- Binance will assist the Smart Monkey (MONKY) airdrop for holders of FLOKI and ApeCoin (APE).
- A photograph for APE was taken on November 29 and FLOKI on December 15.
- Eligible customers will obtain MONKY based mostly on their FLOKI or APE holdings, with particular necessities for every.
Binance has revealed that it’s going to assist the upcoming Smart Monkey (MONKY) token airdrop for holders of FLOKI and ApeCoin (APE). The airdrop will happen in two phases, with a snapshot of APE holders taken on November 29 and FLOKI holders on December 15, 2024.
Drop Particulars
The airdrop will observe a particular distribution ratio for every token. For individuals who maintain FLOKI, every FLOKI will likely be eligible to obtain 0.35 MONKY. In the meantime, each Binance account holding at the least 1 APE will likely be entitled to a hard and fast quantity of 804,828 MONKY, whatever the actual quantity of APE held.
As a reminder, the MONKY crew has allotted a large reserve of roughly over 3 trillion tokens for this airdrop marketing campaign. FLOKI holders will share a pool of two.7 trillion tokens, whereas APE holders will share 800 billion.
Binance famous that each one FLOKI balances beneath 1 FLOKI, together with these from commerce orders, won’t be eligible for the airdrop. Likewise, APE balances lower than 1 APE won’t be taken under consideration within the distribution.
Immediate Wallets
Throughout this time, Binance will contemplate holdings in numerous accounts, resembling Spot Wallets, Funding Wallets, Margin Wallets, Easy Earn Flex and Locked Accounts, and a few Mortgage Accounts.
Nevertheless, customers who’ve FLOKI or APE in pending deposit or withdrawal transactions on the time of the snapshot won’t see these holdings thought of within the airdrop. Moreover, any FLOKI or APE borrowed from margin or crypto loans or transferred to Spot wallets from these accounts won’t be eligible for the airdrop.
Binance clarified that customers with FLOKI or APE margin obligations, loans or VIP loans should repay an equal quantity of MONKY after distribution.
Key companies stay uninterrupted throughout airdrop
Customers can proceed to deposit and withdraw FLOKI and APE tokens in the course of the airdrop. Buying and selling on spot, margin, and futures markets in addition to Binance Earn companies won’t be affected.
Binance will handle all technical features of the airdrop, making certain that eligible customers obtain their MONKY tokens seamlessly. Nevertheless, the alternate made it clear that the airdrop doesn’t assure MONKY's itemizing on Binance, because the token nonetheless must undergo the platform's standard itemizing evaluate course of.
To be eligible for the airdrop, customers should full the mandatory account verification (KYC) and be positioned in an eligible jurisdiction. Binance mentioned that extra data concerning the distribution of the airdrop will likely be shared as soon as the method is full.
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