During our most recent monthly community AMA, a community member asked if there are plans to lock or burn more $TOKEN in order to fight inflation.
Our Core Advisor, B (@100bviking), provided the following response:
Instead of just answer based on pure speculation, I will answer this question using hard data that is easily verifiable on the blockchain.
Right now, 30% of the total TokenFi supply, or roughly 3 billion $TOKEN, has been “emitted” in some way. However, of these, an impressive 33%, or a little over 1 billion $TOKEN, has been staked for a duration of 3 months to 4 years. And I think we’re going to see this number accelerate in the coming days and weeks in anticipation of the $BADAI presale as well as what is coming after (👀️👀️), especially considering the line up of airdrops that will likely be going exclusively to TOKEN stakers.
In addition to this, on-chain data shows that 0.45% of $TOKEN has so far been burn mainly through staking utility fueled by TokenFi Supercharger and some of our products.
We literally have a litany of mechanisms that ensure rapid deflation of the TOKEN in circulation and I have reason to believe that will only accelerate from here. Eventually we’re going to get to a stage where tokens that are being staked far supercede tokens being emitted, and we’ll also get to a stage where the majority of our products will be live to help activate aggressive and consistent buyback and burns for $TOKEN, so I personally do not think we will have to worry about this inflation.
During our most recent monthly community AMA, a community member asked how Floki's ETP will benefit the Floki community and attract new institutional investors.
Our Core Advisor, B (@100bviking), provided the following response:
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I think the fact that Floki is getting an ETP, which will make it the second ever memecoin to have one besides DOGE, already sets it miles apart from every other memecoin in the space and significantly increases its appeal to institutional players.
The asset manager setting up the ETP will be doing their own marketing to attract institutional investors and Floki will be complimenting their efforts as well.
As to what benefit this brings to the FLOKI community, an ETP is more or less like an ETF with slight differences. You can take a look at the Bitcoin and Ethereum ETFs and see what benefits they have had for both assets: they’ve ensured better maturity for the assets, made it easy for people to access them in a regulated way, and ensured better stability for the assets since they went live. The benefits to Floki should be similar!
It will result in a project perceived as more mature and stable and as a product that can be more easily accessed in a regulated way.
The moment the ETP goes live, the fact that Floki has an ETP will automatically put us in a league of our own among memecoins. Basically, there would be just two memecoins with an ETP: Dogecoin and Floki.
In addition to this, there are some massive institutional players and funds that can only buy a regulated asset via an ETP or an ETF.
Brokerages and large banks will also finally be able to introduce Floki to their massive user base through:
During our most recent monthly community AMA, a community member asked how Floki's ETP will benefit the Floki community and attract new institutional investors.
Our Core Advisor, B (@100bviking), provided the following response:
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I think the fact that Floki is getting an ETP, which will make it the second ever memecoin to have one besides DOGE, already sets it miles apart from every other memecoin in the space and significantly increases its appeal to institutional players.
The asset manager setting up the ETP will be doing their own marketing to attract institutional investors and Floki will be complimenting their efforts as well.
As to what benefit this brings to the FLOKI community, an ETP is more or less like an ETF with slight differences. You can take a look at the Bitcoin and Ethereum ETFs and see what benefits they have had for both assets: they’ve ensured better maturity for the assets, made it easy for people to access them in a regulated way, and ensured better stability for the assets since they went live. The benefits to Floki should be similar!
⚠️ SCAM ALERT: Watch Out for Fake Token Claims in the X Comments Below our Posts
We've noticed an increase in scam comments appearing under our tweets stating that you can claim $FLOKI, $TOKEN, or other tokens through various websites.
Scammers are putting more effort in their attempts to steal your assets. They often create fake accounts (sometimes even with a golden checkmark) that look similar to the official Floki and TokenFi accounts.
These are ALL scams. No legitimate claims for these tokens require you to connect your wallet to any website.
Reminder: ⚠️ Never connect your wallet to claim "free" tokens ⚠️ Never share your private keys or seed phrase ⚠️ We will never ask you to visit external sites to claim tokens ⚠️ Official announcements come only through our verified channels ⚠️ If you see scams in the comments, report them to protect the Floki community
Stay vigilant and protect your assets. When in doubt, verify through our official channels first.
Join #Floki in celebrating the series with a chance to win from a $1,000 prize pool! Share your Floki-themed moments for a shot at being one of 10 winners.
How to Participate:
1. Tune in to the Sri Lanka’s tour of New Zealand (ODI series) from January 8th to January 11th on one of the following broadcasters:
- Sony Sports Network ecosystem across India, Sri Lanka, Pakistan, Bangladesh, Nepal, Afghanistan, Bhutan, and Maldives - Amazon Prime Video in India - TNT Sports in the UK, Northern Ireland, and Republic of Ireland - Supersport across Sub-Saharan Africa - ESPN+ in the United States - ATN in Canada
2. Take captivating photos or videos featuring Floki mat and share them on X/Twitter.
3. Include the hashtags #NZvSL and #FLOKI in your post.
4. Submit your entry here: https://t.co/6DW8cGuyjI ❗️Ensure your content is original — photos or videos captured by you.
We’ll randomly select 10 winners from the qualifying entries. Good luck!
Last week to participate in ROUND 2 of the $FLOKI x $MONKY Trading Competition!
The round ends January 8, 2025 at 23:59:59 UTC.
Trade $MONKY on the Floki Trading Bot to:
- Get 100% of your trading fees back in $MONKY - Compete for prize pools worth 20% of all trading fees collected - Earn extra points with trading streaks - Earn points from referrals
Points determine your share of rewards, with more points earning larger shares of the prize pool. No minimum trade requirements - every trade counts.
Keep building your trading streak for bonus multipliers:
Major crypto publication Cointelegraph reports that the Floki DAO has unanimously voted to provide liquidity for the upcoming Exchange-Traded Product.
The $FLOKI ETP--launching in Q1 2025 on Switzerland's SIX Swiss Exchange, the third largest stock exchange in all of Europe--will make Floki only the second memecoin after Dogecoin to have a regulated ETP product on a stock exchange, marking a significant milestone for memecoin legitimacy in traditional finance!
Memecoins held the largest mindshare among crypto investors in 2024, commanding 31% of total investor interest, according to CoinGecko research.