Catizen Launches $CATI Token on Multiple Exchanges Today

[PRESS RELEASE – Singapore, Singapore, September 20th, 2024]

The highly anticipated launch of Mantle’s premier game, Catizen, has officially introduced its token, $CATI, across various exchanges today, such as Binance, OKX, Bybit, Gate.io, and Bitget. As the most lucrative mini-game on Telegram, Catizen successfully bridges the gap between Telegram and The Open Network / TON (L1) as well as the Mantle Network (L2). As the universal token of the Catizen ecosystem, $CATI is issued on both TON and Mantle. It serves various functions within the mini-app center and open tasks, enabling users to engage with the Launchpool “Stake to Earn” initiative, thus fostering the overall development of the gaming ecosystem.

The $CATI token operates in tandem on both TON and Mantle, with a total cap of 1 billion tokens allocated on each platform. However, to maintain an actual total supply of 1 billion across the two chains, a locking mechanism is in place. Users can currently transfer $CATI across chains via the Bybit exchange. The synchronization between the chains is preserved through mutual locking contracts. For example, if Catizen distributes 10 million $CATI to users on Mantle, 990 million $CATI of the 1 billion on the Mantle Network will enter a locking contract, while 10 million $CATI of the 1 billion on TON will also enter a locking contract to ensure the total circulation across both chains does not exceed 1 billion.

After receiving significant investment from Mantle EcoFund in February 2023, Catizen, crafted by Pluto Studio, has surged in popularity, becoming one of the leading blockchain games globally, amassing over 36 million players. The game’s success is demonstrated by impressive figures:

• More than $30 million in revenue generated within the first 6 months
• Over 7 million Daily Active Users (DAU)
• 3 million on-chain users, with over 600,000 on the Mantle blockchain
• More than 1 million paying users, yielding an Average Revenue per Paying User (ARPPU) of $27, resulting in $27 million in revenue
• Over 1 million MNT and 40 million $FISH tokens allocated as rewards specifically for Mantle Catizen users
• High-quality transactions: users connect wallets, sign contracts, and pay gas fees in MNT or TON per transaction. More than half of the wallets contain assets of at least $10 or more

By offering unique advantages through Mantle and TON, Catizen has proven its exceptional capability to onboard users into Web3 at scale, leading the next wave of gaming economies in the Web3 space.

For further details:

Catizen on Mantle statistics: https://dune.com/hashed_official/catizen-mantle

$CATI airdrop information: https://x.com/CatizenAI/status/1833554571219898749

About Mantle

Mantle Ecosystem features an Ethereum layer 2 (L2) known as Mantle Network, a decentralized autonomous organization (DAO) called Mantle Governance, one of the largest on-chain treasuries referred to as Mantle Treasury, and an Ether (ETH) liquid staking protocol termed Mantle LSP: all built on Ethereum. The Mantle token ($MNT) serves as the unified product and governance token across the ecosystem.

Mantle Network is the first core development of the ecosystem, focusing on Ethereum L2 compatibility. It employs a modular architecture to segregate transaction execution, data availability, and transaction finality into separate components, enabling individual upgrades and the adoption of the latest innovations. It is the first L2 to partner with the ETH restaking protocol EigenLayer to enhance data availability. By implementing a rollup architecture, Mantle Network draws security from Ethereum. As the first L2 spawned from a DAO, it is pioneering efforts towards the mass adoption of token-governed technologies. The up-to-date mainnet version, Mantle Network Mainnet v2 Tectonic (Mantle v2 Tectonic), was launched on March 15, 2024.

The infrastructure of Mantle Network is meticulously crafted to meet the demands of the web3 gaming ecosystem, facilitating a broad and interconnected gaming universe where assets carry value beyond a single game’s environment. Aligned with initiatives like Hyperplay, Mantle Network’s ecosystem offers expertise and resources to streamline the development and deployment of gaming projects.

To nurture the next generation of innovators and developers, Mantle is expanding its ecosystem through the Mantle Grants Program and the Mantle EcoFund, which comprises a catalyzed capital pool of $200M. The Mantle Showcase Apps program provides additional backing and visibility to ecosystem projects in sectors like real-world assets (RWA).

For further inquiries, readers can visit:

Website | X/Twitter | Devs X/Twitter | Discord | Telegram | YouTube | Blog | GitHub

About Catizen

Catizen is a groundbreaking gaming bot available on Telegram that integrates the messaging platform with multiple blockchains, including TON and the Mantle Network. It transforms Web 3.0 experiences by facilitating mobile payments using both cryptocurrency and fiat. By leveraging Telegram’s extensive user base, Catizen aims to forge an unprecedented Web 3.0 traffic hub.

In addition, Catizen is evolving into a Mini-app Center, incorporating features from launchpool platforms, including early access to new projects, token-driven activities, transaction functions, along with short videos and e-commerce capabilities. This groundbreaking model will attract users by utilizing gamification and strategic Play-to-Airdrop efforts, changing the way users interact with the Web 3.0 ecosystem.

For more information, readers can please visit:

X | Official Website | Telegram | Telegram Chat | Bot