Mantle’s flagship sport, Catizen, formally launched its token, $CATI, on a number of exchanges at the moment, together with Binance, OKX, Bybit, Gate.io, and Bitget. As probably the most worthwhile mini-game on Telegram, Catizen seamlessly integrates Telegram with The Open Community / TON (L1) and Mantle Community (L2). $CATI, because the common token of the Catizen ecosystem, is issued on each the TON and Mantle. It may be used within the mini-app middle and open duties, offering customers with the chance to take part within the Launchpool “Stake to Earn,” additional selling the event of all the gaming ecosystem.
The $CATI token will exist in a parallel relationship on TON and Mantle, with a most provide of 1 billion tokens on every. Nonetheless, the precise whole provide will stay at 1 billion throughout the 2 blockchains via a locking mechanism. Presently, cross-chain transfers of $CATI will be finished via Bybit trade. The stability between the 2 chains is maintained via mutual locking contracts. For instance, if Catizen airdrops 10 million $CATI to Mantle sport customers, 990 million $CATI of the 1 billion on Mantle Community will enter the locking contract, whereas 10 million $CATI of the 1 billion on TON will enter the locking contract to make sure that the full circulation on each chains stays capped at 1 billion.
Since receiving Mantle EcoFund’s main funding in February 2023, Catizen, developed by Pluto Studio, has skyrocketed in reputation, turning into probably the most profitable blockchain video games globally, with over 36 million gamers. Catizen’s success will be mirrored within the following spectacular metrics:
- Over $30 million in income generated inside simply 6 months
- Over 7 million Each day Energetic Customers (DAU)
- 3 million on-chain customers, with over 600,000 on the Mantle blockchain
- Over 1 million paying customers, with an Common Income per Paying Consumer (ARPPU) of $27, totaling $27 million in income
- Greater than 1 million MNT and 40 million $FISH tokens distributed as rewards completely to Mantle Catizen customers
- Excessive-quality transactions: customers bind wallets, signal contracts, and pay fuel charges in MNT or TON for every transaction. Greater than half of the wallets maintain no less than $10 or extra in property
By offering unique advantages via the Mantle and TON, Catizen has demonstrated its unparalleled skill to onboard customers into Web3 on a large scale, main the subsequent wave of Web3 gaming economies.
About Mantle
Mantle Ecosystem (https://www.mantle.xyz/) includes an Ethereum layer 2 (L2) — Mantle Community, a decentralized autonomous group (DAO) — Mantle Governance, one of many largest on-chain treasuries — Mantle Treasury, and an Ether (ETH) liquid staking protocol — Mantle LSP: all constructed on Ethereum. Mantle token ($MNT) is the unified product and governance token of the ecosystem.
Mantle’s first core product is Mantle Community, an Ethereum L2. Mantle Community strives to be appropriate with the Ethereum Digital Machine (EVM). Mantle Community’s modular structure separates transaction execution, knowledge availability, and transaction finality into modules — which will be individually upgraded and undertake the newest improvements. Mantle Community is the primary L2 to companion with ETH restaking protocol EigenLayer for the information availability module. By adopting a rollup structure, Mantle Community is secured by Ethereum. Because the world’s first DAO-spawned L2, Mantle Community is pioneering a imaginative and prescient for the mass adoption of token-governed applied sciences. The present mainnet model, Mantle Community Mainnet v2 Tectonic (Mantle v2 Tectonic), went stay on March 15, 2024.
Mantle Community’s infrastructure is meticulously designed to deal with the calls for of the web3 gaming stack, enabling the creation of a linked and expansive gaming universe the place property have actual worth past a single sport’s ecosystem. Intently intertwined with Mantle initiatives akin to Hyperplay, Mantle Community’s ecosystem of experience and assets facilitates a streamlined course of for builders to construct and deploy their gaming tasks.
To help the next-generation of innovators, builders, and builders, Mantle is rising its ecosystem through Mantle Grants Program and Mantle EcoFund, a catalyzed capital pool of $200M. Mantle’s Showcase Apps program lends extra help and publicity to ecosystem tasks in classes akin to actual world property (RWA).
About Catizen
Catizen is a revolutionary gaming bot on Telegram that seamlessly integrates the messaging app Telegram with a number of blockchains, together with TON and Mantle Community. It redefines Internet 3.0 experiences by enabling cell funds with each crypto currencies and fiat currencies. By tapping into Telegram’s huge consumer base, Catizen goals to create a Internet 3.0 visitors hub on an unprecedented scale.
Moreover, Catizen is evolving right into a Mini-app Middle, integrating options from launchpool platforms, akin to early entry to new tasks, token-based actions, transaction capabilities, together with brief movies and e-commerce functionalities. This modern method will entice and have interaction customers via gamification and strategic Play-to-Airdrop initiatives, remodeling how customers entry and have interaction with the Internet 3.0 ecosystem.
This text was written by FM Contributors at www.financemagnates.com.
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