Cash News
An artificial intelligence (AI)-based, cat-themed gaming altcoin is reaching new all-time highs after being abruptly listed by the world’s largest crypto exchange platform by volume.
In a new announcement, crypto exchange Binance says that it will be adding Catizen (CATI) to its suite of products starting on September 20th.
“Binance is excited to announce that Catizen will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin and Binance Auto-Invest.”
Catizen is a play-to-earn, The Open Network (TON)-based blockchain game launched in March that allows users to take on the role of a town’s mayor, managing an entire virtual city of felines to earn rewards.
TON is a layer-1 blockchain that used to be operated by the prominent messaging app Telegram. It has since been under the leadership of an independent network of developers.
According to data from the crypto exchange KuCoin, Catizen has over 34 million users, 3.5 million daily active users, and an Average Revenue Per Paying User (ARPPU) of $33 across 800,000 paying gamers.
KuCoin says that the game’s popularity can be attributed to Telegram’s high user base and the popularity of other blockchain-based games, such as Notcoin (NOT).
“With nearly 1 billion users interacting with Telegram bots and mini-apps monthly, Catizen benefits from Telegram’s extensive user base and features that support secure, decentralized transactions.
Additionally, the explosion of other Telegram games like Notcoin, TapSwap, and Hamster Kombat have also helped drive up interest in the Catizen game.”
News of the listing sent CATI flying, as the digital asset is trading for $0.988 at time of writing, a 9.5% increase during the last 24 hours. The gaming altcoin reached an all-time high of $1.11 earlier today.
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Featured Image: Shutterstock/jovan vitanovski