistance, according to the announcement.

The Catizen token delay follows a similar announcement by Hamster Kombat, another Telegram tap-to-earn game that recently disclosed a delay in its token launch beyond its July target.

Despite the challenges, the Catizen team expressed their gratitude for the community's patience and continued trust. They hinted at the upcoming launch of the Game Center, which is set to serve as a pivotal application platform for the CATI token, aiming to generate long-term value for holders.