3 TON blockchain airdrops to watch in September
The TON (CRYPTO:TON) blockchain, known for its integration of tap-to-earn games within Telegram mini apps, is drawing significant attention in the crypto space.
As more projects leverage Telegram’s vast user base, several upcoming token generation events (TGEs) and airdrops in September are set to attract digital asset enthusiasts.
The first airdrop to watch is from Catizen.
Scheduled for September 20, the CATI token will be listed on multiple major exchanges, including OKX, KuCoin, Bybit, and Gate.io.
Launched six months ago, Catizen has already amassed 34 million players, with over two million active on-chain participants.
The project reports an average revenue per paying user of $33 among its 800,000 paying users.
Following Catizen is Hamster Kombat (CRYPTO:HMSTR), another tap-to-earn game set to have its TGE and airdrop on September 26.
The HMSTR token will be listed on exchanges such as Bitfinex, Bybit, and OKX.
Despite the anticipation, the community has raised concerns about the airdrop's unclear eligibility criteria.
There are calls for the project team to provide more details on the distribution process to ensure transparency.
"The community is eager to participate, but the constant introduction of new games and features has caused confusion and overwhelm," noted one user.
Lastly, the CATS project is preparing for its TGE and airdrop in September, although the exact date remains unspecified.
The project aims to reward Telegram users based on account age and activity level.
Over 20 million users are eligible, with the airdrop distribution varying according to usage stats.
A dedicated bot evaluates users' Telegram activity, and additional tasks, like referrals, allow for more token earnings.
While excitement around these airdrops grows, participants should be cautious of potential price volatility following the listings.
Past airdrops, like the DOGS (CRYPTO:DOGS) event, saw significant price drops as recipients sold their tokens.
DOGS, for example, fell over 25% after its listing, also leading to two outages on the TON blockchain due to the surge in activity.
These airdrops present opportunities for participants, but careful consideration of market dynamics is crucial to navigating the potential volatility ahead.
At the time of reporting, the Toncoin (TON) price was $5.50.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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