The countdown has begun for Catizen users, with only 24 hours left before the Token Generation Event (TGE) ends! Users are urged to deposit their CATI tokens into centralized exchanges (CEXs) before the cut-off deadline. The opportunity comes with a significant incentive – depositors stand a chance to share a massive prize pool of 1 million CATI tokens.
The deadline for the exchange is set to be on September 18, 2024, 8:00 AM UTC. After this, the deposit will be temporarily suspended. Users that want to participate in trading after TGE, will need to ensure their CATI tokens are already on CEXs as the spot trading is scheduled to commence on September 20, 2024, at 10:00 AM UTC.
Details From Catizen
With this TGE, there are more exciting opportunities for the participants if the CATI tokens are transferred to CEXs before the deadline. The CATI token holders will be eligible to participate in a 1,000,000 CATI prize pool. The prize will be distributed among 200,000 winners, with each lucky participant receiving 5 CATI tokens.
🪂 Hey Catizens! Last 24H to Deposit your CATI to CEXs before TGE! Deposit to CEXs and share 🪙 1,000,000 CATI prize pool!
🗓️ Deposit CATI to the Exchanges will be suspended on Sep 18th 8AM UTC.
Now Deposit your CATI to CEXs, that is, there is a chance to Share 1,000,000 CATI… pic.twitter.com/nEb1Cn3QM3— Catizen (@CatizenAI) September 17, 2024
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As this is one of the most anticipated moments in the CATI ecosystem, this could lead to a price movement and heightened trading activity as the token becomes available for public trading.
Additionally, for users who are using Binance as their CEX, with the latest update, UID verification will no longer be required to deposit CATI. To complete the transaction, the user would just need the address and the MEMO. This simplified process is bound to attract more users to participate in the event.
The question that has been revolving within the community is whether this event will be able to redeem the recent airdrop mishap. The sudden last-minute changes to token allocation left users receiving significantly fewer tokens than expected, sparking feelings of betrayal among the community members. Will this event restore user satisfaction this time around? Only time will tell.
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