Outside Source
Binance has revealed plans to support the upcoming Wise Monkey airdrop, which looks to reward holders of ApeCoin and Floki.
This development, which will distribute portions of the Wise Monkey (MONKY) supply, is part of a collaborative effort involving Floki, the Ape Accelerator, and other notable blockchain entities to introduce new energy to the crypto ecosystem.
According to Binance’s announcement, the airdrop will use wallet snapshots to determine eligibility. For holders of ApeCoin (APE), the snapshot occurred on Nov. 29 at 00:00 UTC. Meanwhile, Floki (FLOKI) holders will have their snapshot on Dec. 15, at 00:00 UTC.
Binance confirmed that the distribution will follow a specific ratio. Particularly, for every 1 FLOKI held, a market participant will receive 0.35 MONKY, while each 1 APE token will equal 804,828 MONKY.
To qualify for the airdrop, users must hold at least 1 FLOKI or 1 APE. Any balances below this threshold, including those in trade, withdrawals or deposits at the time of the snapshot, are excluded.
The exchange stressed that eligible balances include holdings in Binance funding and spot wallets, as well as certain flexible accounts like Simple Earn. However, liabilities in margin accounts and borrowed tokens are ineligible.
Wise Monkey airdrop
The Wise Monkey token gets its inspiration from the proverb “See No Evil, Hear No Evil, Speak No Evil.” The meme coin will launch on the Binance Smart Chain later this month.
FLOKI and APE holders stand to receive portions of the supply. The project plans to allocate 35% of the supply to the Floki community, with 27% set to be airdropped to holdings on supported centralized exchanges and on-chain holdings. Meanwhile, 10% of the supply will go to APE holders.
Binance’s recent support comes on the back of a similar move from OKX, Uphold and KuCoin. While the MONKY token distribution is confirmed, its listing on Binance for trading is subject to the platform’s rigorous review process, and no guarantees have been made.
This article first appeared at crypto.news
