Original | Odaily Planet Daily (@OdailyChina)
The community is buzzing about the Meme project Wise Monkey, which will launch today at 6 PM. Will the Meme craze also come to the BNB Chain ecosystem?
Recently, Binance and OKX announced that they will airdrop MONKY tokens to FLOKI holders at a ratio of 0.35 MONKY tokens for every FLOKI token held. Previously, the Simon's Cat project, which also airdropped to FLOKI holders, saw its token CAT perform impressively after launch, with a current market cap of $320 million. This has made the Wise Monkey project, which is set to launch this afternoon, a focal point of attention.
Next, Odaily Planet Daily will take you through the highlights of the Wise Monkey project, supported by Floki, its tokenomics, and launch details.
Project Introduction
Wise Monkey (MONKY) is a commemorative coin launched by Ape Accelerator and Animoca Brands' subsidiary Forj, inspired by the proverb "See No Evil, Hear No Evil, Speak No Evil." The launch date for MONKY is today at 6 PM Beijing time.
The snapshot for FLOKI token holders will only be taken after MONKY launches. Notably, according to official news, the snapshot time for airdropping MONKY tokens to FLOKI token holders has not yet begun, with the snapshot scheduled for December 15 at 8 AM Beijing time. The distribution of MONKY tokens will occur on December 20. Additionally, DWF Labs will act as the main market maker for MONKY.
Tokenomics
For MONKY, the total supply is 10,000,000,000,000 tokens, issued on the BNB Chain, and it belongs to the BNB Chain ecosystem Meme coins. Its contract address is: 0x59E69094398AfbEA632F8Bd63033BdD2443a3Be1, with a launch market cap of only $10 million.
MONKY Tokenomics
The official statement also indicates that a significant portion of the MONKY token supply will be allocated to the Floki ecosystem tokens, with the specific distribution as follows:
27% of the total token supply will be airdropped to FLOKI holders;
4% of the total token supply will be airdropped to TOKENFI holders and stakers;
4% of the total token supply will be allocated as rewards for Floki trading bot users.
Anti-Sniping Mechanism for Launch
To prevent a large number of "on-chain scientists" from front-running at launch, the Wise Monkey team has designed an "anti-sniping mechanism." The specific plan is that only those who held at least $1,000 worth of FLOKI and TOKENFI before the snapshot on December 9 at 11 PM Beijing time will be able to purchase MONKY tokens within the first 10 minutes after launch. During this 10-minute window, there will be a purchase limit of 0.02% of the total token supply per wallet. After 10 minutes, all addresses will be able to purchase MONKY tokens.
Proposal Passed for Floki Treasury to Invest $300,000 in MONKY Tokens
Yesterday, Floki DAO released a new proposal to use treasury funds of $300,000 to purchase MONKY tokens, which passed with a support rate of 99.87%.
Passed with a support rate of 99.87%
This proposal was nearly unanimously approved, as the previous investment proposal was about investing in CAT, supported by Floki, which passed with a $200,000 investment. In less than 4 months, the value of the purchased tokens exceeded $3.6 million, an astonishing 18-fold increase.
Summary
Although most users will not be able to participate in the purchase of MONKY tokens within the first 10 minutes after launch, this project is still worth paying attention to.
First, MONKY has sparked widespread discussion in the community before its launch, with many KOLs both domestically and internationally supporting the project. Even if one cannot purchase within the first 10 minutes, there may be opportunities to "get in" later.
Secondly, Floki DAO has passed a new proposal to invest $300,000 in MONKY tokens. Compared to the previous $200,000 investment in CAT tokens, this amount has increased by 50%. Notably, CAT tokens achieved an 18-fold value increase in just 4 months, indicating that Floki DAO members have higher expectations for the Wise Monkey project.
Finally, Binance has recently launched other BNB Chain ecosystem Meme projects like Cheems and KOMA, which may signal a rising Meme craze on the BNB Chain. As a token issued by Forj, a subsidiary of Animoca Brands, and supported by Floki, MONKY is expected to perform well at launch.
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