🧐 #Binance Launchpool Issue 59 @CatizenAI Project Full Analysis and Estimated Launch Price丨Hurry up and start mining if you haven't!
It's so comfortable to use #BNB as a golden shovel, because the dragon and the phoenix always appear together!
This time, the cat-and-mouse battle is one after the other. You can first deposit BNB in the launchpool to mine the 59th issue of the Telegram cat $CATI (mining from September 16th to 19th, trading starts on the 20th), and then mine the 58th issue $HMSTR hamster (mining from September 23rd to 25th, trading starts on the 26th).
The recent listing situation is almost clear. Binance is going to separate the TON ecosystem tokens into a separate section, and the projects listed are those with low entry barriers that can be "participated for free".
Now the TON ecosystem is completely following an independent track—Play-to-Airdrop and list. After all, which exchange doesn't want such a large flow of traffic? Whoever can grab the traffic will have the power of speech!
Now you can mine Catizen, the mining lasts for a total of 4 days, and you can use BNB, FDUSD to stake and get the token $CATI. This article mainly analyzes the related track and project research, focusing on:
① Why can Catizen stand out?
② Catizen's token model
③ How to estimate the listing price?
④ Binance related research reports
1⃣Catizen——The traffic leader in TG mini-games
Catizen, a cat-themed game robot built on the Telegram mini-program platform, is the leading project in the TON ecosystem's Play to earn series.
In fact, the several game projects currently listed on TON are quite similar, with simple click actions, social tasks, referral systems, and staking gameplay, breaking the circle with "small applications, light interaction", and the effect is significant;
Currently, the Catizen game has attracted more than 37 million players, of which more than 15.2 million players are eligible for airdrops. Based on this objective data, Catizen's path is also very clear—
Joining future Launchpool projects and mini-games to expand gameplay and earning opportunities.
Upgrading to a task platform, equipped with a complete Web3 advertising system to increase user engagement and rewards.
Integrating AI Cat, introducing virtual companions to enhance the community experience.
The future positioning is to take the web3 traffic distribution route, aiming to transform into a comprehensive mini-game and social center.
It's almost the universal route for all lightweight interactive mini-games, following a sustainable IAB+IAP business model. Compared to other similar games, Catizen seems to have a slight advantage:
First, their user quality is relatively high, with over 1.2 million paying users, which is quite rare in Web3 games, especially for games that can be played without spending money.
Second, they have already achieved positive income, with current game revenue exceeding $26 million, which is even rarer…
Third, the release platform has already received funding, and the TON official has also hinted at Catizen several times. With a good number of users and income, they may choose to continue to promote it.
2⃣Catizen's token model
$CATI is Catizen's native utility and governance token, which can be used for the following functions:
① Payment: A universal currency within the Catizen ecosystem, allowing users to purchase in-game items, upgrades, and services.
② Staking: Users can stake $CATI tokens to participate in Catizen's Launchpool platform and receive future airdrops through Open Task.
③ Governance: CATI holders can participate in future governance.
Token name: Catizen ($CATI)
Initial circulation: 305,000,000 $CATI (30.5% of the maximum token supply)
Total supply: 1,000,000,000 $CATI
Binance Launchpool allocation: 90,000,000 $CATI (9% of the total token supply)
3⃣Estimated listing price
If we refer to the two previous projects in the TON ecosystem:
$NOT was listed and reached a market cap of $3 billion, with the current market value close to $800 million.
$DOGS was listed and reached a market cap of $1 billion, with the current market value at $500 million.
$CATI is currently trading at 0.73u pre-market, with a circulating market value of $220 million and a fully diluted valuation of $730 million, which seems relatively reasonable to me.
Given the strong fundamentals of $CATI, assuming the lowest possible price may exceed that of dogs, a price of 1u seems reasonable. If we consider the first listing of $NOT as the upper limit, the reasonable price would fall between 1-3u. There may be a certain meme premium after listing.
4⃣Binance related research report
https://www.binance.com/en/research/projects/catizen
Opening time: September 20, 2024, 18:00
There are two days left, don't forget to deposit BNB, FUSD for mining. Currently, 1.6 million people have participated!
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