The metaverse opens up new vistas of opportunities, enabling you to create your own avatar to communicate, play, shop, create, or learn. You can own or create art or virtual property, exchange it for NFTs, and sell that property to other metaverse users.
NFTs and crypto are the keys to accessing the virtual reality of the metaverse, and many metaverse tokens are soaring in value. FLOKI is one such metaverse token created by fans and existing members of the Shiba Inu community.
FLOKI is a dog-themed metaverse crypto coin named after Elon Musk’s Shiba Inu. The Floki Inu community calls itself the “Floki Vikings” in honor of Floki (Musk’s dog named after a Viking character.)
Read on to learn everything you need to know about Floki Inu and where, why, and how to buy Floki Inu to ride the wave to metaverse success.
Let’s get right into it!
What Is Floki Inu
Memes have become a part of our everyday lives and vocabulary, so much so that many of us choose to express ourselves through memes. Similarly, the meme coin was created, a new crypto category that associates itself with an internet joke or pop culture reference.
It all started when Dogecoin was forked out from Litecoin (LTC) to become one of the most popular cryptocurrencies worldwide. Tesla founder Elon Musk was a key reason for the success of dog-themed meme coins after he tweeted about his interest and support of Dogecoin in 2021.
Floki Inu is one such dog-themed meme coin, regarding itself as a “movement” rather than a meme coin. Floki Inu (FLOKI) was developed by the Shiba Inu community members after Elon Musk bought a Shiba Inu puppy and named it Floki, after a Viking character. The Floki Inu community members call themselves Floki Vikings and have been ranked in the list of Top 10 social media engagement leaderboards by LunarCrush several times.
Floki Inu (FLOKI) Founders
The team behind Floki Inu comprises a group of pseudonymous crypto influencers who go by the names of B, PetaByte, Capital, Sabre, and MrBrown Whale. Jackie Xu is the lead developer of the Floki Inu project and is a well-known name in the world of crypto.
What Makes Floki Inu Unique
The team behind Floki Inu aimed to merge meme with utility and create a decentralized and autonomous ecosystem. Floki Inu has real-world utility through its three projects, namely:
- Valhalla: An NFT gaming metaverse based on a play-to-earn mechanism. It gives out rewards for battling, trading, or holding onto the assets obtained in its metaverse. The game incorporates successful elements from Pokemon and Skyrim games and offers various features such as a gardening system for players to grow their crops, battling and capturing creatures called Vera, etc., which later can be sold as NFTs. Valhalla has similarities with Axie Infinity, one of the most significant metaverse gaming projects. Valhalla is being developed by 11 of the most prominent names in the industry, and the number will increase to 20.
- FlokiPlaces: An NFT and merchandise marketplace where players can sell NFTs earned in Valhalla. They can buy, sell, and trade NFTs and merchandise using crypto.
- Floki University: A learning platform for anyone interested in learning more about cryptocurrencies and blockchain technology, catering to users of all experience levels.
Additionally, Floki Inu wants to bring the power of Decentralized Finance (DeFi) to give people financial freedom. To learn more about how DeFi can revolutionize the financial world, read our CoinStats guide, What Is DeFi.
Floki Inu (FLOKI) has also partnered with CryptoCart, letting Floki Inu (FLOKI) holders shop at over 1700 CryptoCart stores using FLOKI tokens. A similar endeavor is in the process with Curate (XCUR), where Floki Inu tokens will be used as a mode of payment.
As you can see, Floki Inu is a meme coin with utility, revolutionizing the way people use cryptocurrencies.
Floki Inu (FLOKI) Tokenomics
The Floki Inu (FLOKI) token was launched in July 2021 as both an ERC-20 token on the Ethereum blockchain and a BEP-20 token on the Binance Smart Chain. ERC-20 tokens are the most common tokens based on the Proof-of-Work mechanism, i.e., miners have to mine these tokens. In contrast, Binance Smart Chain works on the Proof-of-Stake consensus mechanism and only needs nodes to validate transactions on the blockchain.
The Floki Inu (FLOKI) token reached its all-time high price of USD 0.0003311 on November 4, 2021, and since then, the price has been on a downward trend. However, this is not due to any flaws with the token or the ecosystem; instead, the whole crypto market has been in a bear trap for the past 6 months due to certain global factors such as recession, wars, high inflation, and Covid, etc.
Since the FLOKI price is pretty low, this might be a great time to purchase Floki Inu and gain profit later. The Floki Inu price prediction is optimistic in the long run. However, users are advised not to take this content as financial advice and to do their own research before investing in any cryptocurrency.
Floki Inu Markets
Although Floki Inu was launched less than a year ago, it has become one of the most popular cryptocurrencies worldwide. Floki Inu is listed on several centralized and decentralized cryptocurrency exchanges, including BitMart, HuobiGlobal, Mexc, PanCakeSwapV2, etc.
Follow our step-by-step guides below to buy Floki on some of these crypto markets.
How to Buy Floki Inu On HuobiGlobal
HuobiGlobal is a popular centralized crypto exchange that lets you buy Floki Inu (FLOKI). HuobiGlobal was launched in 2013 in China. It currently operates in South Korea, Hong Kong, Japan, and the United States.
- Create an Account
The first step in buying Floki Inu is to create an account on HuobiGlobal. For this, you have to sign up using a valid email address and your name. Once you’ve signed up successfully, you’ll receive a verification link to verify your email address. To purchase Floki Inu and make fiat deposits and withdrawals on HuobiGlobal, you need to verify your identity and complete the KYC by uploading an identity card and a selfie and providing a phone number to set up two-factor authentication. The verification process takes between a few minutes to a couple of hours to complete; then, you can trade Floki or any other cryptocurrencies on the platform.
- Deposit Funds
The next step is to deposit funds into your wallet. You can directly deposit crypto tokens or make a fiat deposit. Go to “Balance,” click on “Fiat Account,” and deposit fiat currency through Bank Transfer, Credit/Debit Card, P2P trading, or third-party payment gateways such as Neofi. Huobi supports many fiat currencies such as USD, EUR, GBP, RUB, etc. Once you’ve successfully deposited your desired amount of fiat currency, you’re one step closer to buying Floki Inu. Suppose you deposited USD into your HuobiGlobal account; the USD will be held as HUSD, which you’ll have to transfer from your Fiat to your Spot Account.
- Purchase Floki Inu
The next step in buying Floki Inu is first to buy USDT, as FLOKI/USDT is the only trading pair available for Floki Inu. The HUSD, transferred from Fiat to your Spot account, can be used to buy USDT. Make sure you have enough USDT in your account to buy Floki, then select the FLOKI/USDT trading pair and simply enter the amount of USDT you wish to buy Floki for. Once you’ve successfully placed your order, it’ll be fulfilled within a few seconds, and the tokens will reflect in your account. Congratulations, you’ve learned how to buy Floki Inu on HuobiGlobal.
How to Buy Floki Inu on PancakeSwap
Launched in 2020, PancakeSwap was the first decentralized crypto exchange to offer Floki Inu to its users. PancakeSwap is one of the largest decentralized exchanges, with more than USD 100 million in 24-hour trading volume. Let’s look into how to buy Floki Inu on PancakeSwap.
- Connect Your Wallet
To buy Floki, you must first connect your crypto wallet, such as Metamask or Trust Wallet, to PancakeSwap. Make sure the wallet has a sufficient amount of BNB tokens, which you’ll need to purchase Floki Inu. Once you’ve given permission to PancakeSwap to connect to your crypto wallet, you are on your way to buying Floki Inu without needing any KYC verification, etc.
- Import the Floki Inu Contract Address
Go to “Swap” and add the Floki Inu Contract Address. For that, click on the Drop Down Arrow next to “CAKE,” search for Floki Inu, and then click on Import.
- Purchase Floki Inu
To buy Floki Inu, enter the amount of BNB you wish to buy Floki Inu for, and then click on Swap. The order should be fulfilled in seconds, and the Floki Inu tokens will be reflected in your wallet.
Storing Your Floki Inu
Now that you know how to buy Floki Inu on centralized and decentralized crypto exchanges, the next step is to store your Floki Inu and other crypto assets securely. While most exchanges have mechanisms in place to protect users from cyber attacks, etc., there are still some dangers to storing your crypto assets on the exchange platforms long-term. It’s always a great idea to store your crypto assets in a safe and secure wallet under your control.
A crypto wallet can be of two kinds: a software wallet and a hardware wallet. A software wallet is connected to the internet at all times. One of the best software wallets you can use to store Floki Inu is the CoinStats Wallet. The CoinStats Wallet stores your assets securely and enables you to monitor and manage your entire portfolio through the crypto portfolio trackers.
Hardware wallets, also known as cold wallets like Ledger or Trezor, are the most secure solutions since they include secure offline storage and backup functionality. These are better suitable for experienced users with a large number of tokens.
As you can see, Floki Inu is not just a meme coin. Although Floki Inu’s price is in a downward direction, it’ll be one of the biggest gainers once the crypto market picks up. So, now might be the best time to buy Floki Inu, and you already know how to do it.