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- Binance will assist the Smart Monkey (MONKY) airdrop for holders of FLOKI and ApeCoin (APE).
- A snapshot for APE was taken on November 29 and FLOKI on December 15.
- Eligible customers will obtain MONKY primarily based on their FLOKI or APE holdings, with particular necessities for every.
Binance has disclosed that it’ll assist the upcoming airdrop of the Smart Monkey (MONKY) token for holders of FLOKI and ApeCoin (APE). The airdrop can be carried out in two phases, with a snapshot of APE holders taken on November 29 and FLOKI holders on December 15, 2024.
Airdrop Particulars
The airdrop will comply with a selected distribution ratio for every token. For these holding FLOKI, each 1 FLOKI can be eligible to obtain 0.35 MONKY. In the meantime, each Binance account that holds at the very least 1 APE can be entitled to a set quantity of 804,828 MONKY, whatever the actual amount of APE held.
For context, the MONKY staff has allotted a large provide of round over 3 trillion tokens for this airdrop marketing campaign. FLOKI holders will share in a pool of two.7 trillion tokens, whereas APE holders will share 800 billion.
Binance has famous that any FLOKI balances beneath 1 FLOKI, together with these in commerce orders, is not going to be eligible for the airdrop. Equally, APE balances beneath 1 APE is not going to be counted in the direction of the distribution.
Snapshot Wallets
In the meantime, Binance will take into account holdings in numerous accounts, corresponding to Spot Wallets, Funding Wallets, Margin Wallets, Easy Earn Versatile and Locked Accounts, and sure mortgage accounts.
Nonetheless, customers who’ve FLOKI or APE in pending deposit or withdrawal transactions on the time of the snapshot is not going to have these holdings factored into the airdrop. Moreover, any FLOKI or APE borrowed from Margin or Crypto Loans or transferred to Spot Wallets from these accounts is not going to be eligible for the airdrop.
Binance clarified that customers with FLOKI or APE liabilities on Margin, Loans, or VIP Loans should repay an equal quantity of MONKY after the distribution.
Key Providers Stay Uninterrupted Throughout Airdrop
Customers could proceed depositing and withdrawing FLOKI and APE tokens throughout the airdrop. Buying and selling throughout Spot, Margin, and Futures markets and Binance Earn companies will stay unaffected.
Binance will deal with all of the technical features of the airdrop, guaranteeing that eligible customers obtain their MONKY tokens seamlessly. Nonetheless, the change made it clear that the airdrop doesn’t assure the itemizing of MONKY on Binance, because the token should nonetheless undergo the platform’s typical itemizing evaluate course of.
To be eligible for the airdrop, customers should full the required account verification (KYC) and be in an eligible jurisdiction. Binance has said that extra data concerning the airdrop distribution can be shared as soon as the method is full.
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