To celebrate the launch of their native Citizen Token, Citizen will be running an airdrop event, giving away $500-worth of tokens to 10 people, with a further 990 people each receiving $15-worth.
London-based fintech, Citizen, has launched its native token (CTZN). By connecting DeFi to eCommerce, their new token will underpin their rewards ecosystem – seeing their users ‘earn when they spend, and when they don’t’.The company will celebrate their new token with an airdrop later this week in partnership with Polygon.
Citizen’s beta launch date is scheduled for November 2022, and the company has further activities planned where their followers can either win more CTZN or benefit in other forms.
What is the Citizen app?
Citizen is the intersection where DeFi and eCommerce meet.
The Citizen app allows users to earn 15% instant cashback in Citizen Tokens and a recurring passive income via their quarterly performance bonus mechanism. Further tokens can be earned by simply selecting to pay with Citizen’s cardless payments at checkout.
Citizen’s innovative payment infrastructure utilises both fiat and stablecoins, with future product releases enabling users to generate a yield on balances.
Over 300 major brands have already registered, and will be available in Citizen’s merchant directory online and on its app at Go Live.
“We’re incredibly excited about launching our token because of the potential that it holds,” says Citizen CEO, James Neville. “We’ve been quietly building the Citizen Token ecosystem for the past 10-12 months, and we’re now in a position where we’re finally able to start sharing it with our community. By utilizing DeFi we’re enabling shoppers to earn instant cashback plus a yield on their balances – while merchants benefit from lower transaction fees through Citizen’s cutting-edge payment technology that displaces merchants’ legacy card infrastructure. Our token economics are such that we’re enabling shoppers to earn rewards 10x greater for the same spend when compared to Avios or American Express – an increase significant enough to make consumers think about how they pay, and start exploring the world of crypto.”
When is the Citizen Token Airdrop Event?
To celebrate the launch of their native Citizen Token, Citizen will be holding an airdrop event with a Citizen Tokens (CTZNs) prize pool worth the equivalent of USD 20,000. The prize draw will select the winners at random and breaks the prize pool into two tiers. 10 lucky winners will win $500 tokens with the remaining 990 winners receiving $15 worth of CTZNs.
Citizen plan on launching their airdrop on Friday 2nd September 2022 10:00 AM BST, running for a total of 11 days and ending on 12th September at 11.59 PM BST.
Participants are able to join the airdrop directly via their Gleam page: https://gleam.io/PSq5q/citizen-token-airdrop
And for the latest updates regarding the project and further possible airdrop activity, follow Citizen via their telegram group: https://t.me/citizentokengroup
For more information regarding the airdrop or if you require any further quotes, data or full company statements, please contact Heshaam Hague:
- Email – heshaam@paywithcitizen.com
- DD – (+44)7590043633
About Citizen:
Citizen is a London-based fintech, founded by former Worldpay CTO, James Neville. The company has positioned itself to be the connecting link between DeFi and eCommerce, and its innovative payment technology enables their users to ‘earn when they spend, and when they don’t’. Citizen is backed by some of the world’s top DeFi investment firms including Fin Capital, SGH Capital, Consilience Ventures and Metavallon. To find out more, please visit: www.citizentoken.io
