With each Catizen and Hamster Kombat lacking their airdrop deadlines, what are the underlying points inflicting these delays?
Currently, there’s been a variety 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 top of the month approaches, neither has delivered on their guarantees, inflicting frustration amongst keen gamers.
Catizen’s creators, Pluto Studio, have brazenly addressed the delay, citing planning challenges.
Equally, the Hamster Kombat group has hinted by social media that their token launch may not 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, quick dramas, and e-commerce.
Catizen boasts over 27 million lively customers worldwide and has dealt with greater than 20 million on-chain transactions so far.
Along with this success, Telegram founder Pavel Durov just lately talked about that Catizen earned $16 million from in-game purchases. Impressively, in addition they donated 1% of this quantity to save lots of homeless cats.
The deliberate airdrop of CATI tokens, which entails distributing 43% of all CATI tokens utilizing the TON blockchain, was eagerly awaited by the Catizen group. Nonetheless, the giveaway has been postponed.
In keeping with Pluto Studio, the developer behind Catizen, a number of challenges have arisen throughout the planning levels. They cited the necessity to optimize key components like securing main exchanges, making certain enough 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 group will obtain 0% of the CATI tokens on the token technology occasion (TGE). As a substitute, there can 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, making certain the long-term worth of the CATI token.
The group at Catizen has requested for endurance and understanding from their group, promising that they’re doing all the pieces potential to ship the anticipated outcomes.
Moreover 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 Folks for the Moral Therapy of Animals (PETA) earlier this month.
This donation was a part of an effort to share a portion of the sport’s earnings with charities serving to stray cats. Nonetheless, PETA’s controversial historical past of euthanizing animals that they deem past assist has induced a backlash.
On July 29, Pluto tweeted that they’d ‘received feedback’ about PETA’s practices and had ‘temporarily suspended’ the collaboration. They clarified that every one Catizen donations to PETA could be used solely for feeding, vaccination, rescue, and adoption help.
In the meantime, Bybit, the world’s second-largest cryptocurrency change by buying and selling quantity, has introduced that it’ll record 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 change, aiming to spice up their startup to the highest of the trade by investing in advertising and marketing, licenses, expertise, new merchandise, and extra.
In just some 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 way in which.
In Might, Hamster Kombat introduced by way of Twitter their resolution to launch their token, HMSTR, on the TON blockchain. Their web site nonetheless signifies a July date for the TGE. Nonetheless, as July involves an finish, the token has but to be launched.
Not too long ago, Hamster Kombat addressed the group by one other tweet, explaining the state of affairs. They highlighted the complexity of the technical job concerned within the airdrop, contemplating the dimensions of Hamster Kombat as one of many greatest tasks within the trade, which might end result 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 consumer development.
Main the way in which 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 simple play mannequin shortly gained recognition, 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 way in which 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 development.
The present development 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.
