FLOKI/USD (-0.39%)
Floki is roughly based around many of the same principles which have come to define the Shiba Inu (SHIB) ecosystem and indeed, its founders took direct inspiration from Elon Musk himself. Floki is currently nestled within both the Ethereum and Binance Smart Chain (BSC) blockchains, so availability should not present an issue. Interestingly enough, this utility token is associated with no fewer than four unique utility projects:
- To further develop the Floki metaverse.
- To launch other decentralized projects within a so-called "FlokiFi" system.
- To market NFT-powered merchandise within a marketplace known as "FlokiPlaces".
- To educate users about NFTs by creating a "University of Floki".
Floki has been consistently rated as one of the most popular NFTs within social engagement circles. Their term has also partnered with well-known crypto projects including ApeSwap, Chainlink and Trader Joe.
A Bit About Floki
Floki was founded by a developer who chose to remain anonymous at the time. Although this individual abandoned the project, others within the community soon became actively involved in order to further promote the project to the general public.
Some core team members currently include MrBrown Whale, Sabre and B. The Floki token was actually inspired by Elon Musk's dog of the same name; a clear nod to the amount of respect that its developers have for Musk and his decidedly maverick lifestyle.
Take a closer look at this meme utility token!CryptoLists.com
Similar to other NFTs, Floki is a utility token. This specialized form of digital currency can be used to access unique products within the Floki blockchain and ecosystem. Floki can be purchased on more than 100 exchanges (at the time that this review was written); some of the most popular including Uniswap and BKEX.
One feature which sets Floki apart from standard utility tokens involves its architecture. The developers aim to strike a balance between the meme and the utility. The ultimate goal is to create a decentralized system that is completely anonymous.
This is why the term "The People's Cryptocurrency" is quite appropriate. Token holders are often referred to as "vikings" and a great deal of effort is also being directed towards refining the Valhalla metaverse. In other words, people will eventually be able to earn NFTs by playing games within this domain.
Utility of Floki?
Floki should appeal to a wide range of audiences. Those who enjoy NFT-powered games are likely to flock to the Valhalla metaverse. Staking is also another possibility and in this case, it's possible to earn a sister token simply known as TOKEN.
While the main selling point (at least at the present) involves earning NFT rewards, Floki also aims to create idle gaming options where players can tend to their virtual crops in order to further increase their holdings over time.
When we then take into account the fact that Floki has already partnered with other well-known crypto projects, this token could also represent an excellent opportunity for traders who wish to get in on the ground floor of a potentially profitable long-term venture.
Floki Price details
ETH Contract address: 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e
›› Details & Tokenomics
›› FLOKI tokenomics and social media
Advantages of Floki
+ Floki boasts an incredibly high total number of tokens.+ It has been in existence for over three years; a signal of relative stability.
+ The price of Floki tokens is not as volatile as many other tokens.
+ Floki can be purchased on two well-known blockchains.
+ The project boasts 524,00 followers on X (Twitter) alone.
Disadvantages
- Like many utility tokens, there is no guarantee of long-term success.- The price of Floki has remained relatively flat for more than one year.
- As Floki is a meme token, its value may be impacted by public sentiment.
- As the Floki team is anonymous, accountability could be an issue.
- A high circulating supply signifies that the price per token is quite low.
Costs
▪ Rated at 9/10Like other utility tokens, Floki requires funding in order to remain afloat. This is why small fees are charged when performing transactions. According to their DevOps team, traders will be charged a transaction tax of 0.3% when buying or selling a position.
However, the good news is that you won't be subject to any commissions when performing transfers.
Floki generates further revenue through selling their digital utility products. Still, note that some third-party cryptocurrency exchanges may charge additional fees. Be sure to determine whether or not this is the case in advance.
Reputation and Buzz
▪ Reputation rated at 9/10▪ Buzz rated at 9.5/10
What's the deal with Floki at the moment? In terms of popularity alone, there are currently more than 1.7 million Floki token holders as well as 76.6 million staked tokens. This is obviously attracted the attention of major players.
For instance, it was recently announced that DWF Labs is set to purchase 10 million dollars in Floki tokens in order to further boost the ecosystem.
Considering the fact that Elon Musk himself has stood by the project since its initial launch, it's no surprise that Floki has continued generating a fair amount of interest from its audience base as well as the general public.
FAQ
How many Floki tokens have been created?
The total number of Floki tokens currently stands at 10 trillion.
What is the highest price that these tokens have ever reached?
The price of a Floki token peaked at 0.0003118 dollars in November 2021.
Is Floki a secure utility token?
Floki is backed up by a proof-of-stake consensus. 21 separate individuals (known as validators) are selected every 24 hours in order to ensure that all transactions have been performed correctly and that the blockchain is secure.
History of Floki
25 June 2021 - The Floki utility token is officially launched. This is also when Elon Musk first tweets about its release.
05 November 2021 - The price of Floki reaches an all-time high. Its volume also peaked at 117.59 million dollars within this 24-hour period.
20 November 2023 - Floki and TokenFi join forces in order to partner with the Bhilwara Kings and the Manipal Tigers. These are two of the most well-known cricket teams throughout India.
28 February 2024 - DWF Labs announces that it plans on purchasing 10 million dollars worth of Floki tokens. This purchase will be made over a two-year period.
29 February 2024 - The price of Floki surges by more than 16% in a single trading day. This is likely due to the recent announcement by DWF Labs.
Screenshots from Floki
More sites where to buy/sell/trade Floki
Below you can see some other platforms, exchanges and/or brokers where you can buy, sell or trade this token. Click on the logo to read our review.
Floki details and tokenomics
BNB Contract address: 0xfb5b838b6cfeedc2873ab27866079ac55363d37e
