What is Floki Inu?
The Floki Inu token or FLOKI is a memecoin. It’s the driving force behind the community-driven project - Floki.
FLOKI is deployed on both Ethereum and BNB Smart Chain. Therefore, it comes in the form of ERC-20 and BEP-20 tokens.
Floki provides an atomic swap bridge for moving their tokens between the two different blockchains. There are no fees associated with the bridging process.
This memecoin can be used as a medium of exchange within the Floki ecosystem.
All transactions made with the Floki Inu token are charged a tax of 3%. The entirety of this tax is sent to the FLOKI treasury. The latter is responsible for covering the development of the Floki project and its ecosystem as well as monitoring and managing the growth of the memecoin via various marketing efforts.
There is a max cap of 10,000,000,000,000 FLOKI tokens. This means that Floki Inu is deflationary. In other words, it’s possible that as the FLOKI tokens become more scarce, the Floki Inu price will increase.
Anyone can acquire Floki Inu tokens via major decentralized and centralized exchanges. Check out our recommended list of exchanges above.
Since FLOKI is a cryptocurrency, its price tends to fluctuate. In order to make an informed purchase decision, you can have a better look at the Floki Inu price history or the current FLOKI price in the above section.
What are the Main Features of Floki Inu?
The story behind the project stems from a tweet made by Elon Musk. In the tweet, he announced that his new family member, a Shiba Inu, will be named Floki.
This is where SHIB holders come in. The Shiba Inu community grabbed the opportunity to create an entirely new memecoin inspired by Elon Musk.
Why Elon Musk, you ask? Musk is one the main reasons why memecoins became popular in the first place. He is the driving force behind the popularity of Dogecoin which also came from a single tweet.
While Elon Musk has openly supported Dogecoin, there haven’t been any instances of him talking in favor of Shiba Inu or Floki Inu memecoins.
As discussed in the What is Floki Inu section, the Floki Inu token is deployed on both Ethereum BNB Smart Chain. This makes FLOKI a cross-chain memecoin.
Floki claims that liquidity on both of these blockchains has been locked for 265 years.
One of the primary goals of the Floki project is to create the most commonly used cryptocurrency on a global scale.
Besides, charitability is one of the core values of the Floki project. It aims to help build schools for communities that desperately need them.
The core utility of FLOKI lies within the Floki Inu ecosystem. It consists of 3 major projects: Valhalla, FlokiPlaces, and Floki University.
Valhalla is the main project with the highest level of priority. It’s an NFT-based P2E gaming experience set in an exclusive metaverse. Valhalla is a completely free-to-play blockchain game based on turns. Players interact with the metaverse via their in-game character called Vera.
This blockchain game features a unique turn-based battle system, gardening, ships, and exclusive items.
FlokiPlaces is an NFT marketplace that doubles as a digital merchandise platform. It’s currently in development.
Floki University is an educational platform centered around the world of blockchain technologies. It’s targeted at informing both beginners and experts.
Floki is working towards growing the utility of the FLOKI memecoin. It has signed partnerships with CryptoCart and Curate. This expanded the number of marketplaces that accept FLOKI as a payment method. It includes both digital and physical items.
At the time of writing, there are over 400,000 Floki Inu token holders.
Floki has been audited by Solidity and Certik. The audit reports are publicly available for anyone to review.
Who Developed Floki Inu?
The Floki Inu crypto project was launched in 2021. The founding team behind the project has chosen to maintain their identities hidden. Therefore, they go by pseudonyms - Jackie Xu who takes the role of the lead developer at Floki while the core contributors are Sabre, B (The Viking), MrBrown Whale, and PetaByte Capital.
It’s a bit of an unusual approach as the majority of memecoin projects remain entirely anonymous.
Floki has managed to establish partnerships with major players in the crypto industry including Huobi, Chainlink, and Certik, among many others.
Don't forget to check the Floki Inu price via the graph above before making purchase decisions.