Wise Monkey Describes Itself As 

The Wise Monkey (MONKY) token is a memecoin inspired by the "Three Wise Monkeys" proverb: “see no evil, speak no evil, hear no evil.” Launched by Ape Accelerator, in collaboration with Forj, a subsidiary of Animoca Brands, the project seeks to blend cultural wisdom with modern crypto trends, targeting both blockchain gaming and decentralized finance (DeFi) audiences. The project launch was accompanied by a significant airdrop campaign for holders of FLOK (FLOKI)I, TokenFi (TOKEN), and ApeCoin (APE), aimed at fostering wide distribution and cross-community engagement.

Project Function

Community and Cultural Appeal: As a memecoin, MONKY leverages the universally recognized "Three Wise Monkeys" proverb to resonate with a global audience. 

Ecosystem Integration: MONKY plays a key role in expanding the Floki Ecosystem through proposed use cases in decentralized applications (dApps), gaming, and community rewards. MONKY also benefits from a robust ecosystem, including Ape Accelerator, Forj, and Animoca Brands.

Token Details

MONKY is a BEP-20 token launched on the BNB Chain. 

Total Supply: 10 trillion MONKY.

Airdrop Allocation: 45.5% of the total supply earmarked for airdrops, distributed as follows:

• 27% to FLOKI Holders and Stakers: Equivalent to 2.7 trillion tokens, distributed at 0.35 MONKY per 1 FLOKI. Snapshot date: December 15, 2024.
• 4% to TokenFi (TOKEN) Holders and Stakers: Distributed at 130 MONKY per 1 TOKEN. Snapshot date: December 15, 2024.
• 10% to ApeCoin (APE) Community: Includes APE holders (8%), Ape Accelerator supporters (1%), and ApeFest attendees (1%), with a fixed distribution of 804,828 MONKY per eligible wallet. Snapshot date: November 29, 2024.
• 4% for Floki Trading Bot Users: Distributed based on trading volume during a three-month campaign period (details pending).

About the Founders

MONKY was launched by Ape Accelerator, an incubator and launchpad designed for ApeCoin holders. Ape Accelerator is funded by ApeCoin DAO, and specializes in accelerating projects that benefit the ApeCoin ecosystem. 

The collaboration with Forj adds another layer of strategic support, bringing with it Animoca Brands’ experience across gaming, NFTs, and DeFi. 

Risks of MONKY

Like an investment in other crypto assets, there are some general risks to investing in MONKY. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in MONKY is subject to the following specific risks:

• Any potential success associated with MONKY is reliant on the develop of its applications and use cases, the growth of its decentralized community, and their continued trading and enthusiasm for the asset. These factors are difficult to predict, and could result in very high volatility.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with MONKY. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The MONKY community is not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of MONKY have no recourse to the MONKY community or Uphold if MONKY declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing MONKY on the Uphold Platform, Uphold performed due diligence on MONKY and determined that MONKY is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

• The creation, governance, usage, and design of MONKY, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
• The supply, demand, maturity, utility, and liquidity of MONKY.
• Any marketing materials put forward by the MONKY social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
• Material technical risks associated with MONKY, including any code defects, security breaches and other threats concerning MONKY and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
• Legal and regulatory risks associated with MONKY, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of MONKY. 

General

Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on December 17, 2024.