What is the Simon's Cat Airdrop Distributed to FLOKI Holders?

Bittime - To answer the question of what news is the Simon's Cat airdrop that was distributed to floki holders, you must read this article.

What is Simon's Cat Airdrop?

Simon's Cat is a meme coin project that has a total supply of 9 trillion tokens and will soon launch on the Binance Smart Chain (BNB) network.

A total of 900 billion CAT tokens will be distributed to FLOKI token holders via an airdrop mechanism.

This amount is equivalent to 20% of the total supply of CAT tokens allocated specifically to the Floki community of the Simon's Cat project.

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Conditions for Getting an Airdrop

Quoted from Medium, to be able to get part of this airdrop, there are several conditions that FLOKI holders must fulfill:

Is there a minimum limit for ownership of FLOKI tokens?

This amount is the minimum limit for FLOKI token ownership to be able to participate in the airdrop. Please note that this amount may change in value in fiat currency depending on the market price of FLOKI.

FLOKI Tokens are Stored in Wallet

FLOKI tokens must be stored in a wallet that supports the same blockchain network as $CAT tokens.

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How to Get Simon's Cat Airdrop?

The process of getting the Simon's Cat airdrop is quite simple. Eligible FLOKI holders will automatically receive $CAT tokens into their wallets after the snapshot period is complete. Snapshot is the process of capturing token ownership data at a certain time.

Airdrop Schedule and Mechanism

The Simon's Cat team has set two snapshot periods for this airdrop:

• First snapshot: August 22, 2024.
• Final snapshot: August 29, 2024.

The number of $CAT tokens each FLOKI holder will receive will be calculated based on the number of FLOKI tokens they held at the time of the last snapshot. 

The more FLOKI tokens you have, the greater the number of $CAT tokens you will receive.

Important Things to Note

Transfer Token

FLOKI holders can transfer their tokens or purchase new tokens after the first snapshot (22 August) until before the last snapshot (29 August). 

The number of tokens that will be counted for the airdrop is the number of tokens owned at the time of the last snapshot.

Avoid Selling Tokens

Selling FLOKI tokens between snapshot periods will make holders of those tokens ineligible for the airdrop.

Conclusion

The Simon's Cat airdrop is a good opportunity for FLOKI holders to get $CAT tokens for free.

By following the applicable terms and conditions, FLOKI holders can increase their chances of benefiting from this project.

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