The Letter From Tim Wong, Chairman of Catizen Foundation

✉️ Dear @CatizenAI Community Members,

Today, we have reached an important milestone - the CATI token airdrop day!
I am very excited to witness this historic moment with you all.
Each CATI token symbolizes your governance rights in the Catizen ecosystem. It is not just a token; it represents the consensus and trust of the community, which is the core spirit of Web3.

Lots of community members are asking about Airdrop Allocation, here’s the reply -> 43% airdrop = 34% Airdrop to Community + 9% Binance Launchpool.

🪙 CATI, as the governance token of the Catizen ecosystem, has a total supply of 1 billion, which will never be increased.

The releasing schedule and economic models:

✅ Airdrop and Ecosystem 43%
- Airdrop 34%
15% TGE 100%, for Season 1 Player Reward.
19% TGE 0%, For the remaining portion of airdrop, it will be used for quarterly season airdrop campaign, rewarding players in future seasons. 9,900,000 tokens (0.99%) will be airdropped in the beginning of second quarter. This figure will increase by 10% every quarter until the 7th quarter, after which the release is linear. The entire airdrop process will be completed within 12 quarters following the TGE.
- Launchpool 9%, TGE 100%

✅ Liquidity 5%, TGE 100%
✅ Treasury 15%, TGE 10%, 12-month cliff, 48-month linear release
✅ Team 20%, TGE 0%, 12-month cliff, 48-month linear release
✅ Investors 10%, TGE 0%, 12-month cliff, 48-month linear release
✅ Advisors 7%, TGE 0%, 12-month l cliff, 48-month linear release

According to this model, during the TGE phase, we will release 30.5% of the total supply, with the player airdrop part being 15%, accounting for 50% of the initial total supply. The remaining 50% will be used for Launchpool (9%), liquidity (5%), and treasury (1.5%). This ensures sufficient initial circulation but also allows continuous momentum in the long-term development of the ecosystem.

To demonstrate our sincerity, we would like to emphasize that our team, investors, and advisors have 0% token allocation at TGE, with a 12-month lock-up period and a 48-month vesting schedule. This fully reflects our confidence in the long-term development of the Catizen ecosystem, ensuring that within the first year, only players will be able to hold and trade CATI tokens.

While 50% of the foundation's revenue will be used for repurchasing and burning of CATI from time to time to decrease the total supply for CATI by up to 50%.🔥

Catizen users have already enjoyed multiple opportunities for value returns, including the ongoing million-dollar Stake to Earn event. Such opportunities to give back to the community will only increase in the future, long-term, sustainable benefits are key factors for the mutual growth of the Catizen ecosystem and our community.❤️

The Catizen mini-game platform is just the beginning. We will continue to cultivate the Telegram Miniapp ecosystem, working with the community to deliver thousands of top-tier mini-games and other rich content, such as short dramas and e-commerce, as we jointly build a grand Web3 entertainment empire!

Thank you for your support, and let’s continue this journey together! 😽

*corrected typo