- Binance will support the $CAT airdrop for users holding 400,000 $FLOKI tokens or more.
- Simon’s Cat memecoin ($CAT) launched on the BNB Chain on August 8, 2024.
- 900 billion $CAT tokens will be distributed to eligible $FLOKI holders based on their holdings.
Binance will host a Simon’s Cat airdrop for FLOKI holders on its platform. The move is part of a collaboration between Floki, BNB Chain, and crypto investment firm DWF Labs.
Eligibility and Distribution Details
To qualify for the $CAT airdrop, users must hold at least 400,000 $FLOKI tokens on Binance. This requirement ensures that only significant holders benefit from the airdrop. Binance will take a snapshot of $FLOKI holdings on August 29, 2024, at 23:59:59 UTC to determine eligibility.
A total of 900 billion $CAT tokens will be distributed proportionately to qualifying $FLOKI holders. The distribution ratio will depend on the total number of $FLOKI tokens held by users meeting the criteria at the time of the snapshot. For instance, if the total qualifying $FLOKI tokens amount to 900 billion, the ratio will be 1 $CAT for every 1 $FLOKI.
Simon’s Cat Memecoin Launch
Simon’s Cat memecoin will be the first big cat memecoin to launch on the BNB Chain. The highly anticipated memecoin launch will go live on TokenFi Launchpad on August 20, 2024. The memecoin is supported by the well-known Simon’s Cat business, which has over 20 million YouTube, Facebook, and Instagram followers.
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Additional Distribution Channels
Besides the airdrop to $FLOKI holders, another portion of the Simon’s Cat memecoin supply will be distributed to users who trade the memecoin using the Floki trading bot. This strategy aims to incentivize trading activity and increase the token’s circulation.
The Simon’s Cat airdrop and memecoin launch are big developments in the cryptocurrency sector. By leveraging the popularity of the Simon’s Cat brand and Binance’s wide reach, this campaign is positioned to garner significant attention and participation from the crypto community. The airdrop will reward loyal $FLOKI holders while promoting the new $CAT token, perhaps encouraging more interaction and growth in the cat memecoin space.
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