Launch of $CATI Token Elevates Catizen in the Gaming Scene

Launch of $CATI Token Elevates Catizen in the Gaming Scene

Mantle has officially launched its flagship game, Catizen, with the introduction of its token, $CATI, across multiple prominent exchanges like Binance, OKX, Bybit, Gate.io, and Bitget. As one of the leading mini-games available on Telegram, Catizen innovatively merges the features of the messaging platform with The Open Network / TON (Layer 1) and Mantle Network (Layer 2). $CATI serves as the universal token within the Catizen ecosystem, allowing users to actively engage in the platform's mini-app center and fulfill various tasks, thus highlighting opportunities for user participation in the Launchpool “Stake to Earn” initiative.

Understanding the $CATI Token Dynamics

The $CATI token operates in parallel on both the TON and Mantle blockchains, maintaining a maximum supply of 1 billion tokens across these platforms. The innovative design ensures that while 1 billion tokens are distributed, only a combined total of 1 billion will actively circulate. This is achieved through a locking mechanism that stabilizes the token supply. Users can conduct cross-chain transfers of $CATI through Bybit exchange, and mutual locking contracts keep the balance between both chains. For instance, if Catizen performs an airdrop of 10 million $CATI tokens to users on Mantle, an equivalent of 10 million will also be locked on the TON, ensuring a controlled circulation on both chains.

Impressive Growth Metrics of Catizen

Since securing significant investment from the Mantle EcoFund, Catizen, developed by Pluto Studio, has experienced significant growth, boasting over 36 million players worldwide. The game has achieved remarkable financial success and engagement metrics:

• Generated more than $30 million in revenue within just six months of operation.
• Attracted over 7 million Daily Active Users (DAU).
• Counts 3 million on-chain users, with over 600,000 engaging through the Mantle blockchain.
• Recognizes over 1 million paying users, and an Average Revenue per Paying User (ARPPU) of $27, resulting in $27 million total revenue.
• Has distributed over 1 million MNT and 40 million $FISH tokens as rewards exclusively to users on Mantle.
• Records high transaction quality, as users engage with wallet binding, sign contracts, and cover gas fees using MNT or TON, with most wallets holding a minimum of $10 in assets.

Catizen's commitment to providing exclusive advantages via Mantle and TON promises to facilitate an expansive onboarding experience for users into Web3, thereby contributing significantly to the ongoing evolution of gaming economies.

Mantle Ecosystem: A Collaborative Approach

The Mantle Ecosystem encompasses various components including the Mantle Network—an Ethereum layer 2 solution with decentralized governance and treasury mechanisms. Also, Mantle's governance token, $MNT, is crucial to integrating these features. Mantle Network emphasizes compatibility with Ethereum Virtual Machine (EVM) and implements a modular architecture that supports ongoing innovation and efficiency.

Mantle’s Vision for the Future

Focused on enhancing the Web3 gaming landscape, Mantle Network is meticulously designed to handle the rigorous demands of online gaming, creating environments where in-game assets hold genuine value across different ecosystems. The supporting initiatives like Mantle Grants Program and EcoFund, alongside a substantial capital pool, equip the ecosystem to foster innovation and encourage developer growth.

Catizen: Redefining Gaming Interaction

Catizen stands out as a pioneering gaming bot on Telegram, designed to seamlessly blend the chat application with multiple blockchains. By streamlining mobile payments in both crypto and fiat, Catizen aims to transform Telegram into a hub for Web3 interactions.

Enhancing User Engagement and Access

As Catizen transitions into a Mini-app Center, it incorporates elements from launchpool platforms, offering early access to new projects and token-related activities. This approach not only gamifies the user experience but also opens pathways for innovative Play-to-Airdrop systems that revolutionize engagement within the Web3 economy.

Frequently Asked Questions

What is the primary purpose of the $CATI token?

The $CATI token is designed to facilitate transactions within the Catizen ecosystem, enabling users to participate in various activities, including the Launchpool initiative.

On which exchanges can I find the $CATI token?

The $CATI token is currently listed on multiple exchanges, including Binance, OKX, Bybit, Gate.io, and Bitget.

How does the locking mechanism for $CATI work?

The locking mechanism maintains a total supply of 1 billion tokens across the TON and Mantle blockchains by locking equivalent amounts whenever transactions occur between the two chains.

Can I use $CATI for transactions across different blockchains?

Yes, cross-chain transfers of $CATI are enabled, allowing users to transact seamlessly through platforms like Bybit.

What benefits does Catizen provide to its users?

Catizen offers unique advantages through exclusive rewards, effective user onboarding strategies, and innovative engagement methods within the Web3 gaming environment.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.