$FLOKI currency
History and establishment:
FLOKI was launched on June 25, 2021 on the Ethereum blockchain as an ERC-20 token and on Binance Smart Chain (BSC) as a BEP-20 token. This means it is cross-chain, allowing users to use it across different blockchains.
team:
The team behind FLOKI was initially made up of a group of unknown developers, but the project was later taken over by an active community. The core team consists of people known by pseudonyms like B, Sabre, and MrBrown Whale. The lead developer is Jackie Xu, who is known in the crypto industry for his extensive experience.
Ecosystem and facilities:
Valhalla: A gaming metaverse inspired by games like Pokémon and Skyrim, where players can capture, breed, and use creatures called “Vera” in battle, with play-to-earn aspects.
FlokiFi: A suite of decentralized finance (DeFi) products including:
FlokiFi Locker: Allows users to lock digital assets for specific periods of time, enhancing liquidity and stimulating growth.
FlokiFi Staking: Allows investors to earn rewards by staking their assets.
FlokiPlaces: A marketplace for buying and selling merchandise and non-fungible tokens (NFTs).
University of Floki: An educational platform that aims to educate users about cryptocurrencies and related technologies.
Tokonomics:
Supply: The total supply of FLOKI is 10 trillion tokens, with a circulating supply approaching 10 trillion.
Transaction fees: A 3% fee is charged on each transaction (buy and sell), divided as follows:
1% to burn (reduce circulating supply).
1% to distribute tokens to holders (incentives for investors).
1% to the project treasury to support future developments.
Burning: The process of burning helps reduce the circulating supply, which increases the scarcity of the token and may lead to an increase in value.
Partnerships and developments:
It has partnerships with large projects like Chainlink, which enhances its technical capabilities.
It is listed on trading platforms such as Binance, Gate.io, and LBank, which increases its liquidity.
It has worked on charitable projects such as its collaboration with the Million Gardens Movement started by Kimbal Musk to address food insecurity.
Latest News:
Currently, FLOKI has a market cap of around $2.5 billion, with a price fluctuating around 0.000166.
There is strong community support, with constant updates to games and utilities.
Challenges and opportunities:
As a meme coin, it relies heavily on crowd support and social trends, which can lead to significant price fluctuations.
It offers opportunities by expanding its ecosystem and introducing new uses for the token, but it needs good management and execution of announced projects to maintain its growth.
Remember that investing in cryptocurrencies requires careful study and understanding of the risks and opportunities associated with them.
