“Floki has arrived”
Elon Musk, 13th September 2021
Dog-themed coins have certainly made quite the wave in 2021. The extraordinary rise of Dogecoin prompted other developers to try their hand at creating their own dog-themed coin. Hoping they can repeat the success of Dogecoin. What better name for dog-meme coin than the name of the Shiba Inu of the Dogefather himself. Captain Inu’s crew cannot think of one.
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What is Floki Inu?
What is Floki Inu? FLOKI is a cryptocurrency. It is one of the many dog meme-coins in existence similar to the widely popular Dogecoin and Shiba Inu. The project initially launched on the Ethereum network. A bridge to the Binance Smart Chain (BSC) has since been developed and tokens can be transferred on a 1:1 basis between the networks.
History of Floki Inu Coin
Floki Inu was inspired by Elon Musk. On the 25th of June 2021 he tweeted that he will be adopting a Shiba Inu puppy, which he named Floki. The anonymous team of developers behind FLOKI quickly sprung into action. By the time Elon Musk posted the first picture of his newly adopted puppy on Twitter, FLOKI was already trading on Uniswap.
Leveraging the influence of the Dogefather the FLOKI price grew by as much as 60,000% between its August 2021 and its peak at the end of October 2021.
What Makes Floki Inu Unique?
Floki is still a very new project. So far they have aimed their sights at becoming a ‘DOGE & SHIB killer’. Floki Inu is clearly trying to outcompete the 2 top dog-meme coins. They do this by placing a lot of focus on engaging the community and creating utility for FLOKI. In order to achieve the latter, the project is currently working on three main utilities:
- NFT gaming metaverse;
- NFT & Merch marketplace called FlokiPlace;
- The Inuversity, an education platform.
The community call themselves the ‘Floki Vikings’. Captain Inu loves Vikings, especially if they’re helping him wage battle against the villains of the Metaverse!
NFT Gaming Metaverse
Floki Inu is building a non-fungible token (NFT) gaming metaverse. This gaming metaverse will be known as Valhalla and will feature games with a play-to-earn mechanism. Players will be able to earn FLOKI by playing blockchain games in the Valhalla metaverse. These games promise to have on-chain gaming interactions and upgradable NFT’s. Floki Inu says their goal with Valhalla is to attract players who would otherwise not have heard about crypto and blockchain technology. They want to intrigue them with this gaming metaverse.
Valhalla is currently in development and is scheduled to be launched in 2022.
FlokiPlace
One of the challenges with cryptocurrency is it’s not as convenient to spend it as fiat currency. Floki wants to address this by creating FlokiPlace a decentralized marketplace where people can easily purchase both physical goods and NFT’s while paying with cryptocurrency. FLOKI of course being the core payment option in this marketplace.
Inuversity
With a very clever playon the word university, FLOKI is working on an education platform. The platform seeks out to educate everyone on cryptocurrency and blockchain technology. Increasingly more and more people are exposed to blockchain technology. This means there has to be quality, reliable and accessible information about this technology. The main goal here is to educate the mainstream audience and to overcome misconceptions and false impressions that this audience has.
How To Buy Floki Inu?
Where can you buy FLOKI? Floki is listed on both centralized exchanges and decentralized exchanges (DEX). The most volume of transactions being done (at time of writing) on: ZT, AOFEX for the centralized exchanges. Within the decentralized exchanges FLOKI is most traded on Pancakeswap (on Binance Smart Chain) & Uniswap (on Ethereum).
Floki has not yet been listen on the biggest exchanges. A listing on Binance, Coinbase or Huobi could have a very positive impact on it’s price.
Warning: Many shady figures operate in the Inuverse. When buying through a decentralized exchange make sure that your funds are SAFU by always verifying the following:
- Check if you are using the correct URL for Pancakeswap & Uniswap. Some scammers place google ads on these search terms and inconspicuously change one or two characters in the URL. Connecting your wallet to the wrong URL is risky and may result in you losing the funds in your wallet.
- When buying coins through a decentralized exchange always make sure you check the contract address of the coin you are buying. Do this through a verified source such as CoinGecko or Coinmarketcap. There are many fake coins going around that use the same or a similar ticker name as Floki. Buying these would mean you invest in the wrong coin and you could potentially lose your money.
Captain Inu’s crew is always serving the Inu Metaverse community and does it’s best to protect new community members.
Is Floki Inu a Good Investment?
Is FLOKI a good investment you may wonder? FLOKI has without a doubt proven it has a great marketing team. On the other hand FLOKI still has a long way to go before it can rival its main competitors Dogecoin and Shiba Inu. As long as the memecoin trend is still going strong FLOKI may still yield good returns. The market cap of FLOKI at the time of writing is sitting just over 1 billion dollars. Comparing that to 21 billion in DOGE and 18 billion in SHIBA INU. There’s still seems to be plenty of room to grow. The law of diminishing returns makes it unlikely that FLOKI will repeat the kind of gains it has made shortly after its launch. But with everything that’s still in the pipeline for this project who knows where it might end.
Always do you own research this is not financial advice.
Final Thoughts
Memecoins are still going strong. A mere 1000 $ dollar investment in FLOKI in August 2021 would have been worth $600,000 at its peak in October 2021. Absolutely insane returns! As mentioned before in this article any of the more established coins are unlikely to produce these kinds of results in the future. Many investors are on the lookout for the next big thing and projects are being set up left, right and center trying to imitate the success of DOGE, SHIBA and FLOKI. Captain Inu is vigilant and only gives his stamp of approval to Inu’s that care about the greater good and the prosperity of the Inu Metaverse. All in all Floki Inu and his loyal Floki Vikings deserve this stamp without a doubt!
Want to learn more about other Inu projects the captain is watching for potential partnershibs? Take a look at our news section.
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