Binance has announced support for the highly anticipated Wise Monkey (MONKY) airdrop, aimed at rewarding FLOKI and ApeCoin (APE) holders. This initiative highlights Binance's commitment to supporting new cryptocurrency projects and recognizing loyal communities in this space.

Details about the MONKY Airdrop for FLOKI and APE holders

The Wise Monkey project has allocated 2.7 trillion MONKY tokens to FLOKI holders and 800 billion MONKY tokens to APE holders. The distribution will be based on the recorded on-chain holdings and through Binance-supported platforms. Starting from December 15, 2024, at 12:00 AM (UK time), FLOKI holders will begin receiving MONKY tokens at a distribution rate of 1 FLOKI = 0.35 MONKY.

Important details for FLOKI holders:

  • Total allocation: 2.7 trillion MONKY tokens

  • Start date: December 15, 2024, 12:00 AM (UK time)

  • Rate: 1 FLOKI = 0.35 MONKY

For APE holders, MONKY tokens have been distributed starting from November 29, 2024, at 12:00 AM (UK time). The distribution rate for APE holders is significantly higher, at 1 APE = 804.828 MONKY.

Important details for APE holders:

  • Total allocation: 800 billion MONKY tokens

  • Start date: November 29, 2024, 12:00 AM (UK time)

  • Rate: 1 APE = 804.828 MONKY

Allocation distribution

For FLOKI holders, 35% of the total MONKY supply has been set aside:

  • 27% for FLOKI holders across supported chains and platforms

  • 4% for Floki Trading Bot users

  • 4% for holders of specific ecosystem tokens

APE holders have been allocated 10% of the total MONKY supply:

  • 8% for APE holders on-chain and on exchanges

  • 1% for supporters of Ape Accelerator

  • 1% for participants of ApeFest

Eligibility criteria

To be eligible for the airdrop, users must hold more than 1 FLOKI or APE token. Pending deposits, withdrawal requests, and balances related to trading orders will not qualify. Only balances in the Spot Wallet, Funding Wallet, and other Binance-supported accounts are eligible. Tokens that have been borrowed or transferred in Margin or Lending accounts are also not eligible.

Users with net obligations in FLOKI or APE will need to return an equivalent amount of MONKY tokens received. The distribution timeline for the airdrop will be announced upon completion. While Binance supports this airdrop, there is no guarantee that MONKY will be listed on the exchange. Any potential listing will undergo Binance's rigorous evaluation process.

The bigger picture

Binance's support for the MONKY airdrop reinforces its commitment to fostering innovation in the cryptocurrency space while rewarding community participation. As The Bit Journal emphasizes, airdrops like this serve as a strong incentive for long-term engagement among holders of key tokens like FLOKI and APE.