Wise Monkey project supported by Floki will be launched today, and the meme craze may also come to the BNB Chain ecosystem

The community-discussed meme project Wise Monkey will be launched at 6 pm today. Will the meme craze also come to the BNB Chain ecosystem?

The community-discussed meme project Wise Monkey will open at 6 pm today.

Recently, Binance and OKX have announced that they will airdrop MONKY tokens to FLOKI holders, with a distribution ratio of 0.35 MONKY tokens for every 1 FLOKI token held. Previously, Simon's Cat project, which had airdropped to FLOKI holders, had a bright performance after the opening of the market, and its current market value has reached 320 million US dollars. This also makes the Wise Monkey project, which will open this afternoon, attract much attention.

Next, Odaily Planet Daily will take you to understand the highlights, token economic model and opening details of the BNB Chain ecosystem Meme project Wise Monkey supported by Floki.

Project Introduction

MONKY is a commemorative coin launched by Ape Accelerator and Animoca Brands subsidiary Forj, inspired by the proverb of the "Three Wise Monkeys": See No Evil, Hear No Evil, Speak No Evil. MONKY will be launched at 6pm today, Beijing time.

MONKY will take a snapshot of FLOKI token holders only after the opening of the market. It is worth noting that according to official news, the snapshot time for airdropping MONKY tokens to FLOKI token holders has not started, and the snapshot time is set at 8 am on December 15th, Beijing time. The airdrop distribution time of MONKY tokens is December 20th. It also stated that DWF Labs will serve as the main market maker of MONKY.

Token Economic Model

For MONKY, the total supply of its tokens is 10,000,000,000,000. It is issued on the BNB chain and belongs to the BNB Chain ecological Meme coin. Its contract address is: 0x59E69094398AfbEA632F8Bd63033BdD2443a3Be1, and its opening market value is only 10 million US dollars.

At the same time, the official said that a large part of the MONKY token supply will be allocated to the Floki ecosystem token. The specific distribution of this part is as follows:

The opening of the anti-sniper mechanism

In order to prevent a large number of "on-chain scientists" from rushing to buy at the opening, the Wise Monkey team designed an "anti-sniping mechanism" for the opening. The specific plan is: only holders or stakers who hold at least $1,000 worth of FLOKI and TOKENFI before 11:00 pm Beijing time on December 9 (snapshot taken) can buy MONKY tokens within the first 10 minutes after the opening, and there is a purchase limit for a single purchasing wallet within these 10 minutes, which is 0.02% of the total token supply. All addresses can buy MONKY tokens 10 minutes after the opening.

Proposal to invest $300,000 in MONKY tokens through the Floki Treasury

Yesterday, Floki DAO released a new proposal, which was to use 300,000 US dollars of treasury funds to purchase MONKY tokens, which was eventually passed with a support rate of 99.87%.

This proposal was passed by almost all members because the last investment proposal was about the investment in CAT supported by Floki. At that time, the proposal was supported by investing 200,000 US dollars. In less than 4 months, the value of the tokens purchased exceeded 3.6 million US dollars, an astonishing 18-fold increase.

summary

Although most users will not be able to participate in the purchase of MONKY tokens within the first 10 minutes after the opening, this project is still worth paying attention to.

First of all, MONKY sparked extensive discussion in the community before it went online, and many KOLs at home and abroad also supported the project for the "famous brand". Even if you can't buy it within 10 minutes of the opening, there may be a chance to "get on board" after a callback.

Secondly, Floki DAO passed a new proposal to invest $300,000 in MONKY tokens. This is a 50% increase compared to the previous $200,000 invested in CAT tokens. It is worth noting that the CAT token has achieved an 18-fold increase in value in just 4 months, which shows that Floki Dao members have higher expectations for the Wise Monkey project.

Finally, Binance has recently launched BNB Chain ecosystem meme projects such as Cheems and KOMA, which may indicate that the meme craze on BNB Chain is on the rise. MONKY tokens, issued by Forj, a subsidiary of Animoca