FLOKI Coin investors have a new opportunity with an airdrop announced for those holding tokens as of August 29, 2024. The snapshot taken on this date determines eligibility for receiving Simon’s Cat (CAT) tokens. OKX users with FLOKI Coin in their accounts by the specified date and time will benefit from this airdrop. The FLOKI Coin team has now released the necessary conditions and further details for participation.
Who Qualifies for the Airdrop?
Investors must hold a minimum of 400,000 FLOKI Coin to be eligible for the CAT Coin airdrop. This threshold was set considering potential market fluctuations, ensuring fairness and clarity. For instance, when the FLOKI Coin price was $0.000125, this amount equaled $50, guaranteeing that investors holding this minimum value qualify for the CAT Coin allocation. Access NEWSLINKER to get the latest technology news.
How Will the Tokens Be Distributed?
Eligible holders on the OKX platform will receive CAT Coins on a 1:1 ratio with their FLOKI holdings, provided the number of eligible holders matches the supply. Hence, 400,000 FLOKI Coin will translate to 400,000 Simon’s Cat (CAT) tokens. If the number of holders surpasses the token supply, the distribution ratio will be adjusted accordingly.
Key Points to Note
– The official Simon’s Cat ($CAT) token contract is 0x6894CDe390a3f51155ea41Ed24a33A4827d3063D, and investors should verify this contract to avoid scams.
– The snapshot taken impacted FLOKI Coin’s market value, initially causing a 20% drop. However, the coin is now recovering, aiming for a $0.000138 target.
Investors should keep track of these details and ensure they meet all conditions to benefit from this airdrop. Proper verification of the token contract is crucial to avoid potential fraud and secure their new CAT Coins. As the market responds to these updates, watching the fluctuations could offer strategic investment opportunities.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/floki-coin-holders-to-get-cat-tokens