Binance, the world’s largest cryptocurrency exchange, has announced its support for the upcoming Simon’s Cat ($CAT) airdrop for holders of $FLOKI on its platform. Users who hold at least 400,000 $FLOKI tokens on Binance will be eligible for the airdrop, which will be automatically distributed to qualifying accounts.
Key Details of the Airdrop:
- Eligibility Requirements: Users must hold a minimum of 400,000 $FLOKI tokens on Binance to qualify for the airdrop. The dollar value of the $FLOKI tokens is irrelevant; only the quantity of tokens matters.
- Snapshot Date: Binance will take a snapshot of all $FLOKI balances on August 29, 2024, at 23:59:59 UTC to determine eligibility.
- Airdrop Distribution: A total of 900 billion $CAT tokens will be distributed proportionately to eligible $FLOKI holders. The exact amount of $CAT each user receives will depend on their $FLOKI holdings relative to the total qualifying $FLOKI held on Binance.
- For example, if the total amount of qualifying $FLOKI is 900 billion tokens, the distribution ratio will be 1 $CAT per 1 $FLOKI.
- If the qualifying amount is 1.8 trillion $FLOKI tokens, the ratio will be 0.5 $CAT per 1 $FLOKI.
The more $FLOKI tokens a user holds above the 400,000 minimum, the more $CAT tokens they will receive.
Automatic Distribution
Eligible users do not need to take any additional steps; the $CAT tokens will be credited directly to their Binance accounts following the snapshot.
Final details and distribution ratios will be confirmed by Binance based on the snapshot results.
