FlokiFi is the umbrella name for a suite of decentralized finance products under the Floki brand. Floki is officially the world’s biggest #PlayToEarn cryptocurrency according to @CoinMarketCap, surpassing established players like $AXS, $SAND, $MANA, and $GALA. KuCoin platform was designed for investors of all types, with 24/7 world-class services in your preferred channel and language.
What is Floki (FLOKI)? From Meme to Utility
They created a DAO where the future of Floki is decided by its community. The community calls itself the “Floki Vikings” in honor of Floki (Musk’s dog) that was named after a Viking character. Floki vows to take its community efforts seriously and has been listed several times in the Top 10 of LunarCrush’s social engagement leaderboards.
From meme to
Users must hold a certain amount of FLOKI tokens in their wallet to make their characters playable. Players can perform various actions such as battle, farm, and raid to earn FLOKI tokens. In addition, players get complete ownership of their in-game assets, which they’re free to sell at any time. FlokiFi is the ecosystem’s umbrella name for the upcoming suite of DeFi products that will be powered by FLOKI. The first product is “FlokiFi Locker”, which is claimed to be the industry’s most innovative protocol for securing digital assets.
What Is Floki Inu
BitMart is a user-friendly crypto exchange that allows users to trade hundreds of digital assets. Floki, in pushing the frontier in the crypto space, has launched an NFT and Merchandise marketplace. This will enable trading in-game assets, NFTs, and other items needed to play in Valhalla.
- Floki minted 10 trillion tokens, while Shiba Inu created 589 trillion tokens.
- AscendEX, formerly BitMax, is a leading digital asset exchange providing innovative, secure, and reliable trading services to global users.
- The industry’s most comprehensive insurance coverage and verified proof of reserves.
- Thus, the future looks promising, with enormous prospects for good ROI, particularly during the bull market as adoption grows.
The Floki team participates in charitable projects and has a mission to build a school in every continent for the world’s every underdeveloped nation. The Floki team announced that the launch of the game’s playable Alpha Battle Arena Testnet went live in May 2022. The game incorporates successful elements from games like Pokémon, Animal Crossing, Farmville, and Skyrim. It offers various features such as a gardening system for players to grow their crops, battling and capturing creatures called Vera, which later can be sold as NFTs. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.
Buying Floki on OKX
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 team of developers behind Floki Inu quickly swung into action, taking advantage of Musk’s influence on the price movement of these memecoins to create a new dog-themed token. By Sept.12, when Elon Musk announced that his family had finally adopted the puppy, FLOKI was already trading in the market. Floki Inu has become one of the most popular dog copycat coins in the crypto market. It was inspired by Elon Musk, the billionaire CEO of the electric car manufacturer Tesla.
Swapzone is a reliable and secure crypto exchange providing users with a convenient way to swap and buy cryptocurrencies. CoinW providies a one-stop digital asset service portal for 220 million cryptocurrency what is the inventory turnover ratio users around the world. Binance TR is a fiat-to-crypto and crypto-to-crypto exchange for users in Turkey. It leverages Binance’s industry-leading technology, security, and liquidity through Binance Cloud.
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. The tax is used for several purposes, such as project creation and awareness, collaborations, charities, and care of the environment through its partnership with the Million Gardens Movement. The FLOKI coin was launched on the Ethereum blockchain with a total supply of 10 trillion. Later, the cryptocurrency was also launched on the Binance Smart Chain with a supply of 10 trillion.
However, nearly 5 trillion tokens were already burnt in February 2023 on the Floki cross-chain bridge. On top of that, the community regularly votes to buy back and burn FLOKI tokens from the market. The burning of FLOKI tokens is baked into the ecosystem at a contract level, for multiple interactions. For example, when using Floki’s DeFi platform, FlokiFi, only 75% of the fee goes to the treasury.
Our famous Floki Viking community participates in testing and gives feedback throughout the process. Valhalla’s team of 20+ game developers are releasing the game in iterations. You may be familiar with this approach from popular games like League of Legends and Fortnite. Eventually, the Floki DAO will help decide Valhalla’s future development. While many Shiba Inu-based tokens were created to surpass the success of Dogecoin, the two most prominent tokens in the group are Floki and Shiba Inu.
A decentralized tool that accesses the deepest liquidity and lowest slippage. The industry’s most comprehensive insurance coverage and verified proof of reserves. Alchemy Pay (ACH) is a payment solutions https://cryptolisting.org/ provider that seamlessly connects fiat and Floki. No part of the content we provide constitutes financial advice, legal advice, or any other form of advice meant for your specific reliance.
You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.
Uniswap is a decentralized crypto exchange that enables users to trade Ethereum tokens in a secure and trustless environment. Like most meme coins, Floki was initially launched by anonymous developers who eventually rugged the project, leaving investors stranded and scampering for their funds. However, these investors came together and relaunched the project, setting guidelines and structures for the sustenance of the project and protecting their investment.
The is a circulating supply of over 9 trillion tokens, and the project has a fully diluted market capitalization of $243 million. The total supply of FLOKI tokens is 10 trillion, meaning that for FLOKI to reach $1 per coin, the entire project would have a market capitalization of $10 trillion. As the digital asset market is only worth over $1 trillion, it is highly unlikely that FLOKI will hit $1. 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.
The hype, however, fizzled out as a broader crypto bear market weighed down on riskier bets, leading to tokens such as FLOKI to fall as much as 94% from their peak. Floki (FLOKI) developers plan to introduce a staking feature in return for a new utility token, chief developer “B” told CoinDesk in a Telegram message on Wednesday. The staking feature and the new token will increase investor interest in the Floki ecosystem.
As such, any recommendations or statements do not take into account the financial circumstances, investment objectives, tax implications, or any specific requirements of readers. Investing in cryptocurrencies of this kind is particularly risky, and many have failed to deliver on expectations. FLOKI has so far proven that it has a commendable marketing team, especially given that its ads were seen all over London’s public transport. They intend to develop the Floki Inuversity into a platform with the biggest database of crypto content, which everyone on the internet can access using FLOKI as a means of payment. 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.