what is floki

Eventually, the Floki DAO will help decide Valhalla’s future development. Floki Inu claims it is also developing a fully functional crypto commerce platform that will allow users to trade various merchandise, collectibles, and NFT using FLOKI as the main native currency. Floki is designing a non-fungible token (NFT) gaming metaverse known as Valhalla, which will feature a play-to-earn business model, on-chain gaming interactions, and upgradeable NFTs.

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what is floki

Floki Inu has been making waves since it was launched as investors try to get in as early as possible. That said, here’s a comprehensive guide detailing everything you need to know about the cryptocurrency. Floki Inu (FLOKI) is another meme-themed coin, this time inspired by Shiba Inu, and more precisely – by Elon Musk’s decision to name his dog Floki. In the blockchain tech, grasping the concept of what is hash is essential.

Take Action on FLOKI

Floki is bringing power to the people through GameFi, DeFi and crypto education. Investing in cryptocurrencies of this kind is particularly risky, and a lot of them have failed to deliver on the expectations. FLOKI has so far proven that it has a commendable marketing team, especially given that ads of it were seen all over London’s public transport. FLOKI has a long way to go before it can potentially rival some of the leading memecoins, such as Dogecoin and Shiba Inu. It’s also worth noting that the entire memecoin trend might also come to a halt, which will surely have an impact on FLOKI.

From Meme to Dream

Being the older coin, Shiba Inu is backed by a well-developed Web3 ecosystem with its own decentralized exchange, ShibaSwap, and a Layer 2 blockchain. Floki is developing towards similar goals, while also developing games and other projects where users can use their tokens. The utility pillar aims to develop various projects, such as Valhalla and Floki Places, where users can utilize FLOKI as payment to trade NFTs and purchase physical goods. For those who want to explore the cryptocurrency market in more depth, Floki Inu offers Floki University, where users can learn more about blockchain and crypto. The project’s latest version aims to provide utility by creating its own blockchain ecosystem and giving back to its ecosystem through charitable initiatives. Floki has also teamed up with the Million Gardens Movement, a gardening campaign founded by Elon Musk’s brother, Kimbal Musk.

With its ambitious plans and consistent performance, Floki’s journey ahead promises to be a thrilling one. As always, potential investors should carry out thorough research or consult with financial advisors before making investment decisions. Floki boasts of a highly experienced yet anonymous team proficient in varied disciplines like blockchain technology, software development, marketing, and business development. Despite their anonymity, the team’s commitment to realizing Floki’s vision remains steadfast. Both FLOKI and FlokiFi were certified by CertiK, a leading security-focused ranking platform to analyze and monitor blockchain protocols and DeFi projects. Floki’s smart contracts running on the BSC and ETH blockchains have been audited by Solidity Finance.

Floki was launched in 2021, capitalizing on the buzz when Elon Musk named his Shiba Inu dog ‘Floki’. Transparency and community engagement, the core values ingrained from Floki’s inception, were instrumental in propelling the project’s community-driven movement. Everything that’s accomplished is done by and for the Floki community. With an extensive roadmap and an innovative spirit, FLOKI is marching towards wider acceptance and adoption. Although the token’s supply is massive, the project’s commitment to periodic buy and burns helps to preserve the asset’s value. Meanwhile, some products in the ecosystem even have burn mechanisms built into them.

  1. The Floki Inu team claims it is working on building a de-facto platform for anyone looking to learn more about cryptocurrency.
  2. The circulating supply is not publicly known, but the maximum supply is 10 trillion FLOKI coins.
  3. Starting with the original dog-themed memecoin DOGE, charity has always been important.
  4. Coupled with the power of community and utility services such as the marketplace, FLOKI seems to be the project worthy of crypto enthusiasts’ and investors’ attention.

Additionally, the DAO voted to reduce the 3% transaction tax levied on each buy and sell to 0.3%. This will go into the Floki treasury and is primarily used to develop the ecosystem and create awareness for mass adoption. The price of the FLOKI token soared by 14% following the DAO proposal to burn 4.97 trillion tokens (about $55 million). Floki is a multi-chain protocol launched on the Ethereum and Binance Smart Chain networks as ERC-20 and BEP-20 tokens. Every transaction (buy and sell) using the FLOKI token is subject to a 0.3% tax, previously 3%, which goes to the Floki treasury.

Floki Inu aims to educate the growing audience on crypto through its metaverse university while increasing awareness of the Floki Inu ecosystem. Most of the curriculum will be free, while some specialty courses might require FLOKI tokens. FLOKI was relaunched just three months ago and since then its price has increased more than 120x, the credit goes to the Floki Vikings community on social media platforms. Adding FLOKI (FLOKI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. If you would like to know where to buy FLOKI at the current rate, the top cryptocurrency exchanges for trading in FLOKI stock are currently Bitcoiva, Binance, OKX, Bybit, and Bitget. The token facilitates transactions and is needed to carry out certain functions in the ecosystem.

They intend to develop the Floki Inuversity into a platform with the biggest database of crypto content that everyone on the internet can have access to using FLOKI as a means of payment. The product is currently still under development and is scheduled to be launched in 2022. The project runs on both the Ethereum blockchain and the Binance Smart Chain (BSC) network.

The first one is the community which governs and drives the project’s development. From being a memecoin, FLOKI has developed into a token with utility by offering users https://cryptolisting.org/ a gaming NFT metaverse, marketplace, educational platform, DeFI tools, merchandise and more. The team is dedicated to its mission of making a positive real-world impact.

Neither the authors of this website nor any participants in the Floki project accept any liability for losses or taxes that holders, purchasers or sellers of Floki may incur. The value of Floki may decrease and may be highly volatile.This website is not directed towards any person located in a jurisdiction where purchasing, selling or holding Floki is prohibited or regulated. Starting with the original dog-themed memecoin DOGE, charity has always been important. The Floki community also embraces its philanthropic side to help those in need.

Although FLOKI rose as a meme coin, it claims it has a deeper purpose. Undoubtedly, investors are wondering if the coin is a worthwhile investment. Here are seven things any prospective Floki Inu buyer should know about the latest pup coin.

Floki Inu has a total supply of 10 trillion tokens, with nearly 50% presumably burned on Ethereum and Binance Smart Chain. At the time of this writing (November 1st, 2021), FLOKI currently has a market cap of $2.1 billion. Within the first few months of its existence, the memecoin has experienced a significant price increase. However, in September, the price soared by more than 250,000%, seeing the memecoin reach new all-time highs (ATHs). While many of these projects do not make it to the spotlight, some, like Shiba Inu (SHIB), took the market by storm and even outperformed DOGE on the top 10 largest cryptocurrencies by market cap.

FlokiPlace will serve as a store where people can buy or sell NFTs and other digital products with crypto. However, $FLOKI remains the primary cryptocurrency of the marketplace and the other Floki products. Before this, Elon Musk what is best monacoin mining pools has been very influential in the growing popularity and increasing market demand of meme coins, particularly Dogecoin. As with most meme coins, the actions of celebrities or influencers significantly affect their prices.