Floki Inu's token is FLOKI, which was launched a few months ago , when Elon Musk tweeted that he would buy a Shiba Inu, naming it Floki. Unlike other Floki tokens that emerged after Elon's initial tweet, Floki Inu survived due to a determined community deciding to take over and save it anyway. Since then, it has partnered with Million Gardens, is led by Elon Musk's brother Kimbal, and has a cult community that surpasses SHIB in reach and reach. Floki Inu is working hard to provide its token with clear and beneficial utility while cultivating a vibrant community around one of the most exciting memes in crypto.
What is Floki Inu?
FLOKI is the utility token of the Floki Ecosystem. The Floki Ecosystem is a community-powered ecosystem that aims to give people control of their finances through community focused projects. The community calls itself the “Floki Vikings” in honour of Floki (Musk’s dog) that 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.
Who Are the Founders of Floki Inu?
Unlike many other meme coins like Shiba Inu, the team behind Floki Inu is public, if pseudonymous. It was founded by a group of crypto influencers by the names of B, PetaByte Capital, Sabre and MrBrown Whale. The project’s lead developer is Jackie Xu, who, according to Floki Inu, is a “well-respected and doxxed figure in the industry with over a decade of blockchain experience.” The team announced that Valhalla, the NFT gaming metaverse, was 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 Floki Inu Unique?
Floki Inu wants to set itself apart from other meme coins by combining the memes with utility. The team’s long-term vision is to create an autonomous and decentralised ecosystem, including strategic partnerships, building utility on the token itself, and developing use cases for the Floki Inu brand through NFTs, games and decentralised finance features.
Its main flagship product is the NFT gaming metaverse called Valhalla. Floki Inu envisions it to be a play-to-earn gaming metaverse, where you can earn rewards for battling and trade or hold on to assets obtained in the metaverse. The team plans to take successful elements from games like Pokémon and Skyrim and incorporate them in Valhalla. Players will be able to capture and battle with creatures called Vera, and the game will also have a gardening system where players can tend to their crops, which can later be sold as NFTs. With Valhalla, Floki Inu tries to follow the path forged by games like Axie Infinity (AXS) that popularised playing and earning on the blockchain through games.
How Is the Floki Inu Network Secured?
FLOKI is both an ERC-20 token on Ethereum and a BEP-20 token on BSC.
ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralised applications. Its proof-of-work consensus mechanism requires miners to mine new Ether and ensures that Ethereum is one of the safest blockchains in the crypto industry. A set of decentralised nodes validates transactions and secures the Ethereum blockchain.
BSC is secured through the proof-of-stake consensus mechanism. 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible.
How many Floki Inu tokenare there?
The totalFloki Inu token supply is 10,000,000,000,000 FLOKI tokens. There are currently around 9,040,427,075,666 FLOKI tokens in circulation.
Where to store Floki Inu token?
Floki Inu (FLOKI) is hosted on both the Ethereum and BSC network, therefore, you would need to set up a wallet that supports any of the mentioned blockchain networks. You can try out some of the popular wallets that support Floki Inu tokens such as Metamask. If you wish to store your FLOKI token in a safer place, you can try to store them in a hardware wallet that supports it. It would be a more secure solution and greatly reduce risk of being compromised.
