1. $CAT Token Allocation
2. Snapshot Error and Impact
3. Next Steps and Promises

The airdrop of Simon’s Cat ($CAT) for Floki Inu ($FLOKI) holders has been completed, with tokens distributed across major exchanges such as Binance and OKX. This event was aimed at rewarding Floki Inu holders.

$CAT Token Allocation

To qualify for the airdrop, users needed to hold at least 400,000 $FLOKI tokens. $CAT tokens were distributed proportionally based on the amount of $FLOKI held at the time of the snapshot. According to the official statement from Floki, 3.5% of the total $CAT token supply, equivalent to 315 billion tokens, was allocated for this airdrop. This 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. Withdrawals for airdropped tokens were made available on Binance and OKX. However, users holding $FLOKI on-chain needed to manually import the $CAT token contract into their wallets to view the tokens.

Snapshot Error and Impact

An issue arose due to an error in the initial snapshot date used by Binance, which was set for August 24 instead of the correct date of August 29. 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. The exchange is reportedly working to recover the excess tokens from users who received more than they were entitled to and redistribute them to those who received less or none. Binance has set an estimated deadline for completing this process by the end of September 11.

Next Steps and Promises

Some users who withdrew the excess tokens distributed to them 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.

The completion of Simon’s Cat ($CAT) airdrop faced some issues, but Binance and Floki are working towards ensuring that all users correctly receive their tokens without incurring any loss. Further updates and accurate information are expected soon from the platforms.