Catizen, a widely known tap-to-earn project on Telegram, has been listed in the pre-market section of the Bitget global crypto exchange platform. This initial listing of CATI allows users and potential investors to sell and buy Catizen (CATI) before its official spot trading listings on exchanges.
We have seen the launch of similar Telegram games, such as Notcoin (NOT) and Pixelverse (PIXEL), as well as the upcoming launch of other popular ones like Hamster Kombat, Blum, Tapswap, and Yes Coin. However, Catizen employs slightly different mechanics compared to the continuous tapping required by other games.
Catizen involves swiping to merge cats and increase their level and value, demanding more players’ attention. This makes it feel more like a legitimate game than many other well-known games on Telegram.
Nonetheless, it follows the same concept of accumulating in-game currency, anticipating a substantial payout during an airdrop of on-chain crypto tokens.
Catizen price soars almost 300% on Bitget pre-market
The price of Catizen on Bitget exchange’s pre-market has increased by almost 300% or 3x since its launch on July 24 at 10:00 AM (UTC). Initially trading at $0.24, it surged to 0.43 USDT one hour after the official pre-market listing, moved above $0.5 a few hours later, and hit a high of an average execution price of $0.69 the same day.
Within the past 24 hours, the Bitget dashboard indicates that Catizen’s (CATI) total trading volume has exceeded 120,000 USDT since its launch, with a 0.70 USDT best ask price and 0.60 USDT best bid price. Notably, the exchange imposes a 0.25% maker and taker fee.
The anticipated listing time and price of CATI on global exchanges remain unknown, as indicated by Bitget on the trading page.
Pre-market listings enable traders to buy and sell a token before its official availability for spot trading. This presents an opportunity to invest early, potentially at a reduced price, and take advantage of price fluctuations once the token is fully listed.
New projects such as Catizen, which allows pre-market trading, can create liquidity and raise awareness for the token. Early trading activity can attract more attention and interest from the broader market.
Binance Labs sees potential in Telegram’s Catizen
Another exciting news story is that Binance Labs, the venture capital and incubation arm of the crypto exchange Binance, has invested in Pluto Studio, which is the publisher of the Catizen Telegram game.
The specific amount of the investment has yet to be disclosed, but Binance Labs emphasized that Pluto Studio gained attention in March when it launched its main project, Catizen.
According to Binance’s statement,
Pluto Studio will use this new funding to fuel [the] growth of the platform through supporting the development of the Catizen mini-app and game engine constructions, making it easier for more developers to join the Catizen ecosystem.
Prior to this, Pluto Studio had already completed two funding rounds: a $2.2 million seed round and a $4 million strategic I round, with HashKey Capital and The Open Platform (TOP) being among the investors in the strategic I round.
HashKey Capital and TOP revealed last week that they had invested in Pluto Studio, although they did not also disclose the amount.
Catizen AI was launched in January 2024 on The Open Network, TON, Telegram’s Web3 ecosystem. The game has been very successful since then. According to the company, it has attracted 23 million players and 1.3 million participants with on-chain activity since January.
