DeFi Planet

Last updated on December 4th, 2024 at 12:46 pm

Binance has announced its participation in the upcoming Wise Monkey (MONKY) airdrop in partnership with Floki, the Ape Accelerator, and other key blockchain players.

They revealed that the Wise Monkey airdrop will determine eligibility based on wallet snapshots. ApeCoin holders had their snapshot on November 29 at 00:00 UTC, while Floki holders will be snapped on December 15 at 00:00 UTC. Binance confirmed that the airdrop distribution will follow a specific ratio: for every 1 FLOKI held, participants will receive 0.35 MONKY, while each 1 APE token will be equivalent to 804,828 MONKY. This collaboration aims to inject new energy into the crypto ecosystem by rewarding holders of ApeCoin and Floki.

Users must hold at least 1 FLOKI or 1 APE to qualify for the airdrop. Balances below this threshold, including those in trade, withdrawals, or deposits at the snapshot time, are ineligible. Eligible balances include holdings in Binance funding and spot wallets and certain flexible accounts like Simple Earn. Liabilities in margin accounts and borrowed tokens are excluded from eligibility.

The Wise Monkey token, inspired by the proverb “See No Evil, Hear No Evil, Speak No Evil,” is set to launch on the Binance Smart Chain later this month. The meme coin will reward FLOKI and APE holders, with 35% of the supply allocated to the Floki community, 27% designated for airdrops to holdings on supported exchanges and on-chain, and 10% reserved for APE holders.

Recently, Binance has launched merged mining on its pool platform, starting November 18, 2024, allowing users to mine Bitcoin (BTC) while earning Fractal Bitcoin (FB) rewards. Fractal Bitcoin is a Layer 2 sidechain designed to scale on Bitcoin’s code, with its mainnet launched in September. It features the same message as Bitcoin’s first block: