Catizen’s $CATI Token Launches on Multiple Exchanges, According to Chainwire

Singapore, Singapore, September 20th, 2024 – Chainwire

Mantle has officially launched the $CATI token for its flagship game, Catizen, today on various exchanges, including Binance, OKX, Bybit, Gate.io, and Bitget. As the leading mini-game on Telegram, Catizen combines the power of Telegram with The Open Network (TON) and the Mantle Network. The $CATI token serves as the universal currency of the Catizen ecosystem, issued on both TON and Mantle, and can be utilized within the mini-app center and various tasks. This enables users to participate in the Launchpool "Stake to Earn" initiative, further driving the gaming ecosystem’s growth.

The $CATI token will exist in tandem on both TON and Mantle, with a total capped supply of 1 billion tokens distributed across the two platforms. However, there will only be a real supply of 1 billion tokens due to a unique locking mechanism. Currently, users can transfer $CATI across chains via Bybit. The balance between TON and Mantle is maintained through mutual locking contracts. For example, if Catizen distributes 10 million $CATI to users on Mantle, then 990 million $CATI from the total will be locked on Mantle, while 10 million $CATI will be similarly locked on TON, ensuring that the total supply across both blockchains does not exceed 1 billion.

Catizen has seen exceptional growth since receiving a significant investment from Mantle EcoFund in February 2023, emerging as a top blockchain game globally with over 36 million players. Its achievements include:

• Over $30 million in revenue within just six months
• More than 7 million Daily Active Users (DAU)
• 3 million on-chain users, including over 600,000 on the Mantle blockchain
• More than 1 million paying users, with an Average Revenue per Paying User (ARPPU) of $27, resulting in $27 million in revenue
• Distribution of over 1 million MNT and 40 million $FISH tokens as rewards exclusively to Catizen users on Mantle
• Quality transactions where users connect wallets, sign contracts, and pay gas fees using MNT or TON, with over half of the wallets holding at least $10 in assets

By offering distinct advantages through Mantle and TON, Catizen has proven its leading role in large-scale Web3 onboarding, paving the way for future Web3 gaming economies.

About Mantle

The Mantle Ecosystem encompasses a layer 2 (L2) network—Mantle Network—a decentralized autonomous organization (DAO)—Mantle Governance—one of the largest on-chain treasuries—Mantle Treasury—and a liquid staking protocol for Ether (ETH)—Mantle LSP, all built on Ethereum. The Mantle token ($MNT) serves as the core product and governance token for the ecosystem.

The Mantle Network aims for full compatibility with the Ethereum Virtual Machine (EVM) and employs a modular architecture that allows for the independent upgrading of transaction execution, data availability, and transaction finality. Mantle Network is recognized as the first L2 to collaborate with the ETH restaking protocol EigenLayer for data availability. Utilizing a rollup architecture, Mantle Network relies on Ethereum for security and is the first L2 developed through DAO initiatives, promoting the widespread adoption of token-governed technologies. The current version, Mantle Network Mainnet v2 Tectonic, was launched on March 15, 2024.

This infrastructure is crafted to support the demands of the web3 gaming ecosystem, facilitating a vast interconnected gaming universe where assets can hold value outside of individual games. The Mantle Network actively collaborates with initiatives like Hyperplay to streamline development for gaming projects.

To foster the next generation of innovators and builders, Mantle enhances its ecosystem through the Mantle Grants Program and the Mantle EcoFund, which is a $200 million capital pool. The Mantle Showcase Apps program provides additional support and visibility for projects in various categories, including real-world assets.

About Catizen

Catizen is an innovative gaming bot integrated within Telegram, merging the chat platform with multiple blockchains, including TON and Mantle Network. It aims to redefine Web 3.0 experiences by facilitating mobile payments in both cryptocurrencies and traditional fiat currencies. With access to Telegram’s vast user base, Catizen seeks to establish an unprecedented Web 3.0 traffic hub.

As it evolves into a Mini-app Center, Catizen is set to incorporate features from launchpool platforms, granting early access to new projects, token-based activities, transaction capabilities, and more, including short videos and e-commerce functionalities. This strategy is designed to engage users through gamification and Play-to-Airdrop initiatives, transforming interactions within the Web 3.0 ecosystem.