Binance, one of the world's leading cryptocurrency exchanges, has announced its involvement in the upcoming Wise Monkey ($MONKY) token airdrop. This initiative aims to reward holders of FLOKI and ApeCoin (APE) tokens, distributing a total of 2.7 trillion MONKY tokens. The move highlights Binance's commitment to fostering engagement within the crypto ecosystem through innovative reward mechanisms.
Airdrop Details for $FLOKI Holders
The MONKY airdrop for FLOKI holders will commence on December 15, 2024, with a distribution rate of 0.35 MONKY tokens per FLOKI token. Eligible participants include:
On-chain FLOKI holders,
Users utilizing the Floki Trading Bot,
Holders of specific tokens within the FLOKI ecosystem.
The airdrop will allocate 2.7 trillion MONKY tokens, with Binance managing the technical logistics. FLOKI token holders must meet specific criteria, including:
A minimum balance of 1 FLOKI,
Completion of KYC verification,
Residency in eligible jurisdictions.
Balances held in trade orders or pending transfers will not qualify. Additionally, the airdrop will occur on the BNB Chain, covering FLOKI tokens on both the BNB and Ethereum networks.
Airdrop Details for ApeCoin Holders
The distribution for $APE Coin holders is already underway. Binance has allocated 804,828 MONKY tokens to users involved in Ape Accelerator or those who attended ApeFest, a prominent community event. A total of 800 billion MONKY tokens will be distributed to APE holders, underscoring the significance of the ApeCoin community in the broader crypto ecosystem.
As with FLOKI holders, APE token holders must have a minimum balance of 1 APE and comply with KYC requirements. The snapshot for APE token eligibility has already been completed.
Important Notes
Binance has clarified that the MONKY token listing on the exchange is not guaranteed following the airdrop. Any listing will depend on the token meeting Binance's standard review process.
This initiative reflects a broader trend of collaboration between cryptocurrency exchanges and token ecosystems, emphasizing the growing use of airdrops as a tool to incentivize user participation and strengthen community ties.
