Floki announced the completion of the Simon’s Cat ($CAT) airdrop, inspired by a popular cartoon series, for $FLOKI holders.
Airdrop of $CAT Tokens
The airdrop aimed at rewarding Floki Inu ($FLOKI) holders with free $CAT tokens, with distribution taking place across major exchanges like Binance and OKX. No action was required from the recipients as tokens were directly deposited into their wallets. To qualify, users needed to hold at least 400,000 $FLOKI tokens. The tokens were distributed proportionally based on the amount of $FLOKI held at the time of the snapshot.
Snapshot Issue
Despite the excitement surrounding the event, not all users were able to enjoy their free tokens due to an error in the initial snapshot date used by Binance. Instead of the correct date of August 29, the snapshot was taken on August 24, causing discrepancies in token distribution. As a result, some users received excess $CAT tokens, while others didn’t receive any.
Resolution to the Issue
In response to the issue, Binance temporarily suspended $CAT withdrawals and began reprocessing the airdrop. The exchange is working to recover the excess tokens from users who received more than entitled and redistribute them to those who received less or none. This process is expected to be completed by the end of September 11. Some users who withdrew the excess tokens will not be required to return them, as Binance has committed to covering the shortfall and ensuring all users receive the correct amount of $CAT tokens.
Floki reassured its community that users will see the adjustments reflected in their Binance records once the reprocessing is complete.
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