Catizen released token economics details on X: CATI is its governance/utility token, with a total supply of 1 billion, and will never be issued. The issuance schedule and economic model are as follows:
-Airdrop and ecosystem account for 43%
Airdrop 34%
Of which 15% will be 100% issued at TGE for Season 1 player rewards;
The remaining 19% will be used for quarterly airdrop activities, and 9,900,000 tokens (0.99%) will be airdropped at the beginning of the second quarter. This number will increase at a rate of 10% per quarter before the seventh quarter, and will increase linearly thereafter. The entire airdrop process will be completed within 12 quarters after the TGE.
-Launchpool 9%, TGE 100%
Liquidity 5%, TGE 100%
Treasury 15%, TGE 10%, 12-month cliff, 48-month linear release
Team 20%, TGE 0%, 12-month cliff, 48-month linear release
Investors 10%, TGE 0%, 12-month cliff, 48-month linear release
Advisors 7%, TGE 0%, 12-month cliff, 48-month linear release
According to this model, during the TGE phase, Catizen will release 30.5% of the total supply of CATI, and the player airdrop will account for 15%, accounting for 50% of the initial total supply. The remaining 50% will be used for Launchpool (9%), liquidity (5%), and treasury (1.5%). This ensures sufficient initial circulation while also providing continuous momentum for the long-term development of the ecosystem.
According to previous news, Binance launched the 59th Launchpool project Catizen (CATI), and will list Catizen (CATI) at 18:00 (Eastern Time) on September 20, 2024, and open CATI/USDT, CATI/BNB, CATI/FDUSD and CATI/TRY trading markets, subject to seed tag trading rules.