Floki Developers Look to Improve Token Fundamentals with New Trading Bot
The bot charges a 1% fee for each transaction and 50% of the fees collected will be used to purchase FLOKI on the open market, increasing demand for the token.
Floki developers today introduced a trading robot tool that allows FLOKI holders to trade any token on the BNB Chain network, the developers told CoinDesk in a Telegram interview.
The Telegram-based bot will initially be available to a small number of users during a beta testing period to find and resolve any technical errors. Developer B said public availability is expected in "mid-June."
B said the service will later be expanded to the Ethereum and Base blockchains. The developers hope that the service will increase demand for FLOKI tokens, because users will need to have the currency to use the bot.
The product is the latest release in a line of utility tools and metaverse that are part of the Floki ecosystem. The token was initially launched in 2021 as a meme coin themed after the Shiba Inu dog breed. It has since been rebranded as a utility token that powers Floki-based protocols and products.