Catizen

Pluto Studio Limited opened Catizen’s beta on March 19, 2024. David Mak and Ricky Wong are named as co-founders, while the game used Telegram to avoid a separate download and placed wallet activity beside the merge loop. CATI did not yet exist as a transferable reward.

The distinction matters. vKitty, FishCoin and other game measures tracked play or purchases; they were not shares in Pluto and did not automatically mint CATI. Binance Labs invested in Pluto in July, an investment in the publisher rather than a purchase of rights for future CATI holders.

A public poll closed on June 13 with vKitty speed chosen as the main airdrop criterion. Players could therefore adjust their time and spending around a rule that appeared settled.

On September 14, after allocation results drew questions, the team said scripts had exploited the visible metric. It explained that the final calculation reduced vKitty’s weight and emphasized on-chain interaction, tasks and FishCoin use. The anti-bot rationale may have been real, but players who followed the poll bore the cost of the change. Distribution and trading followed on September 20; The Block recorded complaints about both weighting and allocation.

The September 20 launch did not release the whole billion. Season 1 players received a scheduled 150 million CATI, Binance Launchpool received 90 million, liquidity 50 million and treasury 15 million. The remaining community airdrop was set to unfold quarterly.

Team, investor and adviser tranches began with zero unlock and a twelve-month cliff before forty-eight months of linear release. These clocks limit immediate insider liquidity, but the legal paper also says allocation intentions are not technically fixed and wallet assignments may not always be independently verified.

Catizen Limited is the disclosed issuer. The canonical nine-decimal Jetton lives on TON, and the project documents a bridge lock account plus a Mantle contract. That creates one intended cross-chain supply, although the reviewed evidence is not an independent reconciliation of the bridge.

The live record stores the zero address as master administrator and reports mintable=true. Those fields are not competing authorities: the audited published source hard-codes -1 in the getter, which TonAPI renders as true, while the mint branch separately requires the message sender to equal the stored administrator. With no usable administrator visible, the flag alone does not show that the issuer or another ordinary account can mint. The bridge remains a separate supply-control boundary.

The organization page still says a TON Vote system would begin within twelve months after TGE and lists thresholds, a seven-day vote and a two-day timelock. That deadline passed in September 2025, but the reviewed official material did not identify a live Catizen proposal portal or proposal history. The foundation remains assigned operational work over issuance resources, game-centre agreements and airdrops in the published design.

The issuer-authored MiCA paper, which states that no competent EU authority approved it, draws the harder boundary: token participation does not govern Catizen Limited or create equity, dividends, profit claims, redemption or contractual rights. Terms also let the publisher control service access and exclude listed jurisdictions, including South Korea. A transferable token and permission to use the game are separate things.