The question you ask yourself at the beginning is: What is FLOKI??
Meme-based cryptocurrencies and dog tokens have been among the most bizarre, but also exciting trends in the crypto market in recent years.
The meteoric rise of the memes-inspired cryptocurrency Dogecoin (DOGE) has prompted other developers to create new currencies with dog motifs. This with the hope of improving the success story of her predecessor.
While many of these projects did not manage to get into the spotlight, some, such as Shiba Inu (SHIB), took the market by storm and even surpassed DOGE among the top 10 largest cryptocurrencies by market capitalization.
FLOKI (FLOKI) is another dog-inspired meme coin, whose name was derived more precisely from Elon Musk's dog named Floki.
The idea behind FLOKI arose in June 2021, when Elon Musk published a tweet that he would adopt a Shiba Inu puppies and call him Floki.
The development team behind FLOKI implemented the release of the crypto project extremely quickly and used Musk's influence on the price movement of this memecoin to create a new token with dog motifs.
When Elon Musk announced in September of the same year that his family had actually adopted the puppy, FLOKI was already trading on the market.
The coin follows in the footsteps of Shiba Inu and tries to give its ecosystem a valuable benefit that goes beyond memes.
The founders see the project much more as a movement and not just as a simple meme coin.
The team has made it its mission to build schools in less developed countries.
Furthermore, the developers have also teamed up with the Million Gardens Movement, a garden campaign founded by Elon Musk's brother Kimbal Musk.
The ingenious combination of meme movement and charity has even earned FLOKI the recognition of NASDAQ, which named the project as one of the best metaverse currencies.
Whats your opinion to meme based cryptos?
