The post Catizen Unveils Innovative Dual Chain Token Strategy and Airdrop for $CATI appeared on BitcoinEthereumNews.com.

Catizen, the popular mini-game on Telegram, has announced its strategy for deploying the $CATI token across leading blockchain networks: The Open Network (TON) and Mantle Network. This strategic decision aims to provide users with seamless access to the Catizen ecosystem while ensuring the stability and sustainability of the $CATI token supply. Hey, Catizens Here’s how we manage $CATI token deployment between TON and Mantle Network: The $CATI token was issued primarily on the TON blockchain as a Jetton token, with maximum supply in circulation of CATI tokens across all chains capped at 1 billion. ✅ The TON CATI… pic.twitter.com/Bnu790TpMz — Catizen (@CatizenAI) September 27, 2024 Catizen’s Seamless Bridging The $CATI token, which serves as the universal currency within the $CATI universe, has been primarily issued on the TON blockchain as a Jetton token. However, to further expand the game’s reach and integration, it has now enabled users to bridge their $CATI tokens from TON to Mantle Network via the Bybit exchange. This process allows users to deposit their $CATI tokens from the TON blockchain to Bybit and then withdraw them to the Mantle Network. To maintain a balanced token distribution and prevent inflationary concerns, the game has implemented a unique locking mechanism. The total maximum supply of $CATI token across all chains is capped at 1 billion. When users bridge their tokens from TON to Mantle Network, an equivalent amount of $CATI tokens is locked in the TON CATI Bridge address. Similarly, when  tokens are bridged back from Mantle Network to TON, they are locked in the Mantle CATI Bridge address. This innovative approach ensures that the total circulation of $CATI token remains stable and aligned with the project’s vision, even as the token expands across multiple blockchains. Airdrop Anticipation The dual-chain strategy has been well-received by the community, with…

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Filed under: News - @ September 27, 2024 4:29 pm