What is a Floki Inu (Floki)?

 What is a Floki Inu (Floki)? 

The Floki Inu (Floki) is a dog-themed meme coin, which calls itself "a movement", not a meme coin. It is a cryptocurrency born by fans and members of the Shiba Inu (SHIB) community. The coin is named after Elon Musk's Shiba Inu.

What is a Floki Inu (Floki)?

The Floki Inu (Floki) is a dog-themed meme coin, which calls itself "a movement", not a meme coin. It is a cryptocurrency born by fans and members of the Shiba Inu (SHIB) community. The coin is named after Elon Musk's Shiba Inu.

Musk is a major fan of Dogecoin, although he publicly denied owning any SHIB. Floki Inu is working on "three major utility projects:"

An NFT Gaming Metaverse Called Valhalla

An NFT and trading marketplace called FlokiPlaces

A content and education platform called Floki Inversity

The community calls itself "Floki the Vikings" in honor of Floki (Musk's dog) which was named after a Viking character. Floki Inu vows to take its community efforts seriously and has been listed several times in the top 10 of LunarCrush's social engagement leaderboards. Floki Inu has also partnered with Cryptokart, giving its holders the option to purchase items at over 1,700 stores through a partnership with Cryptokart (CC). It is also working on a similar partnership with Curate (XCUR) that will allow the Floki token to be used as a payment method on the Curate physical goods marketplace.

Who is the founder of Floki Inu?

Unlike many other meme coins such as the Shiba Inu, the team behind the Floki Inu is public, if pseudonymous. It was founded by a group of crypto influencers by the names of Bee, Petabyte Capital, Saber and Mr.Brown Whale. The project's lead developer is Jackie Xu, who, according to Floki Inu, is "a respected and respected figure in the industry with over a decade of blockchain experience." The team announced that Valhalla, the NFT gaming metaverse, is being developed by a team of 11 people with over 50 years of combined team experience and plans to expand to a team of 20 soon.

What makes a Floki Inu special?

Floki Inu wants to differentiate itself from other meme coins by combining meme with utility. The team's long-term vision is to create an autonomous and decentralized ecosystem, including strategic partnerships, building utility on tokens, and developing use cases for the Floki Inu brand through NFTs, games, and decentralized finance features.

Its main flagship product is an NFT gaming metaverse called Valhalla. Floki Inu sees this as a play-to-earn gaming metaverse, where you can earn rewards for battling and trading or holding properties you can acquire in the metaverse. The team plans to take successful elements from games like Pokémon and Skyrim and incorporate them into Valhalla. Players will be able to capture and do battle with creatures called Vera, and the game will also feature a gardening system where players can take care of their crops, which can then be sold as NFTs. With Valhalla, Floki Inu seeks to follow the path created by games like Axi Infinity (AXS) that popularized playing and earning on the blockchain through games.

How many Floki Inu (Floki) coins are in circulation?

The total supply of the Floki Inu is 10 trillion floki. According to BscScan and Etherscan, there are over 200,000 holders of FLOKI on Ethereum and BSC combined. Users can buy FLOKI on Uniswap and PancakeSwap, but each purchase attracts a 3% marketing tax that will be used for the continued growth of the Floki Inu ecosystem. The team plans to reduce the marketing tax in the future, as sufficient funds are collected.

How secure is the Floki Inu network?

FLOKI is both an ERC-20 token on Ethereum and a BEP-20 token on the Binance smart chain.

ERC-20 is a token standard that most new tokens adhere to when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchain and solution for many decentralized applications. Its proof-of-work consensus mechanism requires miners to mine new ether and ensures that Ethereum is one of the most secure blockchains in the crypto industry. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.

BSC is secured through a proof-of-stake consensus mechanism. Every 24 hours 21 validators are chosen to validate transactions and maintain blockchain security. These validators need to stake a certain amount of BNB coins with Binance to be eligible.

Will the Floki Inu reach $0.01?

Due to its extremely high supply, it is unlikely that Floki will ever reach one percent. However, the coin has been in a strong uptrend since late October 2021 and is setting new all-time highs almost every day. Therefore, it is entirely realistic that FLOKI will be at least 0.1 cents in the future.