The popular “Catizen” game, developed on the Telegram platform, announced the release date of its token on September 20. Previously, the CATI token was supposed to be minted on Telegram’s TON (TON) platform in July, but the developers delayed its release after encountering scheduling challenges.
On Thursday, the ByBit exchange announced that it will list CATI token spot trading on September 20. Katizen team also released this news through its official channels and confirmed the date.
With the token release date set, we will likely see the CATI token airdrop either on the same day or after the token generation event. Earlier in the week, Katzen’s team announced a big event on September 21st. Some players assumed this event would be the release of the token itself, but it may refer to when the option for players to receive airdrops becomes active.
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The news of the listing date of the CATI token was published only a few hours after the start of pre-launch trading of this token on the OKX exchange. At the time of writing, the CATI token is trading at $0.4377 on the OKX pre-launch market. The price of this token in the market before the launch of Bitget and ByBit exchanges is about $0.46 and $0.53, respectively.
The purpose of pre-market trading is to allow users to speculate on the final price of the token. However, trading tokens in this market can be even more risky than trading game tokens and volatile memecoins; Because Tokenomics and how Tokens will be distributed during the Airdrop may not be fully disclosed or finalized in advance.
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