Simon’s Cat, the popular blockchain-based token recently launched on TokenFi, has officially announced a significant airdrop for the Floki community, allocating 20% of its total $CAT supply.
This initiative is designed to reward Floki holders and stakers with a substantial share of $CAT tokens, distributed through multiple platforms and criteria.
Binance will facilitate the distribution of $CAT tokens to eligible Floki holders. The detailed process and qualification criteria for this airdrop are outlined in an official Binance post. Floki holders on Binance can expect to receive a portion of the $CAT tokens based on their FLOKI holdings.
Simon’s Cat has set aside 3.5% of its entire token supply, or 315 billion $CAT tokens to reward FLOKI holders with an on-chain airdrop. Before the last snapshot on August 29, 2024, users must own a minimum of 400,000 FLOKI tokens to be eligible.
Individuals who match the eligibility requirements and possess FLOKI tokens on the ETH chain will still get $CAT tokens on the BNB chain, with the distribution being proportionate to the quantity of FLOKI tokens held on-chain.
Users of the Floki Trading Bot will receive 1.5% of the whole $CAT supply, in addition to the on-chain airdrop. Those that trade $CAT using the bot will be rewarded with this allotment, which will be dispersed over 30 days. The Simon’s Cat team will offer further information about this distribution in a special post.
The Simon’s Cat team is currently finalizing airdrop details with other major centralized exchanges (CEXs). More information will be shared as these arrangements are confirmed.
There will be two snapshots for the on-chain $FLOKI airdrop: the first will be taken at 12:00:00 UTC on August 22, 2024, and the final at 23:59:59 UTC on August 29, 2024. $CAT tokens will be distributed based on the amount of $FLOKI tokens held at the time of the final snapshot on August 29.
This airdrop presents a unique opportunity for the Floki community to engage with the newly launched $CAT token, benefiting from their existing FLOKI holdings. Stay tuned for more updates from Simon’s Cat and Floki!
Also Read: FLOKI Price Surge Following Its Listing on Bitstamp
