On September 20, cryptocurrency exchanges Binance, OKX, Bybit, Gate.io, and Bitget listed the Catizen (CATI) token, associated with the Telegram-based game on Mantle and The Open Network (TON). At the time of publication, the asset trades above $0.94 with a market capitalization of $286 million.
“CATI is a universal token of the Catizen ecosystem, launched on both TON and Mantle. It can be used in the mini-apps and tasks hub, allowing users to participate in the Stake to Earn launchpool, furthering the development of the entire gaming ecosystem,” Mantle representatives told ForkLog.
According to them, CATI transfers between blockchains can currently be conducted via the Bybit exchange. The total issuance of 1 billion CATI is supported by mutual lock-up smart contracts.
For instance, if Pluto Studio, the developer of Catizen, distributes 10 million CATI among Mantle users, 990 million tokens will be locked in this network and 10 million CATI on TON.
“Since Pluto Studio received significant investments from Mantle EcoFund in February 2023, Catizen has rapidly gained popularity and has already become one of the most successful blockchain games globally with 36 million users,” noted Mantle.
The project team also revealed several key achievements:
- over $30 million in profit over six months;
- more than 7 million daily active users;
- out of 3 million blockchain users, over 600,000 interacted with Mantle;
- over 1 million paying users with an average income of $27;
- more than 1 million MNT and 40 million FISH tokens distributed among Catizen users on Mantle;
- more than half of connected wallets hold assets worth $10 or more.
Previously, ForkLog published an interview with the head of the gaming division at Mantle, known by the pseudonym Geezee. He shared his views on Telegram clickers and discussed Catizen’s successes.
From September 20 to 29, 2024, the Skate project will distribute 5 million Ollies among users of the Mantle Rewards Station platform in a lottery format.