Floki Inu is a meme-inspired cryptocurrency named after Elon Musk’s Shiba Inu dog, which has gained popularity and seen a surge in price since its launch in June 2021. The Floki Ecosystem is a community-powered ecosystem that aims to give people control of their finances through four key utility offerings:
- The Valhalla NFT Metaverse Game.
- The FlokiFi DeFi ecosystem.
- The Floki University Crypto Education platform.
- The FlokiPlaces NFT & Merchandise Marketplace.
The Valhalla NFT Metaverse Game
Valhalla is FLOKI’s NFT Metaverse game that aims to tap into the $1 trillion Metaverse industry. The Metaverse industry is a $1 trillion annual revenue opportunity, and with projected annual revenue of $400 billion for the Metaverse gaming industry by 2025, Metaverse games will benefit most from this growth. Valhalla will feature A-level game mechanics on the blockchain. This includes on-chain gaming interactions and upgradeable NFTs.
Valhalla will be unique due to the robust PlayToEarn mechanics it will feature:
- A gardening system.
- The in-game character is known as Vera.
- A robust battle system.
- An in-game ship system.
- An items system.
These PlayToEarn mechanics will allow users to earn and collect FLOKI tokens by playing Valhalla, thereby making Valhalla a viable way for millions of people to generate an income. Players can communicate, monitor progress, and encounter one another in the Valhalla Metaverse. The first major release of Valhalla with Open World went live in Q4 of 2022. It is currently playable on the Optimism Goerli testnet.
FlokiFi
FlokiFi is the umbrella name for a suite of decentralized finance products that will be launched under the Floki brand.
FlokiFi is the umbrella name for a suite of decentralized finance products that will be launched under the Floki brand. FlokiFi is short for “Floki Finance.” It is the perfect way to describe a series of utility products we will launch that will make “FlokiFi” an ecosystem within the wider Floki ecosystem. The first utility product that will be launched under the FlokiFi umbrella is the FlokiFi Locker protocol.
FlokiFi Locker
It is an innovative digital asset locker solution that allows people to lock and vest fungible tokens (ERC-20/BEP-20 tokens like FLOKI), Liquidity Pool (LP) tokens, NFTs, and Multi tokens. The FlokiFi Locker is the most superior and innovative crypto locker solution today.
Besides allowing users to lock and vest LP tokens and normal fungible tokens easily, here are other key features that set the FlokiFi Locker apart compared to other solutions in the industry:
University of Floki
The University of Floki is FLOKI’s attempt to fill the crypto education gap for the next billion users that will be discovering crypto in the coming years — all while creating awareness for the FLOKI token. The University of Floki will use synchronous and asynchronous learning models to bring crypto education to the masses.
The FlokiPlaces NFT & Merchandise Marketplace
FlokiPlaces is FLOKI’s attempt to disrupt crypto commerce by creating an environment that lets people trade NFTs and merchandise with crypto.
FLOKI will be the main currency of the FlokiPlaces marketplace.
Who are the founders of Floki Inu (FLOKI)?
A team of 11 people is currently developing Valhalla with a combined team experience of over 50 years and plans to expand to a team of 20 to fast-track development aggressively. This team is led by MrBrownWhale, a renowned crypto veteran, NFT expert, and Ether Cards council member, and Jackie Xu, a blockchain veteran who has been in the industry for a decade and has worked with some of the biggest names in crypto.
Jackie Xu has worked on blockchain since 2012 and has actively worked on smart contracts since 2017. Before that, Jackie worked as a software engineer and technical lead on projects ranging from large social networks to anti-fraud transaction processing systems for the traditional finance industry. The team developing Valhalla comprises two sound engineers with extensive experience in gaming and creating musical scores for, among others, Netflix, an illustrator, a character modeler, an animator and an overseeing art director. In addition, two Unity game developers are working on Valhalla, which has been working with that engine since ~2008. They’ve seen the good and the bad and will work on a wonderful game client for Valhalla.
What is Floki Inu (FLOKI) used for?
Lock NFTs
Floki includes an innovative “batch lock” feature that allows users to lock multiple NFTs in a single transaction. You can lock and vest tokens almost indefinitely through the UI. Competitors tend to limit the time users are allowed to lock their tokens to a couple of hundred years, which is why the Floki LP tokens were locked for just 265 years (the maximum period possible with the solution we used).
Lock multiple assets in a single transaction.
FlokiFi Locker allows users to lock multiple different assets/asset types in a single transaction. It is also currently the first and only locker protocol to do this.
Learn
Floki University is FLOKI’s attempt to fill the crypto education gap for the next billion users that will be discovering crypto in the coming years — all while creating awareness for the FLOKI.
Floki University is FLOKI’s attempt at disrupting crypto education.
Transactions
Floki users can bridge their tokens from the Ethereum network to the Binance Smart Chain network and vice versa in minutes. The system powering this cross-chain exchange is the Multichain platform.
How is Floki Inu (FLOKI) unique?
Valhalla is designed to take a huge chunk of FLOKI tokens out of circulation and into the Valhalla ecosystem as adoption increases — since FLOKI will be the main currency of the Valhalla world.
The only way to buy in-game items in Valhalla will be with in-game tokens (which will be FLOKI or can only be bought with FLOKI). Valhalla will also incentivize people to spend FLOKI to advance through the game easily. This enhances the utility and drives actual demand for the FLOKI token.
The FlokiFi Locker lets users lock tokens for a practically infinite period; you can lock for 420 years or billions of years to make a statement that your LP tokens will be inaccessible for as long as humans would exist. FlokiFi Locker is the FIRST and ONLY token locker protocol to implement the ERC-1155 multi-token standard. The ERC-1155 standard allows you to have different types of assets — fungible (ERC-20) and non-fungible (ERC-721) — with different quantities in a single contract. This can be pretty game-changing for blockchain games and other protocols.
The FlokiFi Locker supports more EVM-compatible blockchains than other locker solutions in the market. The list of supported blockchains includes ETH, BSC, Polygon, Fantom, Avalanche, Optimism, Arbitrum, EVMOS, Cronos, Kucoin Community Chain, OKXChain, and Dogechain. The FlokiFi Locker’s utility-focused, transactional buy-and-burn mechanism makes the FLOKI token perpetually deflationary. It also creates perpetual demand/buys pressure for the FLOKI token, further establishing it as a utility token.
At Floki, they don’t just build quality and innovative utility products that make crypto safe and easy to use. They also work strategically towards ensuring the adoption of these products. This is why they have partnered with the biggest and the best in the industry to ensure the adoption of our products.
Key FlokiFi partners include:
- The biggest DEX on AVAX with peak TVL of $4.5 billion.
- Major L1 blockchain with peak TVL of $14.57 billion.
- The biggest DEX on Fantom, with a bull market peak TVL of $1.66 billion, has processed over $62.1 billion in volume.
- Popular crypto tracker app with over 1 million users.
- Popular BNB Chain DEX with peak TVL of $663 million, processing over $17.3 billion in volume.
How many Floki Inu (FLOKI) coins are in circulation?
It has a circulating supply of 8,917,452,316,422 FLOKI coins and a max. supply of 20,000,000,000,000 FLOKI coins.
While users will be able to pay FlokiFi Locker transaction fees with USDT initially (and eventually any cryptocurrency), the protocol will be inherently powered by FLOKI tokens: specifically, 25% of the transaction fee automatically does a transactional buy and burn of FLOKI tokens — making the FLOKI token perpetually deflationary. The remaining 75% goes to the Floki treasury.
For example, assuming a project with $1 million in liquidity locks its LP tokens with the FlokiFi Locker, a 0.5% fee is charged: $5,000 for that one transaction. Twenty-five percent of that is used for an automatic transactional buy and burn of FLOKI tokens to “power” the protocol, while the rest goes to the treasury.
How is the Floki Inu network secured?
The Floki ecosystem is available on more than one blockchain. Each blockchain has strong points that allow the FLOKI ecosystem to thrive on it.
How do I buy Floki Inu (FLOKI)?
The FLOKI token can be used for a wide range of purposes, like staking and governance.
FLOKI tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy FLOKI through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Floki Inu (FLOKI)?
The PTPWallet platform supports many cryptocurrencies, with FLOKI soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
If you’re looking to learn more about PTPWallet and to stay updated on our latest news, be sure to follow us on our social media accounts. You can find us on our channels.
Telegram: https://t.me/ptpwalletnews
Twitter: https://twitter.com/PtpWallet
