Since the crypto market has lost its bullish nature, investors are hunting for any potential profit-making opportunity. It includes targeting newly launched TRON tokens and collecting all the possible airdrops. And as September has listed some very interesting crypto airdrops, including the Catizen airdrop, the pockets might be full for some investors. However, a new Catizen controversy is out, with the officials making big changes days before distributing tokens.
A lot is ongoing with Telegram games, thanks to their increasing popularity. Even the most popular one, Hamster Kombat, is launched on the Binance as the 58th Launchpool Project with an upcoming airdrop.
How Catizen Airdrop Has Become Controversial?
Catizen is a popular swipe-to-earn game on Telegram, with the game center launched on August 22. And now, it is in the spotlight after getting backlash on the token allocations and distribution criteria. The Catizen airdrop is all set to happen on September 20 and is among the most awaited events. However, it became a Catizen controversy, with people calling it a scam after its recent airdrop changes.
The team earlier allocated 43% of the total supply (1 Billion CAT) in the Catizen airdrop. However, per the recent revelation over the weekend, the allocation has dropped to 30%. Even in this, the team will only distribute 15% of the supply in this airdrop, keeping the rest aside for the future. Additionally, the team has set rough eligibility criteria where only 15.2 Million people are eligible for the Catizen airdrop. With this, they have left more than 20 Million with nothing. The number of hours and money the users had spent in the game was the deciding factor.
Biggest #Airdrop SCAM is here: #CatiScam#Catizen Airdrop Supply Promised = 43% Reality = 15%
People spend 1000 hours, What they got? 5 cati – 7 $CATI
What’s going on catizen This is not fair…#Binance #Scamcatizen #Hamster_Kombat #SCAM $HMSTR #Scammers #Yescoin pic.twitter.com/NrI5d9HaPz
— AiB Crypto | 𝕏 (@AibCrypto) September 14, 2024
However, this is an old story, as the main controversy is in the tokens allocation to these eligible candidates. After the official team revealed how much each user would receive, many exposed the unfairness on X. Despite putting in all the hours and filling in eligibility criteria, many will receive the token in one or two digits, which is far below anyone’s expectations.
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 pic.twitter.com/DhuHyg8R0t
— Crypto with Khan ( SFZ ) (@Cryptowithkhan) September 15, 2024
Pluto Studio, the Catizen game developers, have already revealed the reasons behind this, where they had to make changes after discovering how many users used different methods to artificially boost their earnings.
During the data review for this CATI airdrop, we discovered that numerous bot accounts exploited this public rule by using scripts to boost their vKitty profit speed, attempting to gain a disproportionate amount of CATI tokens. In this situation, following the original airdrop criterion would significantly undermine the benefits of genuine players and community supporters!
What To Expect With CATI Airdrop Now?
After multiple delays and the Catizen controversy, the airdrop will finally go live on September 20, where 15% of the total supply will be distributed among $15.2 Million users. At the time of reporting, CATI is valued at around $0.7 on Gate.io, and many analysts have claimed it to rise past the $2 after listing, which might or might not happen after this CATI airdrop controversy.
Additionally, Binance added Catizen as the 59th Project On Launchpool, allowing users to earn the CATI token by locking BNB and FDUSD. For this, the Pluto team has allocated another 90M tokens, as an opportunity to earn more tokens before September 19. Further, the exchange will list the Catizen on 20 in BNB, FDUSD, USDT, and TRY trading pairs. More importantly, this token is to make a debut with a total supply of 1 Billion with 305 Million in circulating supply.
Many other popular crypto exchanges like Bitget, KuCoin, Gate.io, HashKey, and others also support the staking feature. It will allow the users to collect extra tokens other than the Catizen airdrop.
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