HashKey Group and Catizen Partner Up for Exclusive Airdrop Event

ChainPlay

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5 months ago

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Catizen, a feline-themed game on Telegram, has announced a new partnership with the HashKey Group. This collaboration is expected to bring an airdrop to players. Catizen is part of a growing list of tap-to-earn games, alongside competitors like Hamster Kombat and Notcoin. The game operates on The Open Network (TON) and boasts an impressive user base of 26 million, according to its developer, Pluto Studio.

HashKey Group's Role

HashKey Group, a digital assets firm based in Hong Kong, is joining forces with Catizen to enhance Web3 gaming experiences. The group plans to use the TON ecosystem to offer unique experiences in digital finance. They also aim to launch a joint HSK airdrop campaign, and work on initiatives related to animal protection and social responsibility. However, details on when the airdrop will occur and its terms are yet to be revealed.

Source: X

Delay in CATI Token Launch

This announcement follows a delay in Pluto Studio's plans to release its CATI token, originally set for late July. The studio cited various issues, including ensuring sufficient liquidity, providing trading options, and compliance with regulations. They also mentioned market sentiment as a factor affecting the delay. As a result, Catizen players currently cannot receive crypto for the credits they earn in the game.

The delay in launching the CATI token affects Catizen players, who are unable to exchange their in-game credits for crypto. Other tap-to-earn games, such Hamster Kombat, are experiencing similar delays in airdrop schedules. The broader crypto market has also experienced volatility, with the total market capitalization of cryptocurrencies falling by 3.3% recently.

Source: X

This collaboration with Catizen is part of HashKey Group's continued support of the TON ecosystem. In April, HashKey collaborated with the TON Foundation to enhance on-and-off ramp services in the Asia-Pacific region and explore new ways to support early-stage projects within the ecosystem.

Support from Binance Labs

Pluto Studio has also gained support from other major players in the industry. In July, the studio secured strategic funding from Binance Labs, although the amount was not disclosed. This additional backing underscores the growing interest in Catizen and its associated projects.

According to CoinGecko, TON's price jumped by 3.2% after the agreement was announced, reaching $6.80. This increase contrasts with the overall fall in the entire market value of cryptocurrencies, which declined by 3.3% over the same period.