What Is Floki Inu
FLOKI is a dog-themed meme coin launched in June 2021. Floki Inu (FLOKI) was developed by the Shiba Inu community members inspired by Tesla founder Elon Musk's tweet saying his Shiba Inu puppy would be named Floki, after a Viking character. The Floki Inu community calls itself the "Floki Vikings" in honor of Floki.
FLOKI is a metaverse token and the utility coin of the Floki ecosystem. According to the project's official website, FLOKI combines the power of memes with real utility and charitability. The coin revolutionizes how people use cryptocurrencies, aiming to bring the power of Decentralized Finance (DeFi) to give people financial freedom.
Floki Inu has real-world utility through its three projects: an NFT metaverse game Valhalla, an NFT and merchandise marketplace FlokiFi, and a crypto educational platform Floki University.
Valhalla GameFi metaverse
Valhalla is the Floki Inu ecosystem's flagship product. It's an NFT gaming metaverse based on a play-to-earn mechanism, where players earn rewards for participating in battles, trading, or holding onto the assets obtained in its metaverse.
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.
Valhalla is powered by blockchain, so all battles are recorded on the blockchain to ensure that all the stats and battles remain fair.
The Floki team announced that the launch of the game's playable Alpha Battle Arena Testnet went live in May 2022.
How Does FLOKI Work
FLOKI is a cross-chain coin operating on the Ethereum blockchain and Binance Smart Chain. Users can bridge their tokens from Ethereum to Binance and vice versa in minutes.
The protocol's mission is based on three pillars: meme culture, utility, and charitability.
Culture
According to the Floki Inu team, the only way to mainstream cryptocurrency and boost its wide adoption is to use the power of memes.
Floki says Floki Vikings love and live for memes as the items are relatable to everybody.
Utility
Floki aims to develop solid fundamentals for ecosystem growth, where the meme coin's utility plays a central role. As the protocol's native coin, FLOKI is its medium of exchange, allowing participants to make transactions in a decentralized way.
FLOKI coins are an easy and secure payment option for participants interacting within the ecosystem without intermediaries. Users can also stake FLOKI on the DODO exchange and receive rewards.
A 3% FLOKI tax is paid for every buy and sell transaction, and it goes to the treasury wallet to power further development and marketing activities.
Charitability
Floki considers that technology and crypto must make the world a better place.
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. In May 2022, Floki completed a school project in Nigeria. Next, they plan to build schools in Ghana, Laos, and Guatemala.
FLOKI Founders
Launched in June 2021, Floki Inu aims to become a fully Decentralized Autonomous Organization (DAO). The meme coin's website mentions that it is actively run and managed by community members.
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 project's lead developer, and according to his Twitter bio, he is "a computer scientist that enjoys innovating in the blockchain industry." Xu is also focused on researching tangential to game development. According to the Floki Inu whitepaper, Jackie XU has worked on blockchain since 2012 and has actively been engaged in smart contract development since 2017. Previously he worked as a software engineer and technical lead on various social networks and anti-fraud transaction processing systems.
Amanda Kavner, Ph.D. in Cognitive Neuroscience, is Head of Crypto Education Platform at Floki University.
FLOKI Tokenomics
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.
Users can seamlessly move their tokens between the two blockchains without paying fees. The FLOKI ETH-BSC atomic swap bridge facilitates a 1:1 swap that allows FLOKI holders to move their tokens seamlessly between the BSC and ETH blockchain. Due to the 1:1 swap, the supply and price of FLOKI between ecosystems are connected.
Users only pay a 3% transaction tax when they buy or sell.
The total supply of Floki tokens is 10 trillion. Several factors can impact the Floki Inu price, such as general market trends, the token's popularity for large investors, project updates, etc. The highest price of FLOKI was $0.0003437, reached on November 4, 2021.
Where Can You Buy FLOKI
You can buy Floki Inu on several cryptocurrency exchanges, including MEXC, LBank, BitMart, Bitrue, Gate.io, BitMax, Huobi Global, Poloniex, etc.
You're welcome to read our step-to-step guide on how to buy Floki coins.
No part of the content we provide constitutes financial advice, legal advice, or any other form of advice meant for your specific reliance. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyze and verify our content before relying on them.
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