The team behind Shiba Inu’s rival Floki Inu has published its brand new roadmap for the current year.
According to the blog, the roadmap outlines its goals for 2023 and provides a sneak peek at its strategies for guiding the Floki community through the various phases.
Divided into four phases, the first of which comprises the completed ones, such as the launch of Floki’s merchandise store, partnerships with decentralized oracle solution Pyth Network and cryptocurrency payments platform Binance Pay.
The next stages reveal the upcoming release of a native staking program, revamping the FlokiFi protocol, and the launch of the Floki Debit Card.
The native Floki staking program’s “Phase 1” is currently being developed, according to the blog, and will shortly be introduced with a crucial DAO vote.
Phase 3 will see the release of FlokiFi’s second major product, currently codenamed “Project TL” on 4 chains.
In the final phase, Valhalla, a flagship utility product and metaverse game will be rolled out. The team also spilled beans on a “mystery project” that it claims “will play a key role within the Floki ecosystem.”
“We won’t reveal too much about this project for now,” the blog added.
Furthermore, the team said that the above-mentioned phases do not necessarily stand for “quarters” or “months” and are not bound by specific timelines.
The roadmap places a strong emphasis on transparency and the project’s resolve to take on its much bigger rival Shiba Inu.
That said, the token had a stellar debut in 2023.
Floki Inu Price Rallied By 100%
The price of Floki increased by roughly 100% in January after the coin’s developer, the Floki Inu DAO, approved a governance resolution to burn $100 million worth of tokens.
Burning tokens serve the objective of reducing supply, which raises the value of each token while maintaining the same amount of demand.
Last week, the dog-themed token soared by a whopping 40% after Twitter CEO Elon Musk posted a meme with his dog Floki posing as the new Twitter CEO.
Additionally, FLOKI also gained entries into several leading crypto exchanges. Its first listing was on a Turkish exchange, Bitexen.
Recently, Singapore-based top derivatives crypto platform Phemex also added three new USDT-margined linear contract trading pairs to its platform including FLOKI.
The burning of 5.1 trillion tokens in two transactions by Floki Inu on February 9th also garnered media attention.
Floki Inu has also been included in the Metaverse, Gaming, and PlayToEarn categories on CoinMarketCap, one of the top cryptocurrency tracking websites in the world.