Floki announced the completion of the Simon’s Cat ($CAT) token airdrop for $FLOKI holders. The event aimed to reward Floki Inu ($FLOKI) holders with free $CAT tokens, distributed across major exchanges like Binance and OKX.
Completion of Simon’s Cat Airdrop
The Simon’s Cat ($CAT) airdrop, a cryptocurrency inspired by a popular cartoon series, was intended to reward Floki Inu ($FLOKI) holders. No action was required from the recipients as the tokens were directly deposited into user wallets.
$CAT Distribution
To qualify for the airdrop, users needed to hold at least 400,000 $FLOKI. The tokens were distributed proportionally based on the amount of $FLOKI held at the time of the snapshot. According to the official statement, 3.5% of the total $CAT token supply, equivalent to 315 billion tokens, was allocated for this airdrop based on two snapshots taken on August 22 and August 29, 2024. Eligible holders were automatically airdropped $CAT tokens, with no need to claim or connect their wallets. Withdrawals for the airdropped tokens were available on Binance and OKX.
Snapshot Error
According to the Floki team, an error in the initial snapshot date used by Binance caused an issue with token distribution. Binance temporarily suspended $CAT withdrawals and began reprocessing the airdrop, working to recover excess tokens from users and redistribute them to those who missed out. The reprocessing is expected to be completed by the end of September 11.
The Floki community was assured that all adjustments would be reflected in their Binance records once reprocessing is complete. The team also confirmed that users who withdrew excess tokens would not be required to return them, as Binance would cover the shortfall to ensure correct distribution.
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