Crypto World

Catizen Users anger from the airdrop and Tokonomics CATI; What is the Issue?

Catizen users can see the number of their airdrop tokens from the previous day. However, many of them are unhappy with Tokonomics and the way CATI airdrops are distributed.

Catizen Game published today more information and explanations about Tokonomics and how to distribute its airdrops. As shown in the image below, the total supply of this token reaches 1 billion units. The distribution of these tokens is as follows:

  • Airdrop: 34%
  • Binance Launchpool: 9%
  • Liquidity: 5%
  • Treasury: 15 percent
  • Team members: 20 percent
  • Investors: 10 percent
  • Consultants: 7 percent

At the time of airdrop, 30.5% of Catizen’s supply will be distributed, of which 5% is for liquidity and 9% is for Binance Launchpool. The rest is distributed among users as airdrops. In other words, Catizen distributes half of the airdrop share in his future seasons.

In any case, according to this Tokonomics, even including the share of Binance Launchpool, the share of users is still less than 50% of Catizen’s supply. This issue has caused a lot of criticism and many users believe that Catizen is not as decentralized as it should be.

However, Catizen developers emphasized that the share of team members, advisors and investors will be completely locked for 1 year and then distributed over 12 to 48 months. With this, they tried to prove their commitment to this platform; But this strategy did not make the users satisfied.

Another point is that Catizen has already announced that it distributes its airdrops on a profit basis. However, it seems that in order to prevent users from cheating, instead of profit, it has given more importance to such transactions, tasks and buying and selling FishCoin.

With this Tokenomics, many users received less than 10 CATI tokens. The price of Catizen in the pre-release market is currently $0.7. Usually, the price of digital currencies after being listed in the exchanges is lower than their price in the market before the release. However, even if the price of Catizen reaches 0.7 dollars; Airdrop of many users will be less than 10 dollars.

Note: But the important part of all was that the team was not ment for the users who where playing free. It was for those who invested in the game by purchasing in app tokens.

The free users who played the game for more than 5 months got less or even nothing as per the users who payed in app.

 

 

Mhd Narayan

Bringing over 8 years of expertise in digital marketing, I serve as a news editor dedicated to delivering compelling and informative content. As a seasoned content creator, my goal is to produce engaging news articles that resonate with diverse audiences.

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