Floki Token, Ecosystem & Price | Trading, Gaming & DeFi

Floki focuses on one concept: simplifying the usage of useful crypto tools and connecting actual activity to the FLOKI token.  Products for trading, gaming, decentralized finance, education, and commerce are all centered around the FLOKI coin.  This method gives customers multiple methods to interact with the FLOKI token while maintaining its functionality across various applications.

In this article, we'll explore what the Floki ecosystem is all about, how its products work, the tokenomics driving FLOKI, and the different ways people can buy, use, and engage with it.

About Floki

A utility coin called FLOKI serves as the foundation of the Floki ecosystem.  The Shiba Inu community came up with the idea for this cryptocurrency, which was inspired by Elon Musk's Shiba Inu, Floki.  FlokiPlaces is an NFT and merchandise marketplace, Valhalla is an NFT gaming metaverse, University of Floki is an educational platform, and FlokiFi is a suite of decentralized finance products. The token is a crucial part of several flagship projects within the Floki Ecosystem.  The decentralized community-run FLOKI project was started by an unidentified developer who eventually stopped working on it.  In its first year, the project gained over 400,000 holders after the community came together, took control, and relaunched it. 

About FlokiFi Locker

FlokiFi Locker is a mechanism for digital asset vesting and locking. Standard fungible tokens, ERC-1155 multi-tokens, NFTs, and liquidity pool tokens can all be locked by teams and creators. Multiple asset locks in a single transaction, batch NFT locks, extended vesting periods, and lock extensions are all supported. In comparison to the majority of its category, it also supports a greater number of EVM-compatible blockchains.

The fees are flexible and competitive. Crucially, 25% of the transaction fee goes to the Floki treasury, and the remaining 25% initiates a transactional buy and burn of FLOKI. This structure eliminates tokens from circulation and turns every lock event into a tiny but direct source of buy pressure.

How Floki works

FLOKI functions as a BEP-20 token on the Binance Smart Chain and an ERC-20 token on the Ethereum blockchain. By fusing memes with usefulness, it aims to set itself apart from other meme coins. Through strategic alliances, the development of utility on the token itself, and the creation of use cases for the Floki brand through NFTs, games, and decentralized financial features, the team's long-term goal is to establish an independent and decentralized ecosystem. Its primary offering is the Valhalla NFT gaming metaverse, where users can trade or retain assets acquired in the metaverse and get paid for fighting.

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History of Floki

Inspired by Elon Musk's Shiba Inu, Floki, FLOKI was created by the Shiba Inu community.  The community took over and relaunched FLOKI after it was first developed by an anonymous developer who eventually gave up on the project, making it a well-known player in the cryptocurrency market with over 400,000 holders in its first year.  The community's interests are represented by the core team, which is made up of the fictitious figures B, Sabre, and Mr. Brown Whale.  Blockchain-experienced and well-known in the field, Jackie Xu is the project's primary developer.  The 20-person team has 20 years of collective team experience and has been working on the development of Valhalla, the NFT gaming metaverse. 

Who is the founder of Floki?

Crypto influencers B, PetaByte Capital, Sabre, and Mr. Brown Whale are the pseudonyms of the creators of Floki Inu. Jackie Xu leads the project's development. These creators have opted to be nameless, which is typical in the cryptocurrency space. Developing a robust, cutting-edge cryptocurrency that embraces meme culture and practical blockchain applications is their main goal.

About Floki Trading Bot

The goal of the Floki Trading Bot, which operates within Telegram, is to buy and sell tokens almost instantly through a chat interface. Key chains like Ethereum and BNB Smart Chain are supported. Quick buy quantities, position overviews, a profit and loss view, and an activity log are all included in the interface. Half of the 1% cost it charges for exchanges goes toward buying and burning FLOKI. This method eliminates some of the supply and turns trading activity into direct demand for the token.

Floki's whitepaper claims that the bot has served a customer base of over 50,000, handled over $100 million in volume, and earned about $1 million in fees. Inviters receive a portion of the referral program's revenues, which may increase adoption and retention.

How To Buy FLOKI

A decentralized exchange can be used for direct on-chain swaps, or a large centralized exchange for a speedy purchase. Most beginners are suited to the centralized route. You have greater power when you take the decentralized way. If you decide to go the DEX route, a cryptocurrency wallet is required. ETH is required for Ethereum gas fees, while BNB is required for BNB Smart Chain gas.

Some Recent trends

 At the moment, FLOKI costs ₹0.0073.  From its most recent value price of ₹0.01, it has increased by almost 3% over the last day.  It is down 13% from the previous week, though.  ₹0.0307 was its highest price ever on June 5, 2024.   The price has changed by almost 76% from its most recent pricing. 

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The current circulating supply of FLOKI is 9,539,069,977,472, which is 99% of its total supply (9,657,092,332,558) and 95% of its maximum supply (10,000,000,000,000 FLOKI).  By multiplying FLOKI's current price of 0.01 by its entire supply of 9,657,092,332,558 FLOKI, the market capitalization comes to ₹70.12B.  The fully diluted valuation of FLOKI is ₹73.51 billion.  The diluted valuation of FLOKI is ₹73.51B. 

In the past week, FLOKI has been searched 3,241 times.  FLOKI had 498 trades in the last day, with a buyers' percent change of -18% and a sellers' percent change of -20%. 

On Coinbase, FLOKI is the 71st most popular cryptocurrency.  As a percentage of the entire cryptocurrency market capitalization, FLOKI has a 0% market dominance.  The trade volume over the last 24 hours was ₹6.185B.  Compared to the previous 24-hour volume, the 7-day trading volume is ₹50.512B, with a daily average of ₹7.216B. This represents a reduction of ₹1.031B. The trading volume over the last 30 days has been ₹285.68B, with an average of ₹9.523B per day. This is a reduction of ₹3.338B in the previous 24 hours. 

Conclusion

A meme coin called Floki (FLOKI) gained popularity after becoming viral and garnering attention because it was linked to Elon Musk's Shiba Inu puppy.  It is mostly fueled by conjecture, internet trends, and social media hype, despite the fact that it has attracted a lot of community support and attention.  The coin's value is extremely erratic and subject to swings because it is not based on any real-world application or technological breakthrough.  Because it depends on the ongoing zeal of its community and the larger meme culture, Floki's future is uncertain.  However, Floki serves as an illustration of how cryptocurrencies and online humor might come together to produce an entertaining, if unsure, investment instrument.