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Binance is supporting the Wise Monkey airdrop (MONKY) for holders of FLOKI (APE) and ApeCoins (APE).
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A snapshot of APE and FLOKI was taken on November 29, and December 15,
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Eligible Users will receive MONKY depending on their FLOKI and APE holdings. There are specific requirements for each.
Binance has announced that it will support an upcoming airdrop for holders of FLOKI or ApeCoin. The airdrop will take place in two phases. A snapshot of APE owners will be taken on November 29, and FLOKI users on December 15, 2024.
Airdrop Details
The airdrop will be based on a specific ratio of distribution for each token. For those who hold FLOKI, each FLOKI is eligible for 0.35 MONKY. Binance accounts that hold at least 1 APE are entitled to receive a fixed amount, 804,828 Monky, regardless of how many APE they actually have.
To give you some context, the MONKY Team has allocated a massive amount of tokens – over 3 trillion – for this airdrop. FLOKI holders share a pool of over 2.7 trillion tokens while APE holders share 800 billion.
Binance has stated that any FLOKI balances below 1 FLOKI will not be eligible for this airdrop. This includes those in trade orders. APE balances below 1 APE are also not counted in the distribution.
Snapshot Wallets
Binance will also consider holdings on various accounts such as Spot Wallets (also known as Funding Wallets), Margin Wallets (also known as Simple Earn Flexible and locked Accounts), and certain loan accounts.
The airdrop will not include FLOKI and APE that are in pending withdrawal or deposit transactions. The airdrop will also not include any FLOKI and APE that have been borrowed from Margin or Crypto Loans, or transferred from these accounts to Spot Wallets.
Binance clarified to users that they must repay the equivalent amount in MONKY if they have FLOKI or APE obligations on Margin, VIP Loans or Loans.
Key Services Are Unaffected During Airdrop
During the airdrop, users can continue to deposit and withdraw FLOKI and APE Tokens. The trading across the Spot, Margin, Futures, and Futures Markets, as well as Binance Earn, will not be affected.
Binance will manage all technical aspects of the airdrop to ensure that eligible users receive MONKY Tokens seamlessly. The exchange clarified that the airdrop did not guarantee MONKY’s listing on Binance as the token still has to go through the platform’s normal listing review process.
Users must be eligible to receive the airdrop and complete the KYC (Know Your Customer) process. Binance has announced that more information about the airdrop distribution process will be shared after the process is completed.
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