Catizens Halts Exchange Pre-Deposits Ahead of CATI Token Launch
CryptoNewsTerminal Staff18 Sep, 2024
Catizens Halts Exchange Pre-Deposits Ahead of CATI Token Launch
Catizens Winds Down Pre-Deposit Service for Exchanges Before CATI Launch Artificial intelligence (AI)-powered Telegram cat-breeding game Catizens has announced the discontinuation of its pre-deposit service for cryptocurrency exchanges in anticipation of the CATI token generation event (TGE) scheduled for Feb. 18 at 7 PM KST. Following the conclusion of the pre-deposit service, users will exclusively deposit CATI tokens into exchanges through on-chain transactions. CATI is set to be distributed to eligible users during the TGE on Feb. 20. Catizens stated, "With reference to the on-chain token distribution of other projects in the TON ecosystem, it is anticipated that all distributions to CATI on-chain withdrawal addresses will be finalized approximately one week following the TGE." Meanwhile, Catizens' in-app "Stake to Earn" exchange token farming mechanism has garnered significant participation from roughly one million CATI holders, with a total of 14.4 million CATI staked. This constitutes over 10% of the initial circulating supply at the time of the TGE.
