Simon's Cat Airdrop Gets Support from Binance

Bittime - Binance will reportedly support the distribution of the Simon’s Cat ($CAT) airdrop to eligible FLOKI holders.

Simon's Cat Airdrop Gets Support from Binance

The FLOKI X team has announced that Binance will provide free Simon's Cat tokens to users who own FLOKI tokens on the Binance platform.

Binance Will Take a Snapshot and Eligibility Criteria

To ensure fair and transparent distribution, Binance will conduct a snapshot on August 30, 2024. This snapshot will record the number of FLOKI tokens held by each user at that time.

In order to take part in this airdrop, users are required to have a minimum of 400,000 FLOKI tokens in their Binance account at the time the snapshot is taken.

The number of FLOKI tokens owned will determine the number of CAT tokens that will be received by each participant.

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CAT Token Distribution Mechanism

The CAT token distribution process will be carried out automatically by Binance. Once the snapshot is taken, Binance will calculate the total number of eligible FLOKI tokens and then allocate CAT tokens to each participant based on their proportion of FLOKI token holdings.

The CAT tokens that have been distributed will be immediately credited to each participant's Binance account. 

Thus, FLOKI holders do not need to take additional actions to claim the CAT tokens they are entitled to.

Potential Increase in CAT Token Price

This airdrop is expected to have a positive impact on the prices of FLOKI and CAT tokens. 

Anticipation of free token distribution often triggers increased demand for the related token, which can drive prices up.

In addition, collaboration between the FLOKI and Simon's Cat projects can also expand the community base and increase the visibility of both projects. 

This will certainly have a positive impact on the long-term growth of the FLOKI and Simon's Cat ecosystem.

Read Also: DOGS Token Listing on Binance Later, Launchpool Starting August 23!

Tips for FLOKI Holders

For FLOKI holders who want to ensure a smooth airdrop process, here are some tips you need to pay attention to:

Make sure your Binance account is verified

Account verification is very important to ensure the security of your digital assets and the smoothness of the airdrop distribution process.

Store Access Keys Safely

Always protect your Binance account access key from irresponsible parties.

Monitor the Latest Information

Stay tuned for the latest information regarding this airdrop via the official Binance and FLOKI channels.

Conclusion

The Simon's Cat token airdrop is good news for all FLOKI token holders. Apart from being a form of appreciation for the community, this airdrop can also be an opportunity to get new crypto assets for free.

By following the steps that have been set, FLOKI holders can easily enjoy the benefits of this airdrop.

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