A gaming altcoin inspired by cats and powered by artificial intelligence (AI) is hitting record highs after being quickly introduced by the leading crypto exchange platform by volume.
In a recent update, crypto exchange Binance announces the addition of Catizen (CATI) to its range of offerings starting September 20th.
“Binance is thrilled to share that Catizen will be included in Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin, and Binance Auto-Invest.”
Catizen is a play-to-earn game based on The Open Network (TON), launched in March, where players take on the role of a mayor managing a virtual city inhabited by cats to earn rewards.
TON is a layer-1 blockchain that was formerly run by the well-known messaging platform Telegram and is now managed by a group of independent developers.
As per statistics from the crypto exchange KuCoin, Catizen boasts over 34 million users, 3.5 million daily active users, and an Average Revenue Per Paying User (ARPPU) of $33 across 800,000 paying players.
KuCoin attributes the game’s success to Telegram’s large user base and the growing popularity of blockchain-based games like Notcoin (NOT).
“With almost 1 billion users engaging with Telegram bots and mini-apps every month, Catizen leverages Telegram’s vast user network and features that facilitate secure, decentralized transactions.”
“Moreover, the surge in popularity of other Telegram games like Notcoin, TapSwap, and Hamster Kombat has further increased interest in the Catizen game.”
The announcement of the listing propelled CATI upwards, with the digital asset trading at $0.988 at the time of writing, marking a 9.5% rise in the last 24 hours. Earlier today, the gaming altcoin hit an all-time high of $1.11.
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Featured Image: Shutterstock/jovan vitanovski
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