An artificial intelligence (AI)-based cat-themed gaming altcoin is hitting 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 say that it will add Catizen (CATI) to its product range from September 20.
“Binance is pleased 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 lets users take on the role of mayor of a city and manage an entire virtual city full of felines to earn rewards to earn.
TON is a layer 1 blockchain formerly operated by the prominent messaging app Telegram. Since then, it has been led by an independent network of developers.
According to facts 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 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 every month, Catizen benefits from Telegram’s extensive user base and features that support secure, decentralized transactions.
Additionally, the explosion of other Telegram games such as Notcoin, TapSwap and Hamster Kombat has also helped increase interest in the Catizen game.”
News of the listing sent CATI flying, as the digital asset is trading at $0.988 at the time of writing, up 9.5% over the past 24 hours. The gaming altcoin hit an all-time high of $1.11 earlier today.
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Featured image: Shutterstock/jovan vitanovski