As a seasoned researcher with years of experience navigating the dynamic landscape of cryptocurrencies, I find the upcoming Wise Monkey airdrop on Binance an intriguing development. The collaboration between Floki, the Ape Accelerator, and other blockchain entities is reminiscent of a modern-day treasure hunt, with participants digging for their shares of the elusive MONKY tokens.
Binance announced intentions to facilitate the upcoming distribution of Wise Monkey tokens, an event aimed at recognizing owners of ApeCoin and Floki.
This initiative, aimed at dispensing segments of the Wise Monkey (MONKY) stock, is a joint venture between Floki, the Ape Accelerator, and other prominent blockchain companies, all working together to inject fresh momentum into the cryptocurrency marketplace.
As per Binance’s announcement, the airdrop eligibility is based on wallet snapshots taken at specific times. The snapshot for ApeCoin (APE) holders was captured on November 29 at 12:00 a.m. UTC, while Floki (FLOKI) holders will have their snapshot taken on December 15, also at 12:00 a.m. UTC.
Binance has announced that the distribution of tokens will adhere to a particular ratio. Specifically, for every single FLOKI token owned, a market participant will be granted 0.35 MONKY tokens. On the other hand, one APE token is equivalent to receiving 804,828 MONKY tokens.
In order to be eligible for the airdrop, it’s essential that users possess a minimum of either 1 FLOKI token or 1 APE token. Any quantities less than these requirements, whether they’re in trades, withdrawals, or deposits during the time when the snapshot is taken, will not be considered.
The exchange stressed that eligible balances include holdings in Binance funding and spot wallets, as well as certain flexible accounts like Simple Earn. However, liabilities in margin accounts and borrowed tokens are ineligible.
Wise Monkey airdrop
As an analyst, I’m excited to share that the upcoming cryptocurrency I’m closely watching, the Wise Monkey token, draws its concept from the age-old proverb “See No Evil, Hear No Evil, Speak No Evil.” In the coming weeks, this meme coin will make its debut on the Binance Smart Chain.
As an analyst, I’m excited to share that Floki and Ape holders have a significant opportunity coming their way. This project intends to distribute a substantial portion of its total supply. Specifically, 35% is earmarked for the Floki community. Out of this, approximately 27% will be distributed among holdings on centralized exchanges and those on the blockchain. On the other hand, a generous 10% of the total supply is reserved for Ape holders.
Binance’s latest decision follows a similar path taken by OKX, Uphold, and KuCoin. Although the MONKY token distribution has been confirmed, its availability for trading on Binance is contingent upon their thorough evaluation procedure, and there are no assurances provided.
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2024-12-02 12:18