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A new meme coin has piqued the interest of smart money investors as they position themselves for a parabolic crypto bull run.
Flockerz (FLOCK) has quickly raised nearly $400k in presale funding as investors rush to take advantage of the discounted ICO prices.
FLOCK’s utility-driven nature has emerged as its key selling point, with features like vote-to-earn and staking separating it from other run-of-the-mill tokens.
Unsurprisingly, popular crypto publications and prominent influencers are covering the project, with some even calling it the next 10x crypto.
What Is Flockerz And Why Investors Are Buzzing About It?
New meme coins are in high demand and for good reason. While large-cap cryptocurrencies remain mired in uncertainty, investors are printing millions in profits with low-cap meme coins.
For instance, a trader turned $736 into $238k in a little over an hour with $POCHITA.
This was $736 about 1 hour ago. $Pochita
https://t.co/wUvjB9KXnD pic.twitter.com/ConM5SA2kV
— Kakashi (@kkashi_yt) October 2, 2024
Similarly, data from Lookonchain reveals that an early HIPPO buyer turned a $368 investment into $2 million, just in 3 days.
Turn $368 into $2M in just 3 days!
This guy spent 198 $SUI($368) to buy 253.5M $HIPPO(memecoin on #Sui) 3 days ago and sold 119.6M $HIPPO for 175K $SUI($325K), leaving 133.9M $HIPPO, worth $1.7M!
This guy made ~$2M on $HIPPO in just 3 days!https://t.co/MuVQhpVOCJ pic.twitter.com/pFeNnJvuj3
— Lookonchain (@lookonchain) October 2, 2024
A few prominent influencers believe that Flockerz could offer similar returns, especially considering it is a low-cap meme coin.
FLOCK’s meme coin packaging is second to none. After dogs, frogs, cats and recently hippos, a fresh chicken-themed token is bound to attract considerable attention. However, as previously stated, Flockerz is no ordinary meme coin.
As per its whitepaper, the project is attempting to “break new ground in decentralization” and establish itself as the people’s meme coin. The token will be governed via the Flocktopia DAO (Decentralized Autonomous Organization), which is comprised entirely of FLOCK holders.
Token holders will determine the direction of the project with their votes, whether it is regarding new exchange listings, fresh utility or market initiatives. With holders in the driving seat, Flockerz is poised to deliver attractive returns to all investors, and not just a handful of insiders.
It is not without any reason that experts have called FLOCK the next 10x crypto.
Rewards Galore For FLOCK Holders
FLOCK investors won’t just play a pivotal role in governing the project. The meme coin’s vote-to-earn initiative means that holders will also be paid attractive monetary rewards for it.
As per the Flockerz tokenomics, 25% of the token supply has been set aside in the Flock Vault to be distributed to the voters.
Similarly, FLOCK holders can take advantage of the meme coin’s staking protocol, which also has 25% of the token supply allocated to it.
Notably, Flockerz’s community-centric tokenomics stays true to the principle of decentralization. A significant 70% of the tokens have been allocated to the investors – 20% during the presale, 25% as vote-to-earn rewards and another 25% as staking rewards.
The remaining 30% of the token supply will only be utilized for the project’s growth – in particular, for marketing initiatives and exchange liquidity. There is no separate allocation for the developer team or any private sale, which significantly reduces the likelihood of any rug pulls or pump-and-dump price action.
In fact, the Flockerz developer team has made token security its top priority. The FLOCK smart contract has already been audited multiple times – once by Coinsult and again by Solid Proof. The audit reports are also publicly available.
Is FLOCK The Next 10x Crypto?
Flockerz is seeing robust presale funding. However, it will very likely remain a low-cap meme coin, making it a particularly attractive investment for the next bull run.
As previously stated, early meme coin buyers are already printing millions in profits. With the market liquidity expected to surge due to rate cuts in the US and China, these risk assets could potentially offer explosive returns.
Considering that FLOCK is a utility-driven meme coin, it has already caught the attention of smart money investors, many of whom are bullish on it.
For instance, prominent crypto trader Jacob Bury has called Flockerz the next 10x crypto.
Another crypto YouTuber ClayBro – with 130k subscribers – has gone a step further, expecting up to 100x gains from the new meme coin.
If these projections turn out to be true, early presale buyers will stand to benefit the most. Interested buyers can purchase the meme coin with just a few clicks, using the over-the-counter widget on the Flockerz website.
They are also advised to follow its X and Telegram accounts for the latest updates.
Visit Flockerz Presale
*Cryptonomist did not write the article or test the platform.