FLOKI (1000FLOKI)
A Comprehensive Guide to Floki (1000FLOKI): Everything You Need to Know
Introduction to Floki: What Makes It Unique?
Floki (FLOKI) is recognized as the people’s cryptocurrency and serves as the utility token within the Floki Ecosystem. Originating from the Shiba Inu (SHIB) community, Floki is inspired by Elon Musk’s Shiba Inu, adopting the name to honor Musk’s affinity for Dogecoin. Despite Musk’s denial of owning SHIB, his influence spurred the creation of Floki, which aims to stand out through “four flagship utility projects”:
- Valhalla, an NFT gaming metaverse,
- FlokiFi, a suite of decentralized finance products,
- FlokiPlaces, an NFT and merchandise marketplace, and
- University of Floki, a content and education platform.
Identifying as “Floki Vikings,” the community aligns with the Viking spirit, referencing Musk’s dog, Floki. The project is committed to community engagement, evidenced by its frequent top rankings on LunarCrush’s social engagement leaderboards and partnerships with prominent crypto projects like Chainlink, Trader Joe, and ApeSwap for the FlokiFi Locker protocol.
The History and Development Team Behind Floki
Floki was initiated by an anonymous developer who later departed, leaving the project to be adopted and relaunched by the community, transforming it into a globally recognized brand with over 400,000 holders in its first year. The project is led by a core team of pseudonymous individuals – B, Sabre, and MrBrown Whale, with Jackie Xu serving as the lead developer, bringing over a decade of blockchain experience to Floki. The development of Valhalla is undertaken by a team of 20, boasting over 50 years of combined experience.
Strategic decisions for Floki are made through a DAO, allowing FLOKI token holders to vote on key project developments.
What Sets Floki Apart?
Floki distinguishes itself from other meme coins by integrating utility with popular culture, aiming for a decentralized ecosystem that encompasses strategic partnerships, utility-driven tokenomics, and NFT, gaming, and DeFi applications.
Valhalla, Floki’s NFT gaming metaverse, is envisioned as a play-to-earn platform, blending elements from successful games like Pokémon and Skyrim to offer a unique gaming experience where players engage with creatures called Vera and participate in a gardening system, with the potential to sell harvested crops as NFTs.
Floki (FLOKI) Market Dynamics
Floki boasts a total supply of 10 trillion tokens, with over 400,000 holders across Ethereum and Binance Smart Chain. Floki is available on platforms like Uniswap and PancakeSwap, subject to a 0.3% tax per transaction to fund ecosystem development.
How Is the Floki Network Secured?
Floki is available as an ERC-20 token on Ethereum and a BEP-20 token on Binance Smart Chain, leveraging the security and decentralization of these platforms. Ethereum’s proof-of-work consensus and the decentralized node network ensure robust security, while the Binance Smart Chain offers scalability and interoperability.\
What is 1000FLOKI?
Our trading pair on the platform involves 1000FLOKI, which represents a unit of 1000 Floki tokens. This unit is utilized due to the relatively low price of individual Floki tokens, making it more practical to trade in larger quantities. The 1000FLOKI trading pair is specifically for USDT margined futures, providing a robust option for traders who wish to engage in futures trading with a stablecoin as the margin base. This format enhances accessibility and simplifies calculations, ensuring that traders can respond swiftly to market changes.