Author: Asher, Odaily Planet Daily

Wise Monkey, a meme currency project hotly discussed in the community, was launched on December 12. Will the meme currency craze also come to the BNB Chain ecosystem?

Recently, Binance and OKX have successively issued announcements, announcing that they will airdrop MONKY tokens to FLOKI holders at a ratio of 0.35 MONKY tokens for every FLOKI token held. The Simon’s Cat project, which had previously airdropped to FLOKI holders, saw its token CAT perform brilliantly after the market opened, with its current market value reaching US$320 million. This also makes the Wise Monkey project attract attention.

Next, Odaily Planet Daily will take you to understand the highlights of Wise Monkey, the BNB Chain ecological meme currency project supported by Floki, the token economic model and the opening details.

Project introduction

MONKY is a commemorative coin launched by Ape Accelerator and Forj, a subsidiary of Animoca Brands. It is inspired by the proverb of the "Three Wise Monkeys": See No Evil, Hear No Evil, Speak No Evil). MONKY launches on December 12th at 6pm.

A snapshot of FLOKI token holders will not be taken until MONKY opens. It is worth noting that according to official news, the snapshot time for airdropping MONKY tokens to FLOKI token holders has not started. The snapshot time is set at 8 am on December 15. The MONKY token airdrop will be distributed on December 20th. It also stated that DWF Labs will serve as the main market maker of MONKY.

Token economic model

For MONKY, the total supply of tokens is 10,000,000,000,000, which are issued on the BNB chain and belong to the BNB Chain ecological Meme currency. Its contract address is: 0x59E69094398AfbEA632F8Bd63033BdBe024.3 million US dollars. The opening price is only US$1 million.

MONKY Token Economic Model At the same time, officials stated that a large part of the MONKY token supply will be allocated to Floki ecosystem tokens. The specific allocation of this part is as follows:

  • 27% of the total token supply airdropped to FLOKI holders with;

  • 4% of the total token supply will be airdropped to TOKENFI holders and stakers;

  • 4% of the total token supply will be used as a reward for Floki trading bot users.

The opening of the anti-sniper mechanism

In order to prevent a large number of "on-chain scientists" from jumping the gun immediately after the market opens, the Wise Monkey team designed an "anti-sniper mechanism" to open the market. The specific plan is: only hold at least the value before 11 pm on December 9 (snapshot) Only FLOKI and TOKENFI holders or pledgers with $1,000 can purchase MONKY tokens within the first 10 minutes after the market opens. There is a purchase limit for a single purchase wallet within these 10 minutes, which is 0.02% of the total supply of tokens. All addresses will be able to purchase MONKY tokens 10 minutes after the market opens.

Proposal to invest $300,000 in MONKY tokens through Floki Treasury

Yesterday, Floki DAO released a new proposal, which involves using US$300,000 of treasury funds to purchase MONKY tokens, which was ultimately passed with a support rate of 99.87%.

The new proposal was passed with a support rate of 99.87%. This proposal was almost unanimously passed. The reason is that the last investment proposal was about the investment in CAT supported by Floki. At that time, the proposal was supported by an investment of US$200,000. In less than 4 months At that time, the value of the tokens it purchased exceeded US$3.6 million, an astonishing 18-fold increase.

summary

Although most users will not be able to participate in the purchase of MONKY tokens within the first 10 minutes after the market opens, the project is still worthy of attention.

First of all, MONKY triggered extensive discussions in the community before it was launched, and many KOLs at home and abroad also supported the project for "famous brands". Even if you can't buy within 10 minutes of the opening, you may have the opportunity to "get in" later.

Secondly, Floki DAO passed a new proposal to invest $300,000 in purchasing MONKY tokens. Compared with the previous investment of $200,000 in CAT tokens, this amount increased by 50%. It is worth noting that the CAT token has achieved an 18-fold value growth in just 4 months, which shows that members of the Floki Dao organization have higher expectations for the Wise Monkey project.

Finally, Binance has recently launched BNB Chain ecological meme currency projects such as Cheems and KOMA, which may indicate that the meme currency craze on BNB Chain is on the rise. The MONKY token, issued by Forj, a subsidiary of Animoca Brands, and backed by Floki, is expected to perform well at the opening.

(The above content is excerpted and reprinted with the authorization of our partner PANews, original text link | Source: Odaily Planet Daily)

Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.

"Will Wise Monkey supported by Floki trigger a wave of Meme coins in the BNB Chain ecosystem?" This article was first published on (Block Guest).