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| pic credit: Tech Hub |
Floki Inu is a token that was established in response to Elon Musk's tweet "My Shiba Inu will be named Floki." There have been several meme tokens with this or a similar name since then, but just one has been so popular. The Floki token has over 250,000 Twitter followers and a large following of supporters who believe Floki has the potential to become the next DogeCoin or Shiba Inu.
The Floki token's owners are always working to improve it, such as by purchasing advertising so that more people are aware of the project, but this also demonstrates the strength of its community. The Floki token has a lot of functionalities to explore, but first, we'll explain what it is, which you can learn more about on the floki.com website.
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| pic credits: clutchpoints |
What is Floki Inu
The new community-owned meme coin, Floki Inu, promotes itself as such. On their website, the coin's description states, quote Floki Inu is a courageous puppy and a new crypto coin created by Shiba Inu enthusiasts and members.
Elon Musk's Shiba Inu, Floki Inu, is hungry for delicacies from outer space. He's super deflationary and designed to reward you, so each transaction adds more Floki inu coins to your wallet. The project's online community is known as the Floki Vikings.
It was created to be a deflationary token that pays you just for owning it. When someone exchanges tokens on a crypto exchange, a 4% incentive are delivered to Floki holders on the BSC and ETH blockchains.
The prize percentages are not set in stone, and they may alter in the future based on upgrades. Simply keep your floki inu tokens in your wallet, and reflections will be added to your wallet automatically - it's that simple.
Floki Inu Supply & Ecosystem
According to the data, the total circulating supply of Floki inu on the ETH and BSC chains combined is 10 trillion Floki. Many people criticize Musk for investing their money in Floki just to see it no longer increase because the price was less than one penny.
However, on the third day of October, Musk tweeted about his floki dog on a Tesla, and the cryptocurrency named after the puppy, floki, soared to a new all-time high of 0.00007477 USD in response to Musk's tweet.
The Ethereum blockchain was used to start Floki inu. Floki inu, on the other hand, has been bringing Binance Smart Chain to the Floki inu ecosystem from its creation by building a liquidity pool on PancakeSwap.
As a result, Floki Inu became a multi-chain protocol feature for an ETH, BSC bridge with a one-to-one exchange for Floki inu holders that allows them to migrate effortlessly between ecosystems. The Floki inu token is also hyper-deflationary, which implies that when the burn wallet grows in size, the reflationary incentives for Floki holders grow as well.
Floki Inu Real-World Utility
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| pic credit: Twitter |
Unlike other meme tokens, floki has real-world applications. Through its relationship with CryptoCart, it may be used to buy things from over 1500 merchants. On the xcore platform, Floki holders may also pay for physical goods.
Other future utilities will include features such as purchasing NFTs, gaming and paying for services and commodities. Every Floki trade has a tiny fee that goes straight to the project's marketing and development staff.
The cash for the marketing team will be used to enroll influencers and pay for donations, while the funds for the development team will be utilized to create new improvements to the Floki inu ecosystem.
The project has a monthly marketing budget of over $2 million, allowing it to run aggressive marketing campaigns such as locking down the London Underground for three weeks, putting the floki logo on 300 buses in London for three weeks, locking down Times Square for three and a half months, and more.
Elon Musk is perhaps the most important reason why most crypto fans have Floki in their wallet today. The most significant increases in Floki inu's popularity have been attributed to his tweets.
Floki, on the other hand, has infiltrated the NFT sector, and its portal has the potential to attract NFT fans, causing the price of Floki inu to skyrocket.
How to Buy Floki Token
Let's look at how you may get Floki tokens now. It's pretty easy to do, and there are various options. You may utilize UniSwap or PancakeSwap, which are both decentralized exchanges. We'll teach you how to do it on the PancakeSwap exchange because the transaction costs are substantially lower.
A "Buy on Pancake Swap" button may be seen at the top of the Floki.com website. Then you'll be brought to the exchange. To begin, you must import tokens into your wallet and link them to another wallet, ideally Metamask.
You may now trade your tokens for Floki, for example, by exchanging BNB for Floki. There is, however, an even better technique to avoid paying such high transaction costs. You may trade Floki tokens on the centralized AscendEX exchange, which has been open for a few days.
Have you gotten your Floki inu tokens yet? If not, do you intend to purchase it? In the comments area below, let us know what you think about this new dog cryptocurrency.
Disclaimer: Keep in mind that this is not an investment advice post! You put your money into your own personal responsibility.