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

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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

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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.

FLOKI falls under the purview of the U.K. Advertising Authority

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The Advertising Standards Authority (ASA) of the United Kingdom is cautiously looking into all crypto-based adverts, including Floki Inu. There have been various adverts reported on the public transports in London to which the Floki team has quickly responded. FLOKI determined this as merely an attack from the lawmakers.

The FLOKI token was reportedly inspired by the renowned dog coin Shiba Inu that has been trending for a while. The coin has a huge following on Twitter as well and has risen by more than 147% in October.

The officials of the coin have come ahead to clear out the air on the allegations. Floki Inu clearly stated:

“The FLOKI advertisements placed through Transport for London followed due process and were legally cleared before they went live.”

The London lawmakers seem to have an issue with the project, citing little knowledge of the creators.

Floki Inu responded to this by saying that their decision of not predominantly featuring team members on the website was made with an intention to clear that the coin is PEOPLE’s crypto and was rather a movement focused on them. 

The officials added that the attack by lawmakers against their ads is unwarranted. They believe that the pushback is certainly by a political party to attack crypto and people’s freedom of choice. They find it a clear attempt at censorship.

However, the lead developer of the coin Jackie Xu is pretty popular on social media and well regarded in the industry. He has also worked on the Vyper project alongside Ethereum creator Vitalik Buterin.”

Floki questions the actions of lawmakers

Floki added that crypto is not illegal in the U.K., and more than 2.3 million citizens hold some or other digital assets. The officials questioned the actions of lawmakers allowing nudity and other inappropriate adverts but being against crypto. They stated:

“Ads that make women feel shameful about their bodies, as well as ads about Viagra and junk food, are allowed to run freely on the Tube….” 

The crypto has been involved in charitable deeds for quite some time. It recently donated all the money raised in an NFT sale worth $1.4 million to charity. It is also working with Pencils to Promise to construct schools in different regions of the world, including Africa.