The team behind Catizen, a Telegram-based puzzle game, had initially planned to launch their CATI crypto token in July. However, as the end of the month approached, they announced that the token launch would be delayed. The team acknowledged the frustration of the community of players and explained that they encountered challenges during the planning process. Although no new launch target has been set for the token, the team at Pluto Studio assured players that they are working to ensure the best possible outcome for the CATI token and its long-term development and sustainability.
Pluto Studio highlighted the key elements they are focusing on to ensure a successful listing for the CATI token, including securing leading exchanges, ensuring sufficient liquidity, providing trading options, and determining the listing price. The team also mentioned that they must take into account factors such as compliance and market sentiment, which are not entirely within their control. They emphasized the importance of optimizing these aspects to support the growth of the CATI token.
In a tweet, Catizen reassured the community that the recent changes within the game will benefit players in the long run and welcomed feedback from users. They also announced that team members, seed round investors, and advisors will have restricted access to tokens until 12 months after the launch, with vesting to occur gradually over the following 48 months. Pluto Studio recently secured strategic funding from Binance Labs and The Open Platform (TOP) and reached 25 million Catizen players, making it one of the leading crypto games on Telegram.
Apart from the delayed token launch, Pluto Studio faced criticism for its $100,000 donation to animal rights nonprofit People for the Ethical Treatment of Animals (PETA). Following feedback from players about PETA’s practice of euthanizing animals, Pluto temporarily suspended its collaboration with the organization. The studio ensured that all donations from Catizen will be used for the benefit of stray cats, and they will monitor how PETA uses the funds. Pluto also expressed intentions to seek feedback from players on alternative organizations for future donations.
Catizen’s token delay coincided with a similar announcement from Hamster Kombat, another prominent Telegram tap-to-earn game, regarding a delay in its token launch target. The Hamster Kombat team shared plans for pre-market trading on OKX starting on August 1. These developments in the crypto gaming space highlight the challenges and complexities involved in launching tokens and managing community expectations. As Pluto Studio continues to navigate these issues, they remain committed to ensuring the success and sustainability of the CATI token and the Catizen game.
