Controversy Surrounds The Catizen (CATI) Airdrop: Here’s What To Expect?

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As a seasoned crypto investor with over a decade of experience in this volatile market, I must say that the latest developments surrounding the Catizen airdrop have left me somewhat disheartened. Having witnessed numerous bull runs and bear markets, I’ve learned to navigate the landscape with caution, always keeping an eye out for potential opportunities while being mindful of the risks involved.

Given that the crypto market has shifted from its bullish phase, investors are actively seeking profitable possibilities. This could mean focusing on newly issued TRON tokens and gathering all potential airdrops. With September offering several intriguing cryptocurrency airdrops, such as Catizen, some investors may find their wallets filled. However, a recent dispute concerning Catizen has arisen, with officials making significant changes just before the token distribution.

There’s been plenty happening in the world of Telegram games lately, given their rising fame. In fact, the top game, Hamster Kombat, has just been introduced as the 58th project in Binance‘s Launchpool, with an impending airdrop scheduled soon.

How Catizen Airdrop Has Become Controversial?

Catizen, a widely-played swipe-based game on Telegram, made headlines following criticism about its token distribution rules and allocations. The anticipated Catizen airdrop is scheduled for September 20th. Yet, it has stirred controversy due to accusations of scamming after the latest changes in its airdrop policy.

Initially, the team planned to distribute 43% or 1 billion CAT tokens from the total supply in the Catizen airdrop. But, following recent announcements over the weekend, the allocation has been reduced to 30%. Out of this adjusted amount, only 15% will be distributed during the airdrop, with the remaining portion being saved for future purposes. Furthermore, the team has established eligibility criteria that allow only approximately 15.2 million individuals to participate in the Catizen airdrop. Consequently, over 20 million people are not eligible and will receive nothing. The amount of time and money spent playing the game was the primary determinant for eligibility.

Biggest #Airdrop SCAM is here: #CatiScam#Catizen Airdrop Supply
Promised = 43%
Reality = 15%

People spend 1000 hours,
What they got?
5 cati – 7 $CATI

It seems there’s a problem with citizenship, or perhaps the issue is related to Binance, which appears to be suspect. The hashtags suggest a connection to Hamster Kombat, Yescoin, scams, and scammers. In simpler terms, it looks like someone is upset about something concerning Binance or citizenship that seems unfair or possibly fraudulent, and they’re using related hashtags for emphasis.

— AiB Crypto | 𝕏 (@AibCrypto) September 14, 2024

Nevertheless, this tale has been around for some time now, primarily due to the disputes surrounding the distribution of tokens to qualified candidates. Once the official team disclosed the allocation amount for each participant, numerous individuals pointed out the apparent unfairness in X. Regardless of their dedication and meeting all eligibility requirements, many are set to receive the token with only a few digits, which falls significantly short of everyone’s anticipations.

Rank 6054 Out Of 36 Million Players but got only 39 $CATI

How can someone call this Fair Distribution ?

We need transparency about the token allocation #catizen

— Crypto with Khan ( SFZ ) (@Cryptowithkhan) September 15, 2024

Pluto Studio, creators of the popular game for cat enthusiasts – Catizen, have shared their rationale for recent updates. They found that various players were employing unconventional tactics to inflate their in-game income, prompting them to make necessary adjustments.

While examining the distribution of CATI tokens through our CATI airdrop, it was found that multiple automated bot accounts manipulated the public rules by employing scripts to increase their vKitty earnings rapidly. This action aimed at amassing an unfair share of CATI tokens. If we were to stick with the initial airdrop guidelines in this scenario, it would heavily favor these bots and disadvantage genuine players and community supporters.

What To Expect With CATI Airdrop Now?

Following several setbacks, including the Catizen debate, and after much anticipation, the airdrop is scheduled to commence on September 20. A significant portion, amounting to 15% of the total supply, will be distributed among approximately 15.2 million users. Currently, CATI is worth around $0.7 on Gate.io, and numerous analysts have predicted its value to surpass $2 upon listing, though this potential increase remains uncertain due to the recent CATI airdrop controversy.

Moreover, Launchpool has included Catizen as its 59th project, enabling users to accumulate CATI tokens by securing BNB and FDUSD. In response, the Pluto team has set aside an additional 90 million tokens as a chance for users to collect more tokens before September 19. Notably, Binance will list Catizen on its platform for trading in BNB, FDUSD, USDT, and TRY pairs starting from the 20th. Furthermore, this token is set to be introduced with an overall supply of 1 Billion and a circulating supply of 305 Million.

Various well-known cryptocurrency trading platforms such as Bitget, KuCoin, Gate.io, HashKey, among others, offer staking options. This means that users can earn additional tokens beyond those received from the Catizen airdrop.

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2024-09-16 12:09