When is the MONKY token listing date? The Solana ecosystem has been a great place to hunt for memecoins and tokens that can potentially deliver significant gains. And as your favorite source for all things crypto, it is our goal to keep you updated about new and upcoming projects and tokens.

The MONKY token is our subject for this piece. The goal is therefore to provide key details that may help determine whether to add this memecoin to your portfolio.

What is the MONKY token?

The MONKY token, otherwise known as the Wise Monkey is the native cryptocurrency on the Wise Monkey ecosystem. The latter reportedly offers various services and dapps. Here are some of the key features of the Wise Monkey or MONKY token:

  • It plays a key role as the governance token within its ecosystem. This means holders get to make decisions regarding network-related matters.
  • It is the official token used to provide rewards and incentives that keep users coming back to the ecosystem.
  • It is the primary token used for transactions within the Wise Monkey ecosystem.
  • Holders will be able to stake the MONKY token in order to earn rewards. It can also be used for yield-farming, lending and borrowing within its ecosystem.

MONKY token airdrop and details

The team behind the MONKY token revealed that it would be launched through an airdrop. Eligibility is quite interesting because it required participants to hold ApeCoin and Floki tokens. Airdrops usually have a snapshot date and the snapshot for the MONKY token airdrop was conducted on 29 November for Apecoin holders.

The snapshot for FLOKI token holders was scheduled to take place on 15 December.  But how much should investors receive? Preliminary data revealed that FLOKI holders would be issued at a ratio of 0.35 MONKY tokens for 1 FLOKI token. Apecoin holders will get 804,828 MONKY tokens for 1 Apecoin token.

Minimum qualifications dictate that airdrop participants must hold at least 1 ApeCoin or Floki token in their wallet. Speaking of, the wallet that support the airdrop include margin wallets, funding wallets and spot wallets on exchanges.

The MONKY token will reportedly have a total supply of 2.7 trillion tokens. Preliminary reports indicate that 10% of the tokens will go to ApeCoin holders while FLOKI holders will receive 35% of the total supply.

Crypto Exchange support

The Wise Monkey token will be launched multiple exchanges on 12 December. Binance in particular recently announced that it will list the token. Here is a list of centralized exchanges that have confirmed MONKY listing:

  • io
  • Binance
  • Uphold
  • KuCoin
  • OKX

According to the Floki blog, the MONKY token will exclusively be a BNB chain token. It also revealed that the official token contract will be disclosed 48 hours before launch as a precautionary measure to reduce the risk of scams.

What to expect in terms of price action

Pricing details were yet to be disclosed at the time of writing, which makes it challenging to predict price action. Nevertheless, the token listing on major exchanges such as Binance could pave the way for robust liquidity inflows in the future.

MONKY is currently one of the most anticipated airdrops. Its performance will also depend on the prevailing sentiment. Price could potentially dip if receipients of the airdrop lack incentive to HODL. However, remember that the native network will offer staking opportunities and rewards.  This may provide incentive and market appeal.

The hype around the MONKY token may also play out in its favor. However, it is still too early to tell how the token will behave. We strongly advice doing your own research first if you intend on purchasing the token after launch.

 

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