Will Wise Monkey, supported by Floki and about to launch, ignite the Meme wave in the BNB Chain ecosystem?

Author: Asher, Odaily Planet Daily
The community's hotly discussed Meme project Wise Monkey will go live today at 6 PM. Will the Meme craze also come to the BNB Chain ecosystem?
Recently, Binance and OKX successively announced that they would airdrop MONKY tokens to FLOKI holders, distributing 0.35 MONKY tokens for every 1 FLOKI token held. Previously, the Simon's Cat project, which airdropped tokens to FLOKI holders, saw its token CAT perform exceptionally well after launch, currently valued at $320 million. This has made the Wise Monkey project, which will launch today at 6 PM, a focal point of attention.
Next, Odaily Planet Daily will take you through the highlights of the Wise Monkey project, a Meme project supported by Floki in the BNB Chain ecosystem, including its token economic model and launch details.
Project Introduction
MONKY is a commemorative coin launched by Ape Accelerator and Forj, a subsidiary of Animoca Brands, inspired by the proverb of 'Three Wise Monkeys': See No Evil, Hear No Evil, Speak No Evil. The launch date for MONKY is today at 6 PM Beijing time.
The snapshot for FLOKI token holders will only be taken after MONKY goes live. It is worth noting that, according to official information, the snapshot time for airdropping MONKY tokens to FLOKI token holders has not yet started and is set for December 15th, 8 AM Beijing time. The distribution time for MONKY token airdrops is December 20th. Additionally, DWF Labs will act as the primary market maker for MONKY.
Token Economic Model
As for MONKY, its total token supply is 10,000,000,000,000 tokens, issued on the BNB chain, belonging to the BNB Chain ecosystem Meme coin, with a contract address of: 0x59E69094398AfbEA632F8Bd63033BdD2443a3Be1, and its initial market value is only $10 million.
MONKY Token Economic Model
At the same time, the official stated that a large portion of the MONKY token supply will be allocated to Floki ecosystem tokens, with the specific allocation as follows:
27% of the total token supply will be airdropped to FLOKI holders;
4% of the total token supply will be airdropped to TOKENFI holders and stakers;
4% of the total token supply will be used as rewards for Floki trading bot users.
Opening with Counter-Sniping Mechanism
To prevent a rush of 'on-chain scientists' at the moment of opening, the Wise Monkey team designed a 'counter-sniping mechanism' for the launch. Specifically, only those who hold at least $1,000 worth of FLOKI and TOKENFI as of December 9th, 11 PM Beijing time (snapshot taken) can purchase MONKY tokens in the first 10 minutes after the launch, and there is a purchase limit for each wallet during this time, set at 0.02% of the total token supply. After 10 minutes, all addresses will be able to purchase MONKY tokens.
Proposal passed for Floki treasury to invest $300,000 in MONKY tokens
Yesterday, Floki DAO released a new proposal to use treasury funds of $300,000 to purchase MONKY tokens, which was ultimately passed with a support rate of 99.87%.
Passed the new proposal with a support rate of 99.87%
This proposal was almost unanimously approved, as the last investment proposal was related to the investment in CAT supported by Floki, where the proposal passed to invest $200,000. In less than 4 months, the value of the tokens purchased exceeded $3.6 million, an astonishing 18-fold increase.
Summary
Although most users cannot participate in the purchase of MONKY tokens within the first 10 minutes after the launch, this project is still worth paying attention to.
First of all, MONKY sparked widespread discussion in the community before its launch, with many KOLs both domestically and internationally supporting the project. Even if one cannot purchase within the first 10 minutes of the launch, there might still be an opportunity to 'get in' after a potential pullback.
Secondly, Floki DAO passed a new proposal to invest $300,000 in MONKY tokens. Compared to the previous $200,000 investment in CAT tokens, this amount has increased by 50%. It is noteworthy that the CAT token achieved an 18-fold increase in value within just 4 months, indicating that members of the Floki Dao organization have higher expectations for the Wise Monkey project.
Finally, recently Binance has successively launched BNB Chain ecosystem Meme projects such as Cheems and KOMA, perhaps signaling that the Meme craze is rising on the BNB Chain. As a token issued by Forj, a subsidiary of Animoca Brands, and supported by Floki, MONKY is expected to perform well at launch.