OKX has announced its support for the Wise Monkey (MONKY) token airdrop targeted at ApeCoin (APE) and Floki (FLOKI) holders in specific jurisdictions. It is important to note that the distribution of airdropped tokens, including MONKY, is not guaranteed across all regions due to varying regulatory frameworks.
Airdrop Snapshot Schedule
The eligibility for the MONKY airdrop will be determined based on two separate snapshots of users’ token holdings:
- APE Holders: The snapshot will be taken at 00:00 UTC on November 29, 2024.
- FLOKI Holders: The snapshot will be taken at 00:00 UTC on December 15, 2024.
Eligibility Criteria and Participation Rules
To qualify for the airdrop, users must meet the following conditions for each respective token:
- Your APE or FLOKI tokens must be held in an OKX trading, funding, or Earn (Grow products) account.
- A minimum balance of 1 APE or 1 FLOKI is required in these accounts at the time of the snapshot. This minimum is assessed separately for each account type.
- Only tokens that have been successfully deposited and are fully cleared in your account at the exact snapshot time will be counted. Any tokens in the process of withdrawal, pending deposit, or already withdrawn will not be included.
- Negative equity positions, including any outstanding loans, are excluded from the snapshot calculation.
Important Notice on Loans: If you have an outstanding APE or FLOKI loan that creates negative equity in your trading account during the snapshot, you will be required to repay that loan using the airdropped MONKY tokens. It is highly recommended to settle any relevant loans beforehand to avoid complications.
MONKY Token Distribution Ratio
The amount of MONKY tokens received will be calculated differently for APE and FLOKI holders:
- For APE Holders: A fixed total of 804,828 MONKY tokens will be distributed among all eligible APE holders.
- For FLOKI Holders: Tokens will be airdropped at a ratio of 0.35 MONKY for every 1 FLOKI token held.
When Will You Receive the Airdropped Tokens?
OKX will distribute the MONKY tokens to all eligible users only after the exchange has successfully received the entire airdrop allocation from the token issuer. The platform will issue a formal announcement to notify the community once the distribution process has been completed. 👉 Explore more strategies for tracking airdrop distributions
Trading Availability for MONKY
As of this announcement, OKX does not support spot trading for the Wise Monkey (MONKY) token. Should the exchange decide to list MONKY for trading in the future, it will communicate this through an official separate announcement.
OKX explicitly states that it does not guarantee the occurrence of the airdrop and disclaims any liability if the airdrop does not take place as described.
Frequently Asked Questions
What is an airdrop in cryptocurrency?
An airdrop is a distribution of free tokens or coins to the wallets of active cryptocurrency users, typically to promote a new project, reward loyal community members, or encourage decentralized ownership of a new asset.
Do I need to do anything to claim the MONKY airdrop on OKX?
If you hold the minimum required amount of APE or FLOKI in your eligible OKX accounts (trading, funding, or Earn) at the time of the snapshots, you should automatically qualify. No further action is required to claim the airdrop, as OKX will handle the distribution internally.
Why are there different snapshot times and ratios for APE and FLOKI?
Different projects have unique airdrop strategies. The separate times and ratios are set by the Wise Monkey project itself to target and reward the two distinct communities of holders based on their own specific criteria and tokenomics.
What happens if I hold both APE and FLOKI?
If you hold the minimum required amount of both tokens in your OKX accounts at their respective snapshot times, you should be eligible to receive MONKY tokens from both airdrop allocations.
Can I trade MONKY on OKX immediately after receiving it?
No, the receipt of an airdropped token does not automatically mean it is listed for trading. As confirmed, OKX does not currently support MONKY spot trading. Always check the official announcements for any updates on future trading pair listings. 👉 Get advanced methods for managing new digital assets
Is this airdrop available to all OKX users globally?
No, the airdrop support is only for users in certain jurisdictions. OKX has clearly stated that the distribution is not guaranteed in all regions, likely due to local regulatory restrictions. Users should refer to official OKX communications for their specific eligibility.