What is Floki Inu (FLOKI)?

What is Floki Inu (FLOKI)?

By fusing the power of memes with actual utility and charitable giving, the FLOKI platform empowers and enables people rather than attracting venture capitalists and hedge funds. FLOKI is the “people’s cryptocurrency.” Since memes appeal to everyone—the wealthy and the poor, the small and the great, the young and the old—the platform believes that harnessing the power of memes is the only effective way to bring cryptocurrencies into the mainstream and ensure popular adoption. This is why “the people’s cryptocurrency” is fundamentally a meme. Blockchain technology and cryptocurrencies are only beneficial when they simplify people’s lives and advance a better world. Because of this, charity plays a significant role in Floki’s identity. Therefore, the primary objective is to open a school on every continent and in every developing nation on earth.

A cross-chain cryptocurrency called Floki is usable on both the Binance Smart Chain and the Ethereum blockchain. There is a 3% tax on each exchange or trade. This tax funds the Floki treasury, which is used to develop projects, collaborate on them, improve the world through charitable endeavours, and raise platform awareness. By Solidity, the Floki smart contract has undergone an audit. 

The platform’s play-to-earn NFT metaverse game aims to offer A-level gaming components on the blockchain in addition to upgradeable NFTs.

No matter how much experience users have with cryptocurrencies, Floki’s crypto education platform is tailored to their needs. The platform aims to bring DeFi to people where it will be most beneficial by collaborating, providing services, and integrating with other systems.In order to enable access to the high-quality, tamper-proof pricing feeds necessary to read an authentic on-chain price and facilitate crucial integrations that will aid the platform in bringing DeFi to the general public, Floki has incorporated Chainlink Price Feeds. With over $75 billion in smart contracts under protection and a mission to provide constant access to accurate, up-to-date, and tamper-proof market data, Chainlink is a blockchain oracle.

The whitepaper claims that FLOKI is a working multi-utility token that is used as a means of decentralised exchange among platform users. 

With the introduction of tokens, participants who interact within the ecosystem will have a quick and secure way to transact without the need for middlemen like centralised third-party entities, institutions, or credit. The FLOKI token has distinctive qualities and complies with ERC-20 and BEP-20. Without the token, users wouldn’t be motivated to invest money in tasks or activities that would benefit the ecosystem. This makes the tree a crucial and indispensable component of the ecosystem. 

The platform’s NFT metaverse game, Valhalla, is powered by the FLOKI token. Valhalla wants to have AAA gaming mechanics on the blockchain. There are adjustable NFTs and on-chain gaming interfaces included. Users will be able to acquire and accumulate FLOKI tokens while playing Valhalla thanks to these play-to-earn mechanisms. Additionally, Valhalla hopes to persuade players to spend the token so they can advance through the game more quickly. As a result, the token’s utility rises, driving up demand. 

Floki University wants to present its ecosystem to the billions of cryptocurrency users who may use this platform to learn more about it in the years to come.

FLOKI is on the rise this week 

In the last week, FLOKI’s price has increased by 12.11%. In the previous day, the price rose by 55.27%. The price rose by 2.60% in the previous hour alone. As of right now, per FLOKI, the price is PKR 0.0095. The FLOKI price is 25.30% lower than the PKR 0.0127 all-time high. 

There are currently 8,917,452,316,422 FLOKI in circulation.

History of Floki Inu (FLOKI) 

Floki is a genuine community project that aims to develop into a fully functional DAO. The community’s leaders and active members actively manage it. 

Melody Vaughn is in charge of community relations and social media for the platform, and Dr. Amanda Kavner is in charge of Floki University. 

There are 10 trillion FLOKI tokens in total supply.

How Are New FLOKIs Created? 

The FLOKI ETH-BSC atomic exchange bridge, according to its whitepaper, enables FLOKI holders to seamlessly transfer their tokens between the BSC and ETH blockchains. Ecosystems are linked by a 1:1 swap between the supply and demand of FLOKI. The 3% FLOKI transaction fee is not charged when users bridge tokens between blockchains. This indicates that users won’t be required to pay the FLOKI transaction tax when transferring tokens between the ETH and BSC chains.

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