In an AMA hosted by BTSE, B Da Viking, a core team member and head of operations of Floki, discussed the goals and value proposition of the Floki project. Floki aims to become a widely used cryptocurrency by providing decentralized solutions for financial control to its users. Its flagship product, Valhalla, is a play-to-earn metaverse game with its own robust economy.
The project’s utility token, FLOKI, can be used to purchase in-game items within Valhalla, spent to unlock exclusive content at the Floki University crypto education platform, and will be the currency used in the unique FlokiPlaces NFT and merchandise marketplace.
Floki Background
Floki’s name was inspired by Elon Musk’s tweet about his Shiba Inu being named Floki. Despite many other cryptocurrencies launching with the same or similar names at the same time, Floki is the only survivor due to the passion and resilience of its community. The team is dedicated to making it the most recognized and utilized cryptocurrency by releasing updates that attract new holders and strengthen the community. Floki has outperformed other meme-themed coins, consistently trending as one of the most searched cryptocurrencies on major exchanges, despite market conditions.
What Sets Floki Apart from Other “Meme Coins”
During the BTSE AMA, B Da Viking was asked about Dogecoin’s success as a meme token and what factors contributed to its achievements. B Da Viking acknowledged the importance of Dogecoin as the “grandfather of all meme coins” and credited its success as being the first cryptocurrency that the average person rallied around, as well as Elon Musk’s involvement with their community. However, B Da Viking emphasized that Floki is not aiming to become the “next DOGE” but rather the “first FLOKI,” and highlighted several reasons why he believes FLOKI can become the “true people’s cryptocurrency,” including its focus on social impact, strong utility, and passionate community.
DeFi Trends
During the BTSE AMA, B Da Viking was asked about the trends around which Floki is operating, such as NFTs, DeFi, and the blockchain ecosystem. While acknowledging the importance of paying attention to trends, B Da Viking emphasized that Floki’s moves are also influenced by research on what will have a lasting impact. Floki leverages both NFTs and DeFi to create revolutionary solutions that can make a significant impact.
B Da Viking also highlighted Floki’s metaverse gaming initiative as another trend that the project is well positioned to capitalize on. When asked about what makes him confident about the viability and longevity of the project, B Da Viking credited Floki’s community, which is a major reason for the project’s success, and is empowered to make decisions that affect its growth as a DAO.
FLOKI Token
According to B Da Viking, the FLOKI token is the utility token of the Floki ecosystem, which includes several key utility products such as a play-to-earn metaverse game named Valhalla, an innovative crypto locker protocol named FlokiFi Locker, a crypto education platform named Floki University, and an NFT and merchandise store named FlokiPlaces.
FLOKI has a circulating supply of 9.3 trillion tokens and a transaction tax of 0.3%.
Floki’s Strategic Partner Approach
Floki has partnered with major sports brands, including the Alfa Romeo Formula 1 team, Kerala Blasters FC, FC Goa, Napoli S.C., and more, which has helped to enhance the token’s utility and introduce the Floki brand to billions of additional users. In addition to these mainstream partnerships, Floki has also formed several DeFi partnerships with top DEXs such as QuickSwap, Trader Joe, Biswap, and SpookySwap, as well as market makers like Wintermute and Coin Liquidity Solutions (CLS).
Floki has also tied up with the largest crypto social media platform in China, Btok, which will expose Floki to millions of Chinese crypto users. Additionally, Floki is the shirt sponsor of The India Maharajas, a major cricket team from India; the partnership will provide brand awareness to millions of viewers of the Legends League Cricket Masters event in March. These strategic marketing moves have placed Floki in a solid position for continued global expansion, making it a strong contender in the crypto market.
Floki’s Deflationary Mechanism and DAO Functionality
Floki’s utility protocols include perpetual deflation through a burning mechanism, and the FlokiFi Locker protocol burns tokens with every transaction on supported chains. The Floki DAO gives the community power to make decisions, like voting to burn 5.1 trillion FLOKI tokens, valued at US$212 million, and lowering the transaction tax to 0.3%.
Security Protocols and Staking Pool Safety
Floki has implemented various security measures, such as renouncing the project’s contracts to ensure they remain unalterable. The project treasury is controlled by a multisig wallet for added security, and the liquidity pool tokens are locked for 265 years to prevent rug pulls. In addition, Floki’s smart contracts have been audited by CertiK.
Floki has a staking program in the works, which is set to be launched soon. The team plans to announce the launch on their official channels once it’s ready to go live.
FLOKI tokens can be purchased on the BTSE exchange, and information on how to buy FLOKI on decentralized exchanges, along with contract addresses, can be found on Floki’s social channels, including Twitter, Telegram, and Discord.
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