Floki Inu (FLOKI) is a meme-based cryptocurrency featuring a dog theme, operating on both the Ethereum and Binance Smart Chains. FLOKI tokens play a crucial role in connecting the community.
Floki can be found on several platforms like Coinbase Wallet and Binance Kraken. This article will help you understand Floki Inu, read it.
How to buy FLOKI on Binance?
You may easily purchase FLOKI on Binance using the ‘Buy Crypto’ tool. Follow these steps:
Step 1
Create an account on Binance and fill out the required fields, including your password and phone number or email address.
Step 2
Follow the on-screen instructions to complete the Know Your Customer (KYC) verification.
Step 3
Click on “Buy Crypto” in the top left corner of the page menu.
Step 4
Navigate to the ‘Buy & Sell’ option to purchase Floki Inu one time. The FLOKI option will be visible in the drop-down menu. Click on it, enter the amount, and choose the preferred payment method. Finally, click on the ‘Continue’ button.
Step 5
For recurring purchases, navigate to the ‘Recurring Buy’ option. The process is the same as in Step 4. Schedule purchase frequency.
Step 6
Go through all the details before making a confirmation.
Done! Successfully purchased Floki Inu on Binance.
Do you know why Floki was developed? When and how was it developed? No, right? Let me take you through its history.
Floki was introduced in late June of 2021. Jackie Xu, a software engineer was leading the charge for FLOKI. The developing team has faced several consequences yet they overcame everything and launched FLOKI. The team has developed DeFi tools, NFTs, and a gaming platform to enhance and promote FLOKI. They have also featured sports sponsorships and digital billboards in Times Square.
The community of Floki is known as ‘Vikings’ and it was the major reason for the success of Floki.
How to Store Floki safely?
Step 1
Choose a wallet that supports $FLOKI. Eg:- Trezor and Zengo.
Step 2
Follow the prompt to set up a wallet. Create a strong password or passcode and back up the recovery seed.
Step 3
Transfer FLOKI to the wallet.
Step 4
Turn on extra security measures like two-factor authentication (2FA).
Unique features and utilities
- Non-fungible token (NFT)-based gaming metaverse. Players can earn rewards through a play-to-earn (P2E) paradigm.
- Features DeFi services include asset locking for NFTs and tokens.
- Because FlokiPlace is primarily an NFT and retail marketplace, it allows users to trade collectibles for FLOKI.
To know more about FLOKI, let’s dissect it and understand the pros and cons.
Advantages
The greatest flex of FLOKI is that it can operate on both Ethereum and Binance Smart Chain. This will help to reduce high gas fees.
Ethereum: SecureBinance Smart Chain: Low fee, high-speed alternative. The meme coin flourished into a comprehensive crypto ecosystem. Provides DeFi products. You can buy NFTs from Floki Places. For any changes, propose and vote at FlokiDAO. The Floki team is actively involved in real-world projects.
Disadvantages
Due to its extreme volatility, the price of FLOKI could be impacted by social media excitement and market sentiment. A total of 20 trillion tokens are available on Floki. The project is trying to lower this number by burning tokens as a result boosting the price becomes easier if demand increases quickly.
FLOKI price
Market cap: $1,360,098,587
Fully diluted valuation: $1,403,687,476
24-hour trading vol: $218,904,816
Total value locked (TVL): $35,724,687
Circulating supply: 9,689,468,702,758
Total supply: 10,000,000,000,000
Max supply: 10,000,000,000,000
Interesting fact: The name Floki Inu is eponymous with Elon Musk’s Shiba Inu puppy, ‘Floki’.
Also Read: XRP Investment Analysis: Is The Right Time To Buy?
FAQs
A. Floki Inu provides utility via DeFi products, and their game Valhalla and focuses on philanthropy by giving back to global causes.
A. Floki is a legitimate project with a flourishing ecosystem and engaged locals.
A. Floki is available for purchase on decentralized exchanges like Uniswap and PancakeSwap in addition to centralized exchanges like Binance, KuCoin, and Crypto.com.
A. While the Floki price has grown significantly, reaching $needs a massive increase in market cap. Although not impossible, it remains uncertain. For context, its highest price reached $0.0003462 at its all-time peak.