TronWeekly

Crypto World News

You are here: Home / Search for "floki inu"

Search Results for: floki inu

Floki Inu’s Roadmap For 2023 Teases A “Mystery Project”

by

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.

Floki Inu Rides The Meme Coin Wave, Soaring To New Heights With 66% Boost In A Day

by

Floki Inu, a dog-themed token, has experienced a surge in price, reaching its highest levels since January 2022. CoinMarketCap’s data shows that Floki Inu’s market cap is over $328 million, making it the 216th biggest crypto in the world.

Musk’s Tweet Causes FLOKI to Jump

Elon Musk’s tweet featuring his Shiba Inu puppy caused Dogecoin’s price to skyrocket, and this tweet has also propelled Floki Inu’s price to surge. The official Floki Inu Twitter account thanked Musk “for this opportunity” and hinted that they saw it as a favorable sign.

The FLOKI price has risen 65.43% in the last 24 hours and 75% in the previous seven days, with a 176% growth in trading volume in the last 24 hours. Additionally, the market cap has risen by 65%. 

FLOKI 1D graph coinmarketcap
Source: CoinMarketcap

It invalidated the double-top pattern that was forming, moving from a low of $0.00000815 to a high of $0.00005124 since the start of the new year. CoinGecko data shows that FLOKI experienced about 422.9% growth in the last 30 days, and during the previous 14 days, it managed to gain about 101.7%.

According to our current FLOKI price prediction from coincodex:

The value of FLOKI is predicted to rise by 11.50% and reach $ 0.00005952 by February 21, 2023. According to our technical indicators, the current sentiment is Bullish, while the Fear & Greed Index is showing 62 (Greed).

Kucoin & LunarCrush Listings Floki Inu

Kucoin, a major crypto exchange, has listed Floki Inu, and the token will be paired with USDT and USDC stablecoins, exposing it to over 27 million customers in 207 countries. The Floki Inu Twitter account called this “massive and one of the biggest Floki exchange listings” so far.

Floki Inu has also been added by LunarCrush, along with other popular meme coins such as SHIB, BNB, and Dogecoin. It is now available for trading among the first assets on the platform.

Overall, the surge in price has also been fueled by the sudden momentum in meme coins, which has been a hot topic among investors and traders. As the crypto market continues to evolve, it will be interesting to see how meme coins like Floki Inu perform in the coming weeks and months.

Related Reading | Binance To Face Monetary Penalties For Breaking U.S. Laws, Says Top Executive

Floki Inu and Chainlink collaborate to enhance protocol

by

The integration of Chainlink Keepers service with Floki Inu’s token-locking system, FlokiFi Locker, has been announced. The most recent innovation is an extension of Floki Inu’s dedication to enhancing the effectiveness of its services and growing its user base. The process of users locking tokens through FlokiFi Locker should become quicker, more efficient, and more safe thanks to Chainlink Keepers, a decentralised service created to manage duties on behalf of smart contracts.

Screenshot 121
Source: Twitter

This is not the first time the two cryptocurrency startups have worked together. Chainlink and Floki Inu previously collaborated on integrating the Chainlink Price Feeds service into FlokiFi Locker. The FlokiFi Locker now offers the accurate price display for token locking in many networks as a result of that invention.

Screenshot 123
Source: Twitter

In addition to having a thriving community, Floki Inu has partnerships and synergies that have advanced the project’s storyline. In reality, Floki Inu revealed publicly on Twitter on December 3 that Chainlink had been integrated into the platform as part of a calculated attempt to enter the DeFi market.

This connection could provide Floki with access to the tamper-proof price feeds required to read an accurate on-chain pricing and play a critical role in facilitating the smooth operation of Floki’s P2E NFT game. According to the platform, the change will also make HODLing tokens simpler while enabling users to stake, lend, and borrow in the future.

In addition, Floki teamed with Bayer 04 Leverkusen, a dominant force in the Bundesliga and a German professional football club. This increased the altcoin’s visibility. Thus, the query: Why does the coin still have a market cap ranking of 2800 while having a respectable number of partnerships and integrations?

Courageous Floki Inu community

The vast majority of cryptocurrency assets struggled to build value and are now worthless. The potential for growth of these assets has been taken into consideration by the community, however some residents have expressed concern regarding price stagnation. A significant member of the Floki Inu team decided to resolve the problem at a recent AMA that took place in July 2022.

Screenshot 124
Source: Twitter

The bear market has caused extreme difficulty for the market as a whole. The impact of FLOKI was one of them. Over the last three months, there has been a dramatic fall in the meme currency.

Floki Inu folks’ resilience during price volatility

by

Floki Inu has been making waves since its launch. One of the strangest and most intriguing phenomena in the cryptocurrency market has been dog-coins.

Dogecoin (DOGE) and Shiba Inu (SHIB) riled up the meme crypto revolution. These assets’ rising popularity paved the path for the development of related cryptocurrencies like Floki Inu [FLOKI], BabyDoge Coin, and others. The price was less important than these assets because they were being adopted first.

The majority of these assets struggled to make gains and are currently worthless. Even though the community has been considering these assets’ potential for development, several members have expressed worries over price stagnation. During a recent AMA, a key team member of Floki Inu made the decision to solve the issue.

The market as a whole is in severe hardship as a result of the bear market. One of the impacts was FLOKI. The meme currency has experienced a significant decline over the past three months.

This worrying occurrence has undoubtedly received a lot of attention. However, the core team of the network appears to be cut off by the same. A team member identified in the AMA as @100bviking on Twitter claimed that they were unconcerned with FLOKI’s short-term price movement. In fact, he said, “It doesn’t move us, and it certainly doesn’t distract us.”

He further added,

“That said, to answer the above question, macro sentiments over the past few months have been very bearish and crypto isn’t an exception. Ethereum will become 7 years old this year (meaning it has survived several bear markets) and is the second largest crypto asset in the world with countless of institutional investors and on every exchange in the world yet it’s down 80%.”

Additionally, he pointed out that the Floki Inu is not immune to the bears’ swings. However, they continue on with adoption as their main objective.

Listing on CEX, an essential to Floki Inu price

Despite the start of the bear market, assets like Shiba Inu have been able to attract listings. For Floki Inu, things weren’t the same. The community emphasized the importance of CEX listings in maintaining a cryptocurrency’s price and volume.

Screenshot 76

Regarding the same, the core team member mentioned that they were in discussions regarding listings with numerous CEXs. A few people are waiting for the bear market, while others have consented to list the altcoin right away. Therefore, there is no significant problem with the listing. At the time of writing, Floki was priced at $0.00000709 with a daily hike of 0.4%.

Floki Inu Gets Back on Track With Its Controversial Advertisements

by

Floki Inu (FLOKI), a Dogecoin (DOGE) competitor, has launched an “aggressive” marketing effort in London, plastering ads around the city’s railway stations and on the city’s famed red buses.

In a Sunday blog, Floki Inu revealed the new campaign, stating that “the people’s cryptocurrency” will begin advertising on the sides of 100 buses and 203 posters in the city’s subway stations on Monday.

The meme coin’s current marketing push follows a similar marketing blitz in late 2021 that sparked outrage from London Assembly member Sian Berry, who attempted to prohibit all cryptocurrency ads on the city’s train and bus networks.

Floki Inu and red buses

“Missed Doge?” read signs in FLOKI’s last campaign. “Get Floki.” In November, in a tweet, Berry compared cryptocurrency to gambling, adding that public services should not promote “risky” schemes.

The campaign drew so much criticism that the Advertising and Standards Authority (ASA) of the United Kingdom intervened, banning the commercial on March 2 because it “exploited customers’ anxieties of losing out, trivialized bitcoin investing, and took advantage of consumers’ inexperience.”

Despite the regulatory opposition, Sabre, the pseudonymous alias for Floki Inu’s head of marketing, underscored in the release that the team had no intention of standing down:

“In a sense, this second London campaign is an even bigger win for Floki and the crypto industry as a whole than the first, as our team has fought for the right to advertise our groundbreaking project to the public.”

“Some people wanted us outright banned, and the anti-crypto movement continues to spread like wildfire through smear campaigns and disinformation. “No matter what, the Floki Team will always remain firm,” they said.

The Advertising Standards Authority (ASA) extended a slew of prohibitions on crypto businesses’ advertising in the UK earlier this year in January.

Two advertisements from Crypto.com, which advertised the convenience of acquiring Bitcoin and collecting yield incentives, were blocked by the authority because they failed to disclose the investment’s risk.

The Advertising Standards Authority (ASA) issued ad bans on six crypto businesses in mid-December 2021 for “taking advantage of customers’ inexperience” and failing to highlight the risk of crypto investment.

Floki Inu available to millions through CoinDCX listing

by

Floki Inu has been added to CoinDCX Pro, yet another Indian cryptocurrency exchange platform. CoinDCX had declared that the altcoin would be listed at 8.30 p.m. on 2 March 2022.

Floki Inu (FLOKI) is a meme coin that is dog-themed. This altcoin calls itself “a movement” rather than a meme coin. This cryptocurrency was created by Shiba Inu (SHIB) fans and the SHIB community members. Elon Musk’s Shiba Inu inspired the coin’s form.

Floki Inu and Indian Soccer club, Kerala Blasters FC, partnership

Not very long ago, FLOKI had announced its partnership with the Indian football club. On 19 November 2022, the meme coin took to its Twitter handle to announce its collaboration with Kerala Blasters FC, one of the top football clubs in India, as a sleeve sponsorship deal.

Screenshot 2

Kerala Blasters are one of the best teams in the category, having won second place in two championships. In the then-new Indian Super League season, the meme coin’s logo and website were to be displayed on Kerala Blasters’ kit sleeves.

The ISL, which began in 2013, is India’s elite soccer league, with 11 teams competing in the 2021-2022 season. With over 130 million global fans, the league is the fifth most renowned in the world.

The agreement, which took effect immediately, also included Floki Inu’s logo being displayed on LED screens during home games at the team’s 41k accommodation stadium.

Screenshot 3
Kerala Blaster’s new kit with FLOKI as sponsor

The goal of the collaboration for meme coin was to help crypto become ubiquitous in India and get access to the large market there. Due to the soccer league’s global popularity, Floki Inu has also garnered more global recognition with the sponsorship.

However, this wasn’t the first time a sports team has teamed up with a cryptocurrency company. For a long time, crypto-related businesses have been establishing sponsorship agreements with teams from all over the world.

Sports appeal to a wide range of audiences, thus crypto organizations find them to be an excellent way to sell to a large audience. Elon Musk’s favorite crypto, Dogecoin, also signed a kit agreement with English Premier League club Watford FC earlier in 2021. At the time of writing, Floki Inu was priced at $0.00003614 with a daily plunge of 8.9%.

Floki Inu Ads Banned by UK Regulators

by

According to an inquiry by the advertising authorities, advertisements for the cryptocurrency Floki Inu, which were splattered over London’s public transportation network last autumn, violated UK advertising regulations.

The Advertising Standards Authority stated that the commercials, which carried the phrase “Missed Doge?” violated the Advertising Standards Act. “Get Floki” and a cartoon dog mascot “exploited customers’ anxieties of losing out… trivialized cryptocurrency investing and took advantage of consumers’ inexperience or naivety,” according to the report.

The Floki Inu advertisements campaign, named after Elon Musk’s pet dog, became a flashpoint for opposition to the broad promotion of crypto tokens and exchanges in the UK, with numerous London elected figures demanding adverts on public transportation to be prohibited.

Floki ads

UK says bye bye to Floki ads

Following an inquiry, the ASA came to the following conclusion. The usage of a cartoon dog wearing a Viking helmet, along with the tagline “Missed Doge.” ‘Get Floki’ played on people’s worries of missing out.

Furthermore, the advertising regulator found that “the commercial was reckless” and “took advantage of consumers’ inexperience or naivety.”

The ASA stated that it has instructed the developers of the Floki Inu cryptocurrency to “ensure that they did not recklessly abuse consumer’s fear of losing out and trivialize cryptocurrency investing.”

They must also “ensure that they did not take advantage of consumers’ lack of knowledge or skepticism by failing to make clear that CGT might be irresponsibly imposed on bitcoin gains.”

The ASA concluded that the advertisement must not reappear in the form it was complained about.

The advertising authorities also pointed out that the disclaimer at the bottom of the advertisement was modest compared to the wording “Missed Doge?” “Find Floki.”

“Despite the qualifying wording, the prevailing impression of the ad was the urgent need to acquire Floki, to avoid consumers losing out in the same manner they may have lost out with dogecoin,” the ASA said.

The Advertising Standards Authority in the United Kingdom has been clamping down on deceptive crypto advertisements. IN DECEMBER, the ASA banned seven crypto advertising, including those for Papa John’s Pizza, Coinbase, Kraken, Etoro, Luno, Coinburp, and Exmo.

In addition, the government of the United Kingdom said in January that it intends to enforce new regulations on cryptocurrency ads.

Floki Inu reveals ‘Valhalla Battle Arena’, play to earn Metaverse game

by

Floki Inu appears to be delivering on all of its commitments slowly but surely. Floki Inu has already teamed with TechTree to create Floki University, the ultimate crypto educational platform. It further stated that the first playable Valhalla Alpha Testnet will be available in February 2022.

According to a global leader in transaction execution, Morgan Stanley, the deal will offer Floki Inu a great boost in China’s booming industry, which is projected to cost $8 trillion.

In China, there is an $8 trillion undeveloped and emerging virtual space. It’s impossible to say how much the Metaverse is valued on a global level.

The religious followers of the Floki community (called Floki Vikings) can directly engage in the evolution of the entire Valhalla gaming Metaverse via the input at a vital juncture in the game’s tale, according to the details provided in the official medium blog post updated by Floki’s team.

The Valhalla Battle Arena Alpha Testnet team also detailed the distinctive features accessible at launch.

Screenshot 6
Floki Inu reveals ‘Valhalla Battle Arena’, play to earn Metaverse game 10

These features are inclusive of:

  •  A new battle process with two Vera (playable creatures): Bear Ver Hat Vera.
  • The Vera is more agile and moves on the battlefield, making the game more forceful, spirited, and strategic.
  • Vera’s moves will be location-based
  • Vera will have up to five abilities, accessible through up-leveling.
  • Vera will have different personalities that affect hidden growth stats (these will be patched later).
  • Vera will have three runes, each with a specifically associated ability (ultimate).
  • Kovan Testnet will be optimistic.

An opportunity for Floki Inu adopters to use integrated MetaMask

Clan Subscription System, Leaderboard, Additional Vera, Additional Abilities, Additional Runes, and Additional Personalities were all reported to be available shortly after introduction.

In addition, the Floki team stated that the prototype would be web-based. This choice was made for early Floki adopters to be able to play games on their PCs using MetaMask.

This playable Alpha is supposedly intended for testing reasons only and will not be released in its final form. As a result, the Valhalla development team will actively monitor the messages received from its community, and the game will be updated accordingly, including operational and graphic components. At the time of writing, Floki Inu was priced at $0.00004268.

Floki Inu [FLOKI] is a football club favorite; Russian football giant partners with FLOKI

by

Meme coins have been amassing the engagement of the entire globe. Floki Inu [FLOKI] seemed to be following the footsteps of its counterpart, Shiba Inu [SHIB], and bagging an array of partnerships. Floki Inu has particularly been garnering the attention of football clubs from across the globe.

The value and popularity of the world’s first and largest cryptocurrency, Bitcoin, quite often sidelined all the other altcoins in the market. However, now, altcoins, specifically meme coins were reaching for the moon. Over the last couple of months, Shiba Inu, Dogecoin as well as Floki Inu displayed to the community that they were no joke. With several partnerships and deals flowing their way, these assets became the talk of the town.

Despite being fairly new, FLOKI managed to bag significant partnerships. After joining forces with India’s most popular football club, Kerala Blasters FC, another football club from Russia extended interest in the meme coin.

Floki Inu continues to score major partnerships

In a recent tweet, the meme coin revealed that it had signed a deal with Russia’s most popular football club, Spartak Moscow. This partnership will reportedly include the major presence of the altcoin in the football club. The FLOKI brand will be featured on the jersey of the football players along with LED panels of the asset around the stadium on every advertising construction.

The tweet further read,

“With 17.81 million supporters in Russia, a combined social media following of 10.4 million+ people, and a massive TV audience for each game, the @fcsm_official partnership will help make #FLOKI a mainstream cryptocurrency in Russia.”

FLOKI seemed to be broadening its horizons by diving into every promising market. Furthermore, the aforementioned partnership is already underway.

Apart from Kerala Blasters FC and Spartak Moscow, FLOKI has partnered with other football clubs like Spanish La Liga side Cádiz.

While partnerships continue to flourish, the meme coin was seen trading for $0.000142, during press time.

Floki Inu scores partnership with Indian football club, Kerala Blasters FC

by

Floki Inu, a meme token, has partnered with the most followed football club in India, the Kerala Blasters FC. Inspired by Elon Musk’s Shiba Inu token, FLOKI has also been a favorite of many meme coin investors. The meme coin took to Twitter to announce this new partnership.

India has the biggest amount of cryptocurrency investors (more than 100 million), and Floki Inu wants to grasp the optimal environment to its benefit.

Floki Inu to be Kerala Blasters’ sponsor

The partnership, which takes effect immediately, will have FLOKI be Kerala Blasters’ sleeve sponsor for the upcoming season of the Indian Super League (ISL).

As per the statement, the meme coin is ready to take over the Indian crypto market with the help of India’s most-followed football club. In the entire Hero Indian Super League 2021-2022, the logo of the meme coin will be visible on the right sleeve of the club’s jersey.

Currently, the Twitter handle of the football club has 1.8 million followers, while the Instagram account has more than $2 million followers.

India to ban crypto-related ads?

According to a recent discussion headed by the Prime Minister of India, Narendra Modi, the country is looking forward to stopping crypto frauds in its shoes. The government is looking for ways to track such tokens, and one such method is banning their promotion in the country. The Floki Inu promotion might get caught amidst the regulatory storm.

Furthermore, in his first public statement, the Prime Minister also said that cryptocurrencies influence the Indian youth and that it is necessary to tax and regulate cryptocurrencies. India is also looking to ban private coins, and only approved coins will be eligible for trading on exchanges. Although Floki Inu is a decentralized token, considering its meme coin status, the future of the currency in India remains unclear.

Holding other tokens would be equivalent to breaking the law. The Securities and Exchange Board (SEBI) will be looking after the regulation and taxation of cryptocurrencies. However, the country might impose as much as 40% crypto tax.