Simon's Cat Burns 10% of $CAT Token Supply, Gears Up for Massive Airdrop to $FLOKI Holders

In a bold move, the team behind Simon's Cat, the popular meme and animated series, has burned 10% of the total $CAT token supply, equivalent to $24M.

Animated feline superstar Simon’s Cat is making waves in the crypto world with a massive 10% burn of the total $CAT token supply, valued at an impressive $24 million. This move is designed to reduce the token’s circulating supply and boost its value.

The token burn is being carried out through FlokiFi Locker, a service offered by meme coin project Floki Inu ($FLOKI). Notably, Simon’s Cat will also be conducting a substantial airdrop, allocating 20% of the total $CAT token supply to $FLOKI holders on August 29th.

To qualify for the airdrop, holders must maintain a minimum of 400,000 $FLOKI tokens. The airdrop amount will be directly proportional to their holdings, and there is no maximum limit.

Binance will be extending support for the airdrop to $FLOKI holders on their platform. Additionally, on-chain $FLOKI holders will receive the airdrop directly to their BNB chain wallet, irrespective of whether they hold FLOKI on the ETH or BNB chain.

“A snapshot will be taken on August 29th at 23:59:59 UTC for the airdrop, which will be supported by Binance for $FLOKI holders on their platform,” the Floki Inu team noted in a statement.

“On-chain $FLOKI (ETH or BNB chain) holders will receive the airdrop directly to their BNB chain wallet (snapshot will be taken for both chains).”

Snapshot, Minimum, Maximum

The snapshot for the airdrop will be taken on August 29, 2024, at 23:59:59 UTC. There is a minimum requirement of 400,000 $FLOKI tokens to qualify for the airdrop. However, the airdrop amount is proportional to $FLOKI holdings, with no maximum limit.

Binance will support the airdrop for $FLOKI holders on their platform. Snapshot will be taken for both ETH and BNB chain $FLOKI holders, and on-chain $FLOKI (ETH or BNB chain) holders will receive the airdrop directly to their BNB chain wallet.

This airdrop presents a remarkable opportunity for $FLOKI holders to acquire a substantial amount of $CAT tokens. With the token burn and airdrop, Simon’s Cat is poised to make a significant impact in the crypto space.

The post Animated Feline Superstar Simon’s Cat Burns 10% of $CAT Token Supply, to Airdrop 20% to Floki Inu ($FLOKI) Holders appeared first on The Merkle Hash.

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