With Floki’s metaverse game, Valhalla, in the alpha stage, Floki launches FlokiFi to maximize FLOKI token utility.
More Than Just a Memecoin?
You may define memecoins as cryptocurrencies based on memes, interesting concepts or funny ideas, captured in an image, video or other media – and that have zero to little utility. However, Floki, the memecoin on BNB Chain born out of a tweet from Elon Musk, has other plans.
Currently, the Floki team is working on developing its flagship metaverse game, Valhalla. Further, to bring more utility to $FLOKI, the team has recently launched FlokiFi, a suite of Decentralized Finance (DeFi) products, with Floki Locker or Project L as the initial product.
“Firstly, it sends a strong message to the crypto community that we want to innovate and dominate the industry,” “B,” core team member at Floki, told BSC News. “We’re already innovating to a great extent with our flagship utility Metaverse game, Valhalla, with regular development updates and an impressive testnet version that shows the kind of utility the Floki team is capable of. FlokiFi continues on this path with the FlokiFi Locker.”
Additionally, Mr. Brown, a member of Floki’s core team, expressed his excitement about Valhalla:
More Utilities With FlokiFi
The recently launched Project L is a digital asset locker solution allowing users to lock and vest fungible tokens (ERC-20/BEP-20 tokens), Liquidity Pool (LP) tokens, Non-Fungible Tokens(NFTs), and Multi tokens.
“Being the FIRST and ONLY Locker protocol in the industry to implement the ERC-1155 protocol will be quite game-changing for blockchain gaming and other protocols in the industry,” B said.
The FlokiFi Locker is also Floki’s first utility product to utilize FLOKI tokens on the mainnet. In addition, its tokenomics is designed to make the $FLOKI perpetually deflationary.
The Floki team further revealed to BSC News that more “innovative and ambitious protocols” would be released soon, deflating the FLOKI token through on-chain transactions and fueling the Floki DAO’s treasury.
With all the recent updates, Floki is certainly upgrading its ecosystem. The team seeks to provide more utility to its users by creating an autonomous and decentralized ecosystem and developing partnerships.
“Floki truly is the people’s cryptocurrency, and FlokiFi is part of the puzzle pieces that will give the people, the Floki DAO, power to truly be a force for good in crypto and the world at large,” B told BSC News.
What Is Floki:
Floki began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki. Floki is currently the third most popular meme token on the market behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Where else to find out about Floki:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.