Monkey: A Leading Memecoin Revitalizing the Crypto Space with Monkey Meme Power

What is Monkey

Friends, today let’s talk about a blockchain project called “Monkey”, with the token ticker MONKY. You can think of it as a “wise monkey” in the crypto world, drawing inspiration from the ancient proverb “see no evil, hear no evil, speak no evil”. It aims to promote a spirit of positive community collaboration and rational communication in the digital world of blockchain, which is full of novelty and challenges.

This project is jointly launched by Ape Accelerator and Forj (a subsidiary of Animoca Brands). It’s not just an ordinary digital currency, but aspires to become a symbol of cultural significance and financial value within the Web3 ecosystem (that is, the next generation of the internet—more decentralized, with users owning their data and assets). The MONKY token runs on the Binance Smart Chain (BNB Chain), which you can think of as it riding on Binance’s “highway”, enjoying the efficiency and low costs that come with it.

Simply put, the initial goal of the MONKY project is to be a memecoin, meaning a project driven mainly by community enthusiasm and cultural resonance. However, it hopes to transcend the typical memecoin category through its unique cultural meaning and strong partnerships, becoming a more influential presence.

Project Vision and Value Proposition

The vision of the MONKY project, much like the three wise monkeys, is to encourage collaboration in the blockchain world, collectively resist misinformation, and build a sustainable ecosystem where every community member feels valued and empowered. They hope to integrate the ancient wisdom of the “three wise monkeys” into modern blockchain technology, redefining the narrative of memecoins—transforming them from mere speculative tools into a movement with profound cultural and financial significance.

The core issue it aims to address is: in the information-overloaded crypto world, how to guide the community towards more responsible communication and interaction, avoiding blind following and the interference of false information. By collaborating with well-known projects like FLOKI, ApeCoin, and Bored Ape Yacht Club, MONKY seeks to give its token broader ecosystem integration and potential future use cases, thereby enhancing its value proposition.

Technical Features

The MONKY token is issued based on the BEP-20 standard of the Binance Smart Chain (BNB Chain). This means it inherits the advantages of BNB Chain, such as fast transaction speeds, relatively low fees, and the ability to interact with other decentralized applications (DApps) in the BNB Chain ecosystem. You can think of the BEP-20 standard as a universal “language” that allows the MONKY token to circulate and be used smoothly on BNB Chain.

At project launch, the MONKY team also implemented an “anti-sniping mechanism”—a technical measure designed to prevent a few large traders from manipulating the market by quickly buying and selling (commonly known as “sniping”) when the project first goes live, thus protecting the interests of early participants.

Tokenomics

The economic model of the MONKY token is a key part of its design:

Basic Token Information

• Token Name: Wise Monkey
• Token Symbol: MONKY (Note: while the project name is Monkey, the official token symbol is MONKY)
• Issuing Chain: Binance Smart Chain (BNB Chain)
• Total Supply: There are discrepancies in the reported total supply of MONKY. Some sources state a total supply of 10 trillion (10,000,000,000,000) MONKY tokens, while others indicate 1 trillion (1,000,000,000,000). Such inconsistencies are important to note in crypto projects; it’s recommended to check the latest official announcements for accurate data.
• Initial Fully Diluted Valuation (FDV): The fully diluted valuation at project launch is $10 million.

Token Utility

Currently, the main use of the MONKY token is for trading on cryptocurrency exchanges. As the project develops and integrates more deeply with ecosystems like FLOKI and ApeCoin, there may be more use cases in the future, such as being used for payments, rewards, or governance within these partner ecosystems.

Token Distribution and Unlocking

The MONKY token’s distribution strategy places great emphasis on community incentives, with about 45.5% of the total supply allocated for community incentives, mainly through airdrops:

• FLOKI holders: 27% of MONKY tokens will be airdropped to FLOKI holders and stakers.
• TOKENFI holders: 4% of MONKY tokens will be airdropped to TOKENFI holders and stakers.
• ApeCoin (APE) holders: 10% of MONKY tokens will be allocated to ApeCoin holders.
• Floki trading bot users: 4% of MONKY tokens will be distributed as rewards to Floki trading bot users.
• GraFun users: 0.5% of MONKY tokens will be allocated to GraFun users.

This distribution method is designed to attract attention and participation from existing large crypto communities, providing MONKY with an initial user base and liquidity.

Additionally, DWF Labs has been designated as the main market maker for MONKY, responsible for providing market liquidity and helping stabilize the token price.

Team, Governance, and Funding

The MONKY project is jointly initiated by Ape Accelerator and Forj (a subsidiary of Animoca Brands). Animoca Brands is a well-known investment and development company in the blockchain and gaming sectors, and the involvement of its subsidiary provides strong backing for the project. Although specific individual core members are not explicitly listed, having established institutions as initiators adds credibility to the project.

The project emphasizes its “community-driven” nature, meaning the community may play an important role in the project’s future development and decision-making. Although the specific governance mechanism (such as whether there is a decentralized autonomous organization, DAO) is not detailed in the available information, “community empowerment” is one of its core visions.

In terms of funding, the project attracts users and distributes tokens through airdrops in collaboration with ecosystems like FLOKI, TOKENFI, and ApeCoin. The participation of DWF Labs as a market maker also indicates professional support for market liquidity.

Roadmap

Here are some key milestones and future plans for the MONKY project:

Historical Key Milestones

• December 9, 2024: Snapshot deadline for FLOKI and TOKENFI holders’ airdrop eligibility.
• December 12, 2024: Official launch of the MONKY token.
• December 15, 2024: Airdrop snapshot date (for FLOKI and TOKENFI holders).
• December 20, 2024: Distribution of airdropped tokens.

Future Key Plans

• Global Promotion and Community Empowerment: The team’s ambitious roadmap aims for global user adoption, continuous community empowerment, and ongoing innovation in the memecoin space.
• Ecosystem Integration: As the project develops, the MONKY token is expected to be more deeply integrated with partner ecosystems like FLOKI and ApeCoin, expanding its use cases.

Common Risk Reminders

Investing in any cryptocurrency carries risks, and the MONKY project is no exception. Here are some common risks to be aware of:

• Market Volatility: The memecoin market is known for its extremely high volatility, with prices potentially rising or falling sharply in a short period. This volatility can result in significant potential gains or losses for investors.
• Information Inconsistency: As mentioned earlier, there are discrepancies in the reported total supply of MONKY tokens (1 trillion vs. 10 trillion). Such inconsistencies in core data may affect investors’ judgment of the project’s value and could lead to uncertainty in the future.
• Lack of Clear Utility: Currently, the main use of the MONKY token is trading. Although the project’s vision mentions future ecosystem integration, until these utilities are actually implemented, its value mainly depends on community sentiment and market speculation.
• Intense Competition: The memecoin sector is highly competitive, with new projects emerging daily. Whether MONKY can stand out among numerous memecoins and maintain its community activity and market attention remains to be seen.
• Regulatory Risk: Global regulatory policies for cryptocurrencies are constantly evolving, and future policy changes may impact the MONKY project and its market performance.
• Technical Risk: Although MONKY is a token based on BNB Chain, the smart contract itself may have vulnerabilities, or the BNB Chain network may face security issues, all of which could result in losses for token holders.

Please remember: The above information does not constitute any investment advice. Before making any investment decisions, be sure to conduct thorough independent research (DYOR - Do Your Own Research) and consider your own risk tolerance.

Verification Checklist

When researching the project in depth, here are some key pieces of information you can verify yourself:

• Block Explorer Contract Address: The contract address for the MONKY token is
  0x59E69094398AfbEA632F8Bd63033BdD2443a3Be1
  . You can check this address on the BNB Chain block explorer (such as BscScan) to view public data like token supply, number of holders, and transaction records.
• GitHub Activity: Current search results do not mention a GitHub repository or code activity for the MONKY project. For a blockchain project, open-source code and active development are important indicators of transparency and ongoing progress. It’s recommended to look for related information through official channels.
• Official Website and Social Media: Look for the MONKY project’s official website, Twitter, Telegram, Discord, and other social media channels to get the most direct and timely project updates and community news.
• Audit Report: Check whether the project has a smart contract audit report from a third-party security company, which helps assess the contract’s security.

Project Summary

In summary, the MONKY project is a memecoin inspired by the “three wise monkeys” cultural motif, issued on Binance Smart Chain and strongly supported by Animoca Brands’ subsidiary Forj and well-known ecosystems like FLOKI and ApeCoin. The project aims to promote collaboration and rational communication in the crypto world through a community-driven approach, hoping to elevate memecoins from pure speculation to a movement with cultural and financial significance.

Its tokenomics attract attention from existing crypto communities through large-scale airdrops, with professional market makers providing liquidity. However, as a memecoin, MONKY faces risks such as high market volatility, information inconsistency (e.g., total supply), and the need for future utility development.

For those interested in memecoins and community-driven projects, MONKY offers a unique cultural perspective and strong backing. But be sure to recognize its high-risk nature and conduct thorough personal research before investing. For more details, please do your own research. This is not investment advice.