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About FLOKI
Key Points
- Floki (FLOKI) is a people’s cryptocurrency and utility token of the Floki Ecosystem.
- It has 4 flagship utility projects: Valhalla (NFT gaming metaverse), FlokiFi (decentralized finance products), FlokiPlaces (NFT and merchandise marketplace), and University of Floki (content and education platform).
- The community has 400,000+ holders and has partnered with Chainlink, Trader Joe, and ApeSwap.
- Floki has a core team and a lead developer, Jackie Xu, with over a decade of blockchain experience.
- Key decisions are made through a DAO vote with FLOKI tokens.</li
About FLOKI Inu: The People’s Cryptocurrency
Floki (FLOKI): A Comprehensive Overview
Floki (FLOKI) is the people’s cryptocurrency and the utility token of the esteemed Floki Ecosystem. Born from the passion of fans and members of the Shiba Inu (SHIB) community, it draws inspiration from, and pays homage to, Elon Musk’s beloved Shiba Inu.
Notably, Elon Musk has professed his admiration for Dogecoin, despite publicly disavowing any ownership of SHIB. Meanwhile, Floki Inu is diligently developing four flagship utility projects:
- Immerse yourself in Valhalla, a revolutionary NFT gaming metaverse.
- FlokiFi: a comprehensive suite of decentralized finance products, redefining the future of DeFi.
- Discover FlokiPlaces, a vibrant marketplace where NFTs and merchandise converge.
- Expand your knowledge at the University of Floki, a cutting-edge content and education platform.
The community has adopted the moniker “Floki Vikings” as a tribute to Floki, Elon Musk’s canine companion, named after a legendary Viking character. Floki is committed to fostering a strong community and has consistently ranked among the top 10 on LunarCrush’s social engagement leaderboards. Furthermore, Floki has formed strategic partnerships with prominent crypto projects, including Chainlink, Trader Joe, and ApeSwap, to power its innovative FlokiFi Locker digital asset locker protocol.
Floki is occasionally referred to, by some, as “Floki Inu”, a moniker that has gained traction among enthusiasts.
The Visionaries Behind Floki: Unveiling the Founders
Floki is a decentralized, community-driven initiative, where collective governance and decision-making processes are truly democratized.
Initially, an anonymous developer launched the project, only to abandon it shortly after its inception. However, the community rallied together, took the reins, and successfully relaunched the project, transforming it into a globally recognized cryptocurrency brand with an impressive 400,000+ holders within its first year.
Floki’s core team, comprising pseudonymous personalities B, Sabre, and MrBrown Whale, serves as the vanguard of its community’s interests. At the helm of the project is lead developer Jackie Xu, a respected and doxxed industry figure with over a decade of blockchain expertise. The team has announced that Valhalla, a revolutionary NFT gaming metaverse, is being crafted by a seasoned team of 20 individuals boasting a cumulative 50 years of experience.
Crucial decisions impacting the trajectory of Floki as a project are determined through a decentralized autonomous organization (DAO) voting mechanism, wherein stakeholders exercise their voting power by leveraging their FLOKI tokens.
Floki’s Distinctive Edge: A Revolutionary Approach
Floki seeks to differentiate itself from other meme coins by synergistically merging humor with practical applications. The team envisions a long-term future where an autonomous and decentralized ecosystem takes shape, featuring strategic collaborations, intrinsic token utility, and innovative use cases for the Floki brand, encompassing NFTs, gaming, and decentralized finance functionalities.
Floki Inu’s flagship product is the NFT gaming metaverse, Valhalla, a play-to-earn ecosystem where users can earn rewards for battling and trade or hold onto assets acquired within the metaverse. Inspired by the success of games like Pokémon and Skyrim, the team aims to incorporate their most compelling elements into Valhalla. Within this immersive universe, players can capture and battle creatures known as Vera, while also cultivating crops through a gardening system, which can later be sold as NFTs. By developing Valhalla, Floki Inu seeks to follow in the footsteps of pioneering games like Axie Infinity (AXS), which have popularized the concept of playing and earning on the blockchain through engaging gaming experiences.
Floki (FLOKI) Coin Circulation: Understanding the Total Supply
Floki boasts a staggering total supply of 10 trillion FLOKI tokens. Notably, according to BscScan and Etherscan, the cryptocurrency has garnered an impressive following, with over 400,000 holders on both Ethereum and BSC combined. Furthermore, users can acquire FLOKI on prominent decentralized exchanges, Uniswap and PancakeSwap, although each purchase is subject to a 0.3% tax, which will be allocated towards the sustained development and growth of the Floki ecosystem.
The Security Architecture of the Floki Network: A Robust Framework
FLOKI exists in a dual capacity, functioning as both an ERC-20 token on the Ethereum network and a BEP-20 token on the Binance Smart Chain.
ERC-20 is the de facto token standard that most newly minted tokens adhere to when launching on the Ethereum blockchain. As one of the most popular and widely adopted blockchain platforms, Ethereum has established itself as the go-to solution for a multitude of decentralized applications. Its proof-of-work consensus mechanism, which relies on miners to validate new Ether, has earned Ethereum a reputation as one of the most secure blockchains in the cryptocurrency landscape. A decentralized network of nodes works in tandem to validate transactions and ensure the integrity of the Ethereum blockchain.
The Binance Smart Chain (BSC) is fortified by a proof-of-stake consensus mechanism, which ensures the integrity of the network. Every 24 hours, a cohort of 21 validators is elected to validate transactions and safeguard the blockchain’s security. To be eligible for this esteemed role, these validators must stake a predetermined amount of BNB coins with Binance.
Will Floki Soar to the $0.01 Milestone?
Owing to its exceedingly high supply, it is improbable that FLOKI will ever attain the one-cent milestone. Nevertheless, the token has been on a remarkable upward trajectory since the end of October 2021, consistently setting new all-time highs almost daily. Consequently, it is entirely plausible that FLOKI will, at the very least, reach 0.1 cents in the future.
In Which Exchanges Can You Acquire Floki (FLOKI) Tokens?
FLOKI is proudly listed on a plethora of esteemed exchanges, including Huobi, Gate.io, Bybit, Uniswap (V2), BKEX, and PancakeSwap (V2), further solidifying its widespread availability.
New to the world of cryptocurrency? Explore our comprehensive guide on entering the market and acquiring FLOKI or any other token, available in the CoinMarketCap education portal — Alexandria.
Associated Resources:
Discover Dogecoin (DOGE), the quintessential meme coin that has captured the hearts of many.
Discover Shiba Inu (SHIB), a captivating canine-inspired cryptocurrency that’s making waves in the digital landscape.
Discover Axie Infinity (AXS), a captivating play-to-earn game that has garnered significant attention in the gaming and cryptocurrency communities alike.
Delve into the intricacies of FLOKI through our comprehensive token analysis.
Stay ahead of the curve with the latest cryptocurrency news and expert trading insights, all in one place, on the CoinMarketCap blog.