Mantle’s flagship blockchain game, Catizen, has officially launched its $CATI token today, marking a significant milestone in the evolution of Web3 gaming. Available on prominent exchanges such as Binance, OKX, Bybit, Gate.io, and Bitget, Catizen is set to revolutionize the gaming economy by integrating with Telegram, The Open Network (TON), and Mantle Network (L2), offering users a seamless and innovative experience.
What is $CATI?
As the universal token of the Catizen ecosystem, $CATI plays a crucial role in this thriving gaming platform. Issued on both TON (L1) and Mantle Network (L2), it is not only used within the mini-app center and open tasks but also allows users to participate in the Launchpool “Stake to Earn” program, further enhancing the ecosystem’s development.
$CATI’s Unique Cross-Chain Mechanism
The $CATI token maintains a parallel relationship on both TON and Mantle, with a maximum supply of 1 billion tokens on each chain. However, through a sophisticated locking mechanism, the total supply is capped at 1 billion tokens across both networks, ensuring balance and stability. At present, cross-chain transfers of $CATI are facilitated via the Bybit exchange. This ensures that the ecosystem maintains the 1 billion cap, regardless of transactions between the two chains.
Example of the Locking Mechanism:
If 10 million $CATI tokens are airdropped to Mantle game users, 990 million $CATI will enter the locking contract on Mantle Network, while an equivalent 10 million $CATI on TON will also enter a locking contract. This strategic mechanism ensures that the total circulation remains capped, maintaining the integrity of the token’s value.
Catizen’s Remarkable Success and Growth Metrics
Catizen is developed by Pluto Studio and has seen unparalleled success since receiving a major investment from Mantle EcoFund in February 2023. It has grown to become one of the most successful blockchain games in the world, with over 36 million players. Let’s take a closer look at some of Catizen’s impressive metrics:
- Over $30 million in revenue generated within just six months
- 7 million Daily Active Users (DAU)
- 3 million on-chain users, with over 600,000 on the Mantle blockchain
- Over 1 million paying users with an Average Revenue per Paying User (ARPPU) of $27, resulting in $27 million in total revenue
- Over 1 million MNT and 40 million $FISH tokens distributed as rewards exclusively to Mantle Catizen users
- High-quality transactions with users binding wallets, signing contracts, and paying gas fees in MNT or TON for each transaction. Impressively, more than half of the wallets hold at least $10 or more in assets
These figures not only highlight Catizen’s financial success but also demonstrate its ability to retain a large, engaged user base, thereby reinforcing its leadership position in the Web3 gaming landscape.
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The Future of Web3 Gaming: $CATI’s Role in Mass Adoption
By providing exclusive benefits through Mantle and TON, Catizen has positioned itself as a game-changer in onboarding users into the Web3 ecosystem on a massive scale. The launch of the $CATI token and its integration into the broader TON and Mantle Network ecosystems signify the next wave of innovation in Web3 gaming economies, offering players an unmatched experience in blockchain-based gaming.
About Mantle Network
Mantle Network is a leading blockchain platform that offers Layer 2 scaling solutions to enhance the speed, security, and efficiency of blockchain transactions. Mantle aims to empower developers, businesses, and users by building a comprehensive ecosystem that facilitates seamless integration with various blockchain networks.
About Pluto Studio
Pluto Studio is a pioneer in blockchain game development, creating immersive experiences that leverage blockchain technology to offer unparalleled gaming experiences. With a commitment to innovation, Pluto Studio continues to redefine what’s possible in the Web3 gaming world.
