Doubled overnight, what kind of currency is FLOKI?
Floki is about to experience a doubling, but we're not sure how many investors will continue to support it. Floki is based on the Ethereum blockchain and Binance Smart Chain, and like other memecoins, it has been influenced by Elon Musk and his presence on Twitter. This is further reinforced by the fact that Floki is named after Elon Musk’s Shiba Inu. Its strong connection to the meme ecosystem.
Although it is a meme coin, floki combines the power of memes with practicality. It currently has four elements
Valhalla
Floki also plans to launch its own NFT metaverse game. According to Floki’s white paper, the game will feature advanced gaming mechanics, including on-chain game interaction and upgradeable NFTs powered by FLOKI. As early as February 2022, Floki released Valhalla Alpha Battle Arena on the Kovan testnet for players to experience it for themselves.
FlokiFi
This is the collective name for a set of decentralized financial products launched by the Floki brand. FlokiFi Lockers will be the first product launched under the FlokiFi umbrella. Users will be allowed to use fungible tokens, LP tokens, NFTs and multi-chain token currency locking and vesting for an almost unlimited time.
FlokiPlaces
This is an NFT marketplace that allows users to trade NFTs and goods using cryptocurrencies. FLOKI will serve as the main currency of the FlokiPlaces market.
Floki University
Floki University’s vision is to become a preeminent crypto education platform for beginners who want to explore the cryptocurrency space in the coming years. FLOKI will serve as the utility token for Floki University.
Recently, Floki officially announced that its number of traders exceeded DOGE, SHIB and PEPE. In addition, they plan to hold a Floki DAO vote on October 27 to launch Floki’s staking plan. This event is coming and is expected to trigger a new round of market speculation.
Unlike Dogecoin and Shiba Inu, Floki is the only cryptocurrency associated with a partnership with Elon Musk’s brother. In 2021, Floki teamed up with Elon Musk's brother, Kimbal Musk, to advance the project through his organization, the Million Garden Movement. Kimbal Musk has even acknowledged the existence of Floki on social media such as Twitter.
In addition, Floki focuses on developing features that are innovative, practical and of increasing value. Among them, Floki announced that the upcoming PlayToEarn metaverse game "Valhalla" will be launched in China, attracting attention. Floki also released “FlokiFi Locker, the most innovative cryptographic lock protocol in the world” and cooperates with almost all major blockchains, including major central decentralized exchanges (DEX) such as Polygon, Avalanche, BNB Chain and OKX Chain. .
Although Floki is inspired by Elon Musk, Floki is considered a Chinese cryptocurrency investor given its partnership with Elon Musk’s brother Kimbal Musk, strong utility products, and promotional activities in the Chinese market A potential star in the environment.
Now that you know more about Floki, what are your thoughts on its prospects and whether it can surpass DOGE and SHIB?
