What Is Floki Inu (FLOKI)?
FLOKI is the people’s cryptocurrency; by merging the power of memes with real utility and charity, the FLOKI platform empowers and enables people rather than venture capitalists and hedge funds.
The platform believes that utilizing the power of memes is the only way to effectively take cryptocurrencies mainstream and secure popular adoption, since memes appeal to everyone: the rich and the poor, the little and the great, the young and the old.
This is why, at its core, the people’s cryptocurrency is a meme. Blockchain technology and cryptocurrency are beneficial only if they make lives easier and contribute to a better world. This is why charity is such an important aspect of Floki’s identity. Therefore, the main goal is to establish a school on every continent and in every underdeveloped country on the planet.
In June 2021, Elon Musk tweeted that he would be naming his pet Shiba Inu “Floki.” This led to the birth of the Floki Inu coin. Floki Inu, now known simply as Floki, may have had its beginnings as a dog-memed currency, much like Dogecoin, but a closer look reveals that it’s so much more than that.
Floki follows in the footsteps of Shiba Inu in giving utility and even charity to its ecosystem. Its creators see it as a movement, rather than just a meme coin. It holds a vision of building schools in less developed countries, and has also partnered with the Million Gardens Movement, a gardening campaign founded by Elon Musk’s brother, Kimbal Musk. The ingenious combination of meme movement and charitable actions has earned Floki recognition by NASDAQ as one of the best metaverse currencies to buy in 2022.
How does Floki Inu work?
Floki Inu was launched on the Ethereum (ETH) blockchain and it is one of the few crypto coins that provide the multi-chain protocol feature.
The meme-based crypto coin is hosted on both the Binance Smart Chain (BSC) and Ethereum. Floki Inu has a total circulating supply of 9.17 T across the ETH and BSC chain combined and has a total circulating market capitalisation (m-cap) of $597.01 million across the ETH and BSC chains.
Rewards
Floki Inu holders have the facility for holding Floki coin tokens to earn rewards. At least 4 per cent rewards are given to Floki holders on the ETH and BSC blockchains when a holder swaps a token on a crypto exchange. The reward percentages may vary depending on future upgrades.
The Floki Inu token is hyper-deflationary, which means that a rise in the size of the burn wallet also increases the reflationary rewards for Floki holders. Gradually, the decline in circulating supply increases the demand for Floki and its price.
Is Floki Inu a Good Investment?
While Floki Inu has shown consistent performance over the last quarter of 2021, it’s still largely a speculation currency. The so-called real-world applications in the form of metaverse games and the NFT marketplace haven’t materialized yet. However, that’s not a big con if anything has been learned from Dogecoin.
Floki Inu has recently partnered with a football club in Italy, SSC, to feature their logo on the stadium and uniform. The football collaboration, some other partnerships with Inverse Finance and the fact that it can also be used at Shopping.io make the cryptocurrency promising.
There’s also a petition to get it listed on the most popular exchange, Coinbase.
Although its performance has yet to show an even bigger impact, Floki Inu may be worth investing in based on the interest and trust people are showing, especially those from the crypto communities.
It’s also incredibly inexpensive to buy it right now, so even if a token reaches $0.01, you may make big profits. However, that may take some time — if it happens at all.
Floki Inu Price Prediction
Meme coins have been performing quite well over the past 24 hours. The largest meme coin, Dogecoin, is up 70% over the past week to above $0.1. DOGE’s bullish rally stems from the completion of Musk’s Twitter purchase deal.
During the past 24 hours, FLOKI has traded between $0.00000729 and $0.00001187, showing high volatility in the token. This means that FLOKI has the potential to rally higher, given that the meme coin community tends to react to FOMC.
FLOKI’s trading volumes over the past 24 hours stand at over $6.7 million, a healthy volume for low cap cryptos. FLOKI has a market cap of around $107 million, making it the 239 largest cryptocurrency by this metric.
How to Buy Floki Inu (FLOKI).
Now that you understand the goals and structure of the project, you may be interested in purchasing the coin. Fortunately, doing so is not too difficult.
Open an online account.
One way to purchase FLOKI is through an online exchange. Because the project is very new, it is only offered on a select number of exchanges. Gate.io is the easiest to navigate and offers the quickest route to FLOKI ownership.
For non-US customers –– Gate.io offers thousands of cryptocurrencies, one of which is FLOKI. To purchase FLOKI, you first must create an account on Gate.io. Doing so is easy and just requires an email and password. Next, you must fund your account.
Gate.io does not allow for fiat (U.S. dollar) transfers, so you must send cryptocurrency from another exchange account. Robinhood, eToro and Crypto.com are great choices.
If you’re located in the U.S, you’ll need to send Ethereum tokens to a crypto wallet. From there, you can use a decentralized exchange like Uniswap to swap your ETH into FLOKI. Most platforms let you send ETH to a cryptocurrency wallet, such as Robinhood, eToro and Crypto.com.
Buy a wallet (optional).
Wallets differ from exchanges in that they let you hold custody of your digital assets, whereas a crypto exchange holds your private keys. You can choose from multiple forms of virtual wallets. Depending on how you go about buying FLOKI, having a wallet may be a necessity. The best software wallet to use on Uniswap is Metamask wallet, which you can download for free on the Google Chrome app store.
Make your purchase.
Once you have a balance in your MetaMask wallet, you can link the wallet to the Uniswap interface. If you use Gate.io, you can send your crypto directly from the exchange you purchased your ETH on. Using Gate.io, navigate to the FLOKI/USDT pair. To purchase FLOKI, you will have to swap the token with USDT. Choose the amount of USDT you would like to swap for FLOKI and execute the trade.
Afterwards, you should have FLOKI in your Gate.io account. On Uniswap, navigate to the “Swap” section. Select the FLOKI/WETH pair. You can then use your balance to swap your ETH for FLOKI, similar to the process on Gate.io
Why Are Memecoins Popular?
While meme coins aren’t typically innovative projects, they’re still incredibly popular. You may ask yourself, why do these doggy-themed coins have any value, anyway? Memecoins can be viewed from a similar angle as NFTs: they grant access into a community of like minded people and can be ridiculously profitable for what they are.
Whether it’s the Bored Ape Yacht Club or the Floki Vikings, owners of these tokens belong to a large community of other owners of the project which some see as valuable.
Plus, the only way for these investors to make a profit is by convincing others to buy their tokens. Memecoin owners are often vocal about their favorite token of choice going to the moon on social media platforms for this exact reason.
Where to Buy Floki Inu
Below we’ll take a closer look at Huobi, another centralized exchange LBank, Pancakeswap and eToro:
Huobi Global – Best Way to Buy Floki Inu Right Now
Huobi listed FLOKI on March 2nd, 2022 and is the best place to buy Floki Inu now. It is a crypto trading platform founded in China in 2013 that provides cryptocurrency trading services to users worldwide. It quickly became a mainstay in the blockchain ecosystem – ranking as one of China’s top crypto trading platforms.
After regulatory restrictions began in China it now operates from Hong Kong, South Korea, Japan and the United States.
For those looking to use fiat currency to buy Floki Inu, Huobi is an easy-to-use choice, allowing you to buy crypto with a debit card, bank transfer and range of other payment methods. It supports over 400 cryptocurrencies alongside FLOKI.
Currently only a FLOKI / USDT trading pair is available to trade FLOKI.
Users in the United States are redirected to HBUS, the USA facing version of Huobi.
Can Floki Inu Reach 1 Dollar?
Theoretically there is the slight possibility that Floki Inu could reach $0.01, with a tremendous amount of trading volume and increased capitalization.
Although the realistic outcome would be Floki Inu will never reach $0.01. A $250 million market cap is a lot of money for a token that does nothing; it is hard to imagine investors will want to continue buying a token with no utility. Also keep in mind this is one of many dog themed coins, all with no real utility or purpose.
