With each Catizen and Hamster Kombat lacking their airdrop deadlines, what are the underlying points inflicting these delays?
Currently, there’s been loads of buzz within the Telegram gaming group about two extremely anticipated token airdrops: CATI from the puzzle sport Catizen and HMSTR from the viral tap-to-earn sport (T2E) Hamster Kombat.
Each had been set to launch their tokens on The Open Community (TON) in July. As the tip of the month approaches, neither has delivered on their guarantees, inflicting frustration amongst keen gamers.
Catizen’s creators, Pluto Studio, have overtly addressed the delay, citing planning challenges.
Equally, the Hamster Kombat workforce has hinted by way of social media that their token launch won’t occur this month both, regardless of their web site nonetheless itemizing July because the goal date.
Let’s perceive what has occurred and why there are delays.
Why Catizen’s airdrop is on pause
Catizen is a web3 social leisure platform on Telegram, aiming to create a decentralized app that integrates mini-games, brief dramas, and e-commerce.
Catizen boasts over 27 million lively customers worldwide and has dealt with greater than 20 million on-chain transactions thus far.
Along with this success, Telegram founder Pavel Durov lately talked about that Catizen earned $16 million from in-game purchases. Impressively, additionally they donated 1% of this quantity to avoid wasting homeless cats.
The deliberate airdrop of CATI tokens, which includes distributing 43% of all CATI tokens utilizing the TON blockchain, was eagerly awaited by the Catizen group. Nevertheless, the giveaway has been postponed.
In response to Pluto Studio, the developer behind Catizen, a number of challenges have arisen throughout the planning phases. They cited the necessity to optimize key components like securing main exchanges, guaranteeing adequate liquidity, and figuring out the itemizing value. Compliance and market sentiment have additionally performed a job on this delay.
Pluto Studio additionally revealed that seed spherical traders, advisors, and the workforce will obtain 0% of the CATI tokens on the token technology occasion (TGE). As a substitute, there shall be a 12-month cliff interval adopted by a 4-year vesting schedule. This technique is designed to align the pursuits of the builders and the group, guaranteeing the long-term worth of the CATI token.
The workforce at Catizen has requested for endurance and understanding from their group, promising that they’re doing all the things doable to ship the anticipated outcomes.
Apart from the delay in launching their token, Pluto Studio has additionally confronted participant frustration on account of a $100,000 donation they made to the animal rights nonprofit Individuals for the Moral Remedy of Animals (PETA) earlier this month.
This donation was a part of an effort to share a portion of the sport’s income with charities serving to stray cats. Nevertheless, PETA’s controversial historical past of euthanizing animals that they deem past assist has brought on a backlash.
On July 29, Pluto tweeted that they’d ‘acquired suggestions’ about PETA’s practices and had ‘quickly suspended’ the collaboration. They clarified that each one Catizen donations to PETA can be used solely for feeding, vaccination, rescue, and adoption help.
In the meantime, Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, has introduced that it’s going to checklist the CATI token on its pre-market buying and selling platform on July 30.
Hamster Kombat’s airdrop delay
Hamster Kombat is a well-liked sport constructed inside the messaging platform Telegram. In Hamster Kombat, gamers act because the hamster CEO of a fictional crypto alternate, aiming to spice up their startup to the highest of the trade by investing in advertising, licenses, expertise, new merchandise, and extra.
In only a few months, Hamster Kombat has amassed over 250 million gamers, making it a key participant within the Telegram gaming group, though it has drawn criticism from authorities officers alongside the best way.
In Might, Hamster Kombat introduced through Twitter their choice to launch their token, HMSTR, on the TON blockchain. Their web site nonetheless signifies a July date for the TGE. Nevertheless, as July involves an finish, the token has but to be launched.
Not too long ago, Hamster Kombat addressed the group by way of one other tweet, explaining the scenario. They highlighted the complexity of the technical activity concerned within the airdrop, contemplating the size of Hamster Kombat as one of many greatest tasks within the trade, which may outcome within the largest airdrop in historical past.
They assured gamers that they’re actively working to make the airdrop occur easily, addressing potential community overload points to make sure that each participant receives their tokens.
The rise of Telegram-based crypto video games in 2024
The 12 months 2024 has been extremely favorable for Telegram-based crypto video games, which have seen heightened curiosity and large person progress.
Main the best way is Notcoin (NOT), a sport launched by Open Builders in early 2024. Notcoin’s success lies in its easy and fascinating T2E mechanism, permitting customers to earn cryptocurrency with ease.
Notcoin’s easy play mannequin shortly gained reputation, propelling it into the highest 100 cash by market cap. As of July 30, it ranks 63rd with a market cap of over $1.3 billion.
The success of Notcoin has additionally paved the best way for different Telegram-based video games like Hamster Kombat and Catizen, leveraging the recognition of the TON blockchain.
Different tasks, reminiscent of YesCoin (YES) and TapSwap (TAPS), have additionally seen a surge in utilization and recognition, contributing to the general pattern.
The present pattern of heightened curiosity in Telegram-based crypto video games means that the street is ready for Hamster Kombat and Catizen to launch their airdrops efficiently.
