Floki has announced the completion of the Simon’s Cat ($CAT) token airdrop, a cryptocurrency inspired by a popular cartoon series. The event aimed to reward Floki Inu ($FLOKI) holders with free $CAT tokens, distributed across major exchanges like Binance and OKX.
$CAT Supply Allocation
According to Floki's official statement, 3.5% of the total $CAT token supply, equivalent to 315 billion tokens, was allocated for this airdrop. The distribution was based on two snapshots taken on August 22, 2024, at 12:00:00 UTC and on August 29, 2024, at 23:59:59 UTC. Holders who met the criteria were automatically airdropped $CAT tokens, with no need to claim or connect their wallets.
Snapshot Error Causes Disruption
Despite the anticipation, not all users were able to enjoy their free tokens due to an error in the initial snapshot date used by Binance. As a result, some users received excess $CAT tokens, while others didn’t receive any. Binance temporarily suspended $CAT withdrawals and began reprocessing the airdrop to correct the distribution discrepancies. The process is expected to be completed by the end of September 11. Users who withdrew excess tokens will not be required to return them, as Binance has committed to covering the shortfall and ensuring proper distribution.
Additional Information
In addition to the primary airdrop for $FLOKI holders, Simon’s Cat allocated 1.5% of its total token supply to users of the Floki Trading Bot. This portion will be distributed over a 30-day period as a reward for trading $CAT using the bot. The team has promised further details about this distribution in a forthcoming post. Floki reassured the community that users will see the adjustments reflected in their Binance records once the reprocessing is complete.
The Simon’s Cat ($CAT) token airdrop has been a significant event for the Floki Inu ($FLOKI) community. Despite some technical issues with the initial distribution, the team is actively working on resolving them and looks forward to continued project development.
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