Floki digital currency is one of the popular meme coins in the world of digital currency, which was inspired by Elon Musk's dog! While most meme coins do not have a specific use and rely solely on users' interest in the world of memes, Floki's developers place a high value on utility. If you want to know what Floki currency is, how it differs from other meme coins and what are its uses, stay with us in this article from Pars Bit.
What is Floki Cryptocurrency?
The Flokey Coin meme may look cute, but it's actually a complete Web3 project that has something to say in areas like DeFi, NFT, and Metaverse!
Floki continues to operate with the slogan "The People's Crypto" and has been able to distinguish itself from other repetitive and non-innovative meme coins.
One of the remarkable points about Floki digital currency is its 3% tax for all buying and selling operations. The income from this tax is directly deposited to the treasury of Fluki and according to the claim of the developers, it is used for the development and improvement of the project. According to the information in Floki's white paper, the development team will reduce this tax after raising enough funds. Of course, so far no information has been published about the amount of capital required or the amount of tax reduction, and the occurrence of such an event is not certain.
The other is related to the Fluky blockchain. This digital currency does not have its own blockchain and operates on Ethereum platform with ERC20 standard and Binance Smart Chain with BEP20 standard. Transfer of FLOKI token between these two networks is possible and does not include 3% tax.
History of Floki
In June 2021 (July 1400), Elon Musk announced in a tweet that he had chosen the name "Floki" for his Shiba Inu dog. The developers were also inspired by this tweet and chose the name of Floki Inu for their project. This project was originally supposed to be a simple meme coin that used the image of a cute dog like dog coin. But over time Floki Ino evolved into something more, an ecosystem. Then the development team decided to change the name of the project to Floki.
The Floki project is now focused on building a blockchain ecosystem and philanthropic donations. Collaborating with Kimball Musk on the Million Gardens Movement gardening campaign and building schools in underdeveloped countries are among the philanthropic goals of Floki developers.
The three main pillars of the Floki project
In order to better understand what is the Floki cryptocurrency, we must be familiar with the 3 main pillars of its project, which are: memes, application and charity.
By being placed in the category of meme coin, Floki is supposed to operate beyond financial and cross-border restrictions and be available to all users in the world. The use of this cryptocurrency is also found in products such as Valhalla (Metaverse-based game) and Floki Places (NFT buying and selling market).
Philanthropic goals such as building schools in poor countries and creating a positive impact in the world by improving people's lives are the third main pillar and the focus of Floki project developers.
It is not bad to know that Floki becoming the most famous and widely used digital currency in the world is the main goal of the developers of this project. Of course, this meme coin is far from Bitcoin or even Dogecoin (known as the king of meme coins)!
