Floki Inu Outpaces Rivals With New Name Service and Soaring Price
Floki Inu (FLOKI), a meme coin inspired by Elon Musk's Shiba Inu puppy, is leaving its competitors Dogecoin (DOGE) and Shiba Inu (SHIB) in the dust. According to a recent announcement, Floki Inu launched a brand new "Floki Name Service" that adds significant utility to the project and boosts its fundamentals. This news, coupled with a 47% price surge in the last month, has fueled bullish sentiment among analysts.
Floki Name Service: A Decentralized Identity
The Floki Name Service operates on the BNB Chain mainnet and allows users to create ".floki" domain names. These blockchain-based domains serve as a decentralized identifier, similar to usernames on traditional platforms. Floki Inu envisions these names being used for various purposes, essentially creating a digital identity on the blockchain.
Integration with Major Crypto Wallets and DApps
The Floki Name Service plans to integrate with some of the leading crypto wallets and Decentralized Applications (DApps) like Trust Wallet, SafePal, PancakeSwap, and OKX Wallet. This widespread integration will significantly enhance the usability and visibility of the Floki Inu ecosystem.
FLOKI Token Takes Center Stage
The Floki Name Service will exclusively use FLOKI tokens for payments, directly increasing the token's utility and potentially driving its price. This development comes amidst Floki Inu celebrating a milestone of 417,400 holders on the BNB chain. The project also announced reward sharing for holders in the form of FLOKI interest.
Floki Inu: Leaving the Meme Coin Stereotype Behind?
Floki Inu's recent advancements suggest the project is moving beyond the realm of pure meme coin speculation. The introduction of a functional name service and focus on token utility could position Floki Inu as a more prominent player in the cryptocurrency landscape. Dogecoin and Shiba Inu, the forerunners of the meme coin trend, have yet to showcase similar efforts towards building a robust ecosystem.