$FLOKI More than $1.12 million in Floki tokens were burned over the past week due to strong utility demand
In the past week alone, a total of $7,369,216,304 of Floki tokens (worth $1,120,120.88 at the time of writing) have been burned due to strong demand for Floki utility products, making Floki comparable to other memos like $DOGE, $SHIB, and more , always in a deflationary state.
As demand and usage of Floki products increases, these utility-based deflations automatically remove tokens from circulation. Specifically, these burns are driven by two key Floki products:
1. Floki fixed investment plan, this plan has a 5-20% early withdrawal penalty, which comes in the form of FLOKI USD tokens. Whenever a Floki fixed investor withdraws his deposit early, the penalty will be burned permanently.
2. FlokiFi Locker DeFi crypto locker protocol buys and burns
$FLOKI tokens for every successful transaction on the ETH and BNB chains.
While Floki is proud of our memecoin roots, we continue to emphasize our strong utility focus and fundamentals as what sets us apart and underpins our dominance over other memecoins in the space. --especially as we work toward our goal of becoming the most well-known and used cryptocurrency in the world.
Additionally, Floki DAO successfully voted yesterday to burn $190,918,585,431.84 of FLOKI tokens, with the burn action set to take place later this week. However, we would like to emphasize that as adoption of Floki ecosystem products increases, Floki’s utility products will ensure continued burns in the future, ensuring that the
$FLOKI token remains deflationary forever.
#FLOKİ #fiokl #FLOKI.24小时交易策略