Wise Monkey (MONKY) token has announced an important airdrop for the Floki and Apecoin communities, allocating 35%and 27% for FLOKI and APE supply respectively.
The program is designed to reward APE and Floki holders with significant shares of APE and Floki tokens, distributed through several platforms and criteria.
Binance will enable the distribution of MONKY tokens to eligible Floki and Apecoin holders. Token holders on Binance can expect to get MONKY tokens depending on their APE and Floki holdings.
The launch of Wise Monkey
The presence of Floki and APE aims to support the launch of Wise Monkey (MONKY), a meme coin scheduled to be unveiled on December 12, 2024, on Binance. This event includes an airdrop for active participants of the Wise Monkey, including Floki and Apecoin token holders. This makes it an important moment for both users and investors in the crypto landscape.
MONKY aims to redefine meme culture in the cryptocurrency landscape. The project aligns with Floki’s and Apecoin’s mission of promoting financial and cultural empowerment. It wants to unleash rich cultural momentum, bringing the enduring wisdom of the “Three Wise Monkeys” into the crypto world.
Unlocking the power of crypto airdrops
Blockchain projects normally use crypto airdrops as a marketing strategy to distribute free tokens to a broad audience. It is a promotional giveaway designed to build awareness by creating buzz and attracting attention from potential investors and users.
By distributing tokens freely or in return for a few tasks, projects rapidly develop a community of holders who further interact with and promote their projects.
Airdrop demands have significantly surged since 2020. Increased scrutiny on token sales by regulators is one of the main reasons for the rise of airdrops. Several countries issued stringent laws on coin sales, making it more expensive and difficult to raise funds using token sales.
As a result, the emergence of airdrops offers an approach for projects to distribute tokens without carrying out formal sales, therefore circumventing the regulatory hindrances linked to ICOs.
The other reason for the increase in airdrops is the changing landscape of the digital asset market. With the industry’s maturation, users and investors have become more intelligent. Mere raising capital through an ICO is no longer adequate. Airdrops provide an opportunity for projects to reward users, appreciate the presence of early buyers, and develop a robust community around their projects.
