Floki Inu (FLOKI) is a cryptocurrency inspired by an internet meme, just like Shiba Inu (SHIB) and Dogecoin (DOGE). Although Floki, named after Elon Musk’s Shiba Inu dog, was created as a joke coin, it promises more than that with its different application areas.
FLOKI is an ERC-20 and BEP-20 compliant cryptocurrency. This means that Floki is a multi-chain token that runs on both the Ethereum (ETH) and BNB Chain (BNB) blockchains. Users can easily swap FLOKI tokens at a 1:1 ratio via atomic swap on the ETH-BSC bridge.
Interestingly, a 3 percent tax is deducted from FLOKI token trading. This tax does not apply to bridging tokens between two networks. Floki Inu states that this tax goes to Floki Inu’s treasury. Treasury funds are used to develop the Floki ecosystem and encourage wider adoption of the FLOKI token.
However, the FLOKI token whitepaper underlines that the tax will be reduced when it collects sufficient funds. Floki Inu attracts the attention of many users today with its metaverse games such as Valhalla and its NFT portal.
Who are the founders of the Floki Inu (FLOKI) project
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Floki Inu is a decentralized project ruled by his community and has a core team representing the interests of the community. The Floki Inu team includes fakes such as B, Sabre and Mrbrown Whee. According to Floki, Jackie Xu, a respected figure in the Blockchain in the field of Blockchain for more than 10 years, is the head developer of the project.
What makes the Floki Inu (FLOKI) project special?
Most meme tokens have no real use case as they are speculative in nature. FLOKI is slightly different from other meme tokens and joke coins. First, the Floki Inu ecosystem contains NFTs and Metaverse games. This creates a real usage area for FLOKI token and increases the potential of the token.
FLOKI token also has uses in the real world today. The project partnership with Nowpayments, a crypto currency payment network passage, which enables businesses to accept FLOKI without any problems on their websites.
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