What Is Floki Inu (FLOKI)?
Floki Inu (FLOKI) is another meme-themed coin, inspired by Shiba Inu, and more precisely by Elon Musk’s decision to name his dog Floki. These days investors are increasingly turning to dog-themed Cryptocurrencies. Elon Musk, Tesla’s wealthy CEO, served as an inspiration for the project. It was built by a group of Shiba Inu enthusiasts, as well as a few unknown coders. Using the Binance Smart Chain (BSC) network and the Ethereum blockchain is required. The “Floki Vikings’’ are a group of individuals in the town who share its lofty goals and aspirations.
Also Read: What Is ApeCoin?
What Makes Floki Inu Unique?
By combining humour and practicality in its token design, Floki Inu hopes to differentiate itself from other meme currencies. To establish an autonomous and decentralized ecosystem based on the Floki Inu token, which includes strategic alliances, increasing token value, and generating use cases for games and NFTs, according to the Floki Inu team’s long-term plans. A major flagship product of the company is the Valhalla NFT gaming metaverse. As described by Floki Inu, the metaverse will be a play-to-earn environment where players will win battles and earn prizes, with the option to either exchange their winnings or keep their reward assets. Valhalla’s development team hopes to draw inspiration from popular games such as Pokemon and Skyrim.
Also Read: 6 Most Important Benefits Of Bitcoin Trading
How Many Floki Inu (FLOKI) Coins Are There in Circulation?
The entire supply of Floki Inu is 10 trillion FLOKI. According to data provided by BscScan and Etherscan, there are more than 200,000 shareholders of FLOKI on Ethereum and BSC altogether. Customers have the ability to acquire FLOKI on Uniswap and PancakeSwap; however, a three percent marketing fee is applied to each transaction. This charge is intended to fund the ongoing improvement of the Floki Inu ecosystem, and the group is working toward the goal of lowering the marketing tax in the not-too-distant future after adequate money has been accumulated.
How is FLOKI Different Than DOGE and SHIB?
This project, which is still in its infancy, says that it is a SHIB-killer as well as a DOGE-killer, and that it intends to become one of the top 10 Crypto projects and kick off the next Crypto revolution. Its goal is to become more than just a meme coin story by offering a local marketplace branded “FlokiPlace.” FLOKI’s goal is to connect a fast expanding client base to the project’s usefulness with more than 230,000 tokens in circulation. There’s no denying that FLOKI’s stated goal is to establish an operational utility and to construct a platform that will be valuable to the community of token holders. An NFT game metaverse, an NFT merchandise marketplace, and an education platform are the three main components of the project, and the team is certain that they will be attractive to investors.
How is Floki Inu Network Secured?
FLOKI is a BEP-20 token on Binance Smart Chain and an ERC-20 token on Ethereum. Several new tokens on the Ethereum blockchain adhere to the ERC-20 token standard. Several decentralized apps use Ethereum as their blockchain of choice since it is among the most widely used. Ethereum’s PoW consensus assures that Ethereum is one of the safest blockchains in the Crypto market since it needs miners to mine fresh Ether. The Ethereum blockchain is secured, and PoW transactions are validated by a distributed network of nodes. The proof-of-stake consensus technique secures BSC. Every 24 hours, a new group of 21 validators is chosen to ensure the integrity of the blockchain. To become a checker, these people must deposit a particular quantity of BNB into Binance.
Where to Buy Floki?
As per some reports, the decentralized exchanges UniSwap and PancakeSwap, as well as the centralized exchanges Gate.io and MEXC Global, are the main marketplaces to buy FLOKI.
Dogecoin and Shiba Inu are two of the most popular memecoins, but FLOKI has a long way to go before it can compete with them. The meme coin craze may potentially come to a stop, which would have an effect on FLOKI in the long run. Cryptocurrency investments are notoriously hazardous, and many have failed to live up to the hype. Given the prevalence of FLOKI advertisements on London’s subways and buses, it’s clear that the company has an excellent marketing staff.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.