As an analyst with years of experience in the dynamic world of cryptocurrencies, I must admit that the recent move by Simon’s Cat to collaborate with Floki is a strategic masterstroke. The 20% airdrop of $CAT tokens to Floki holders and stakers, distributed across multiple platforms and criteria, not only rewards loyal community members but also opens up new avenues for engagement.
Simon’s Cat, the newly minted token on TokenFi in the blockchain realm, has just declared an impressive airdrop aimed at the Floki community, earmarking a full 20% from the total supply of $CAT tokens.
As a seasoned crypto investor with years of experience under my belt, I have come to appreciate initiatives like this one that prioritize their community members. Having witnessed numerous projects fail due to a lack of incentives for long-term holders and stakers, it’s refreshing to see an initiative that rewards its loyal followers with a generous share of $CAT tokens. The fact that these tokens are being distributed across multiple platforms and through diverse criteria speaks volumes about the commitment to inclusivity and fairness. This move not only motivates me as an investor but also strengthens my belief in the potential of this project, making it easier for me to envision a prosperous future with Floki Finance.
Binance will manage the distribution of Cat-tokens ($CAT) to eligible Floki owners. The specifics, including qualification rules for this giveaway, are explained in an official Binance announcement. If you own Floki on Binance, you can anticipate receiving a share of the $CAT tokens according to your Floki holdings.
3.5% of Simon’s Cat’s total token supply, which amounts to 315 billion $CAT tokens, has been reserved for an on-chain airdrop aimed at FLOKI token holders. However, to qualify for this airdrop, individuals must own a minimum of 400,000 FLOKI tokens before the final snapshot scheduled for August 29, 2024.
People who meet the criteria and own FLOKI tokens in the Ethereum network will continue to receive $CAT tokens on the Binance Smart Chain, with the distribution reflecting the amount of FLOKI tokens owned on the blockchain.
Users of the Floki Trading Bot stand to receive a portion of the total $CAT supply as an added benefit, on top of the on-chain airdrop. This bonus allocation is intended for those who trade $CAT using the bot and will be distributed over a period of 30 days. The team behind Simon’s Cat has promised to provide more details about this distribution in a dedicated post.
The Simon’s Cat crew is now working out the specifics for an airdrop with some prominent centralized cryptocurrency exchanges. We’ll keep you updated when the plans are solidified and more details become available.
There are going to be two instances where the on-chain distribution of FLOKI tokens is recorded: the first one at 12:00:00 UTC, August 22, 2024, and the second one at 23:59:59 UTC, August 29, 2024. The distribution of CAT tokens will be determined by the amount of FLOKI tokens you have at the time of the final snapshot on August 29.
As a long-time crypto enthusiast with years of experience under my belt, I can confidently say that this airdrop presents an exceptional opportunity for the Floki community to engage with the brand new $CAT token. Being in the crypto world for quite some time now, I’ve learned that such events can bring significant benefits for those who act quickly and take advantage of them. With my existing FLOKI holdings, I’m eagerly anticipating this airdrop and am excited to see what Simon’s Cat and Floki have in store for us next. So, stay tuned and keep your eyes peeled for further updates!
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2024-08-20 19:16