Key Points:

  • Simon's Cat partners with Floki to launch a memecoin on August 8.

  • Coins will be airdropped to FLOKI holders and traded via a bot.

  • The memecoin will be promoted on Simon's Cat's social media.

Simon's Cat has partnered with Floki, BNB Chain, and DWF Labs to create the Simon's Cat Meme Coin, launching on August 8. The coin will be airdropped to FLOKI holders and traded via a Floki bot.

The Launch Of Simon's Cat Meme Coin Will Boost FLOKI Value

CoinDesk reported that the famous animated feline brand Simon's Cat has partnered with the meme coin Floki, BNB Chain, and DWF Labs to create the Simon's Cat Meme Coin.

Launch Date and Distribution of Simon's Cat Meme Coin

According to speculations, the new cryptocurrency will be issued on August 8. The coin supply will be airdropped to some of the holders of the FLOKI token; another part will be distributed among users trading Simon's Cat via the Floki trading bot.

Additionally, a sibling of that, TokenFi, started in 2023 and helps drive it. TokenFi specializes in helping traditional internet brands tokenize into Web3 projects, letting any user launch any cryptocurrency without writing code.

Simon's Cat is an animated series about the mischievous adventures of a hungry house cat. The series has over 20 million followers on YouTube, Facebook, and Instagram. Most of its content consists of videos and memes relating to cats.

Read more: The Importance Of Meme Coins In The Blockchain Ecosystems

Market Impact and Brand Advertising Strategy

Although the $2.9 billion cat memecoin sector is small, it's on the rise—much smaller than the $36 billion dog memecoin sector. Simon's Cat will be the first significant cat memecoin on the BNB Chain, and this new memecoin will increase the value of the FLOKI token by how it will be distributed.

Simon's Cat is the first real memecoin to be attached to an established brand and matching intellectual property. Banijay, which holds the Simon's Cat IP, had a revenue of $5.8 billion last year. As reported by CoinDesk, the brand plans to advertise the new memecoin across its YouTube, Facebook, Twitter, and Instagram channels.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.