FLOKI (Ethereum)

FLOKI

Floki Inu (FLOKI) is a cryptocurrency inspired by Dogecoin and Shiba Inu, launched on Ethereum and Binance Smart Chain in 2021, named after Elon Musk’s pet Shiba Inu, with a focus on community engagement, NFTs, and decentralized finance tools.

Risk Rating
Good
What is FLOKI (Ethereum)?
What we like
Floki (FLOKI) capitalizes on its connection to Elon Musk, who named his Shiba Inu “Floki,” leveraging Musk’s influence to build hype and community. Its ecosystem extends beyond being a meme coin, featuring initiatives like FlokiFi, a DeFi platform, Valhalla, a play-to-earn game, and TokenFi, a RWA project.
What we like less
Despite its broad ecosystem, some of Floki’s initiatives, like Valhalla and FlokiPlaces, are still in their early stages, limiting their impact on the token’s utility and adoption.
What it means for you
As a FLOKI holder, you gain access to a growing ecosystem with diverse use cases, including DeFi, GameFi, RWA and NFTs, alongside potential benefits from the token’s deflationary model.

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Information
Blockchain
  • Ethereum
Info
  • Asset Type: ERC-20
Key Metrics
Risk Assessment
Good
Asset Strength

FLOKI is a mid-cap asset that represents the protocol's native governance or utility token.

Dependencies

FLOKI (Ethereum) has no dependencies.

Asset Tokenomics

FLOKI has a fixed supply. FLOKI is a memecoin based on Elon Musk's dog that originated on Ethereum.

Things to know about FLOKI

Why is FLOKI popular, and what makes it unique?

Floki (FLOKI) gained widespread attention as a meme coin tied to Elon Musk’s influence, with the coin being named after his pet Shiba Inu. What makes FLOKI unique is its focus on transitioning from a memecoin to a utility-driven asset by building a comprehensive ecosystem. This includes FlokiFi, a DeFi platform offering staking and liquidity provision, and Valhalla, a metaverse play-to-earn game. Its recent move into real-world asset tokenization through TokenFi demonstrates a commitment to staying relevant by expanding its use cases. This blend of meme culture and ecosystem development makes FLOKI a standout among memecoins.

Can FLOKI’s price increase over time?

FLOKI’s price growth is tied to the success of its diverse ecosystem and the effectiveness of its deflationary tokenomics. The token has a maximum supply of 10 trillion, with all tokens released simultaneously. In March 2024, the community voted to burn 2% of the total supply, reducing the maximum supply. Projects like FlokiFi and Valhalla drive token demand by integrating FLOKI as a core component, while TokenFi introduces exposure to the trillion-dollar RWA narrative. Token burns across services also help reduce supply, potentially creating upward price pressure. For instance, tokens are burned through portions of FlokiFi transaction fees and the Telegram-based trading bot. However, sustained growth will depend on the adoption of these initiatives and continued community engagement.

What are the risks of investing in FLOKI?

Investing in FLOKI involves risks, including its reliance on ongoing development and adoption of ecosystem projects like Valhalla and FlokiFi. While its deflationary model provides value over time, the project’s growth depends on its ability to maintain interest and compete with other utility-driven memecoins. Additionally, its heavy reliance on marketing and partnerships raises concerns about long-term sustainability, especially if ecosystem projects fail to deliver the expected results. As with all memecoins, volatility remains high, and investors should carefully assess the risks before investing in FLOKI.

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