Binance has revealed that it will support the upcoming Wise Monkey (MONKY) token airdrop to FLOKI and ApeCoin (APE) holders. The airdrop will be conducted in two phases, with snapshots for APE holders taken on November 29 and for FLOKI holders taken on December 15, 2024.

Airdrop Details

The airdrop will follow a specific distribution ratio for each token. For FLOKI holders, every 1 FLOKI will be eligible for 0.35 MONKY. Meanwhile, each Binance account holding at least 1 APE will receive a fixed amount of 804,828 MONKY, regardless of the exact amount of APE held.

To put things into perspective, the MONKY team has allocated a massive supply of over 3 trillion tokens for this airdrop campaign. FLOKI holders will share in a pool of 2.7 trillion tokens, while APE holders will share 800 billion.

Binance has noted that any FLOKI balance below 1 FLOKI, including balances in trading orders, will not be eligible for the airdrop. Similarly, APE balances below 1 APE will not be counted in the distribution.

He knows Snapshot

Meanwhile, Binance will consider holdings in various accounts, such as Spot Wallet, Funding Wallet, Margin Wallet, Flexible Account, and Simple Earn Locked Account, and some lending accounts.

However, users who have FLOKI or APE in pending deposits or withdrawals at the time of the snapshot will not have those holdings counted towards the airdrop. Furthermore, any FLOKI or APE borrowed from Margin or Crypto Loans or transferred to Spot Wallets from these accounts will not be eligible for the airdrop.

Binance has clarified that users who are obliged to FLOKI or APE for margin loans, loans or VIP loans must return an equivalent amount of MONKY after distribution.

Key services remain uninterrupted during the Airdrop

Users can continue to deposit and withdraw FLOKI and APE tokens during the airdrop. Trading on Spot, Margin, and Futures markets and Binance Earn services will not be affected.

Binance will handle all technical aspects of the airdrop, ensuring that eligible users receive their MONKY tokens seamlessly. However, the exchange has clarified that the airdrop does not guarantee MONKY listing on Binance, as the token must still go through the platform’s normal listing review process.

To be eligible for the airdrop, users must complete the required account verification (KYC) and be located in an eligible jurisdiction. Binance has stated that more details regarding the airdrop distribution will be shared once the process is complete.