🪙Native Token: $MONKEY

$MONKEY Token and Its Ecosystem

The Degen Monkeys ecosystem revolves around its native utility token, $MONKEY, which serves various essential functions including governance, rewards distribution, and airdrops.

$MONKEY is a unique digital token hosted on MultiversX with a restricted supply of 200,000 tokens, ensuring its scarcity and high demand, thus potentially increasing its value over time.

Features of $MONKEY:

1. Rare and in Demand: Due to its limited supply, $MONKEY tokens are highly sought after, making them exclusive and valuable assets.

2. Exciting Community: Owners of $MONKEY tokens belong to an active and engaging community where they share insights, discuss token-related matters, and assist one another.

3. Useful Features: $MONKEY tokens offer versatile functionalities. Holders can participate in governance through DAO, and trade $MONKEY for EGLD or other tokens, adding to its utility and versatility.

Airdrop Mechanism:

$MONKEY tokens will be distributed via two methods:

1. Random Airdrop: Occurs to random EGLD addresses, spreading awareness and engagement among potential users.

2. Community Airdrop: Degen Monkey holders receive $MONKEY tokens based on their NFT ownership, encouraging participation and rewarding early adopters.

Token Distribution Model:

The distribution of $MONKEY tokens is meticulously structured to ensure fairness, transparency, and sustainability within the ecosystem:

• Team Development (10%): 20,000 tokens allocated to incentivize and reward the core team, aligning their interests with the long-term vision of $MONKEY.

• Marketing (20%): 40,000 tokens designated to fund marketing campaigns, partnerships, and promotional activities, enhancing visibility and adoption.

• Community Rewards (40%): 80,000 tokens allocated to reward early adopters, active participants, and contributors through incentive programs, staking rewards, and community-driven initiatives.

• Airdrops (30%): 60,000 tokens reserved for airdrops, facilitating wider distribution and engagement through targeted campaigns, social media promotions, and strategic partnerships.

Conclusion:

The $MONKEY token distribution model aims to foster growth, sustainability, and community empowerment. It's subject to periodic review and adjustment based on evolving community needs and priorities. Transparency and accountability are core principles guiding token allocation and management, ensuring equitable distribution and responsible stewardship.

Investing in $MONKEY and cryptocurrencies carries risks. Conduct thorough research and seek expert advice before investing. This information aims to provide insights into $MONKEY's ecosystem and its dynamics.