The Wise Monkey project, featuring the MONKY token, has generated significant community excitement ahead of its scheduled launch. This Meme token, inspired by the “Three Wise Monkeys” proverb, is set to debut on the BNB Chain. Backed by established entities and supported by a major DAO, it aims to bring renewed attention to the BNB Chain Meme ecosystem.
What Is the Wise Monkey (MONKY) Project?
Wise Monkey (MONKY) is a commemorative token launched by Ape Accelerator in collaboration with Forj, a subsidiary of Animoca Brands. The project draws inspiration from the classic symbolism of the three wise monkeys, representing the principles of “See No Evil, Hear No Evil, Speak No Evil.”
The token is scheduled to go live on BNB Chain. A notable feature of the launch is its association with the Floki ecosystem, which has announced support for the project through both airdrops and a treasury investment proposal.
MONKY Token Economics
The total supply of MONKY tokens is set at 10,000,000,000,000. It will be deployed on the BNB Chain with an initial market capitalization of $10 million.
A significant portion of the token supply is allocated to the Floki ecosystem:
- 27% of the total supply is reserved for an airdrop to FLOKI token holders.
- 4% will be airdropped to TOKENFI holders and stakers.
- Another 4% is designated as rewards for users of the Floki trading bot.
This allocation strategy emphasizes rewarding existing community members within the broader Floki ecosystem.
Launch Details and Anti-Sniping Mechanism
The official MONKY token launch includes a unique anti-sniping mechanism designed to prevent front-running by automated bots. The mechanism allows only pre-snapshot verified holders to purchase tokens during the first 10 minutes after launch.
Specifically, wallets that held at least $1,000 worth of FLOKI or TOKENFI before a snapshot taken on December 9 are eligible to buy during this initial window. Each eligible wallet is subject to a purchase limit of 0.02% of the total token supply. After the first 10 minutes, the token becomes available for public trading without restrictions.
The airdrop snapshot for FLOKI holders is scheduled for December 15, with token distribution set for December 20.
Floki DAO Treasury Investment Proposal
The Floki DAO recently passed a proposal to invest $300,000 from its treasury into MONKY tokens. The proposal received nearly unanimous support, with 99.87% of votes in favor.
This decision follows a previous successful investment in another Meme token, CAT, which saw significant returns. The community’s strong endorsement reflects confidence in the potential of the Wise Monkey project.
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Why Is MONKY Gaining Attention?
Several factors contribute to the growing interest in MONKY:
- Strong Backing: Support from Animoca Brands’ subsidiary Forj and the Floki ecosystem adds credibility.
- Community Momentum: The project has sparked widespread discussion among influencers and crypto communities globally.
- Market Trends: The recent listing of several BNB Chain-based Meme tokens on major exchanges suggests a growing trend, potentially benefiting MONKY.
Although the initial 10-minute purchase window is restricted, the token may present opportunities post-launch.
Frequently Asked Questions
What is the MONKY token?
MONKY is a Meme token on BNB Chain inspired by the three wise monkeys concept. It is supported by Floki and launched in collaboration with Forj, a subsidiary of Animoca Brands.
How can I participate in the MONKY airdrop?
Holders of FLOKI and TOKENFI tokens will be eligible for an airdrop based on a snapshot scheduled for December 15. The airdropped tokens will be distributed on December 20.
What is the anti-sniping mechanism?
To prevent automated sniping, only wallets that held over $1,000 in FLOKI or TOKENFI before December 9 can buy MONKY in the first 10 minutes after launch. Each wallet has a purchase cap during this period.
Who is supporting MONKY?
The project is backed by Floki, Ape Accelerator, and Forj. DWF Labs has been announced as the market maker for the token.
What was the Floki DAO proposal about?
The Floki DAO voted to invest $300,000 from its treasury into MONKY tokens, demonstrating strong community support for the project.
Is MONKY available on major exchanges?
The token launches first on BNB Chain. Exchange listings depend on future developments and market conditions.