Altcoins

What Is Floki Inu Coin?

You might have seen the marvelous things done by the character, ‘Floki‘ in the Scandinavian themed movie, ‘Vikings’, well Floki Inu coin is on the same level.

Floki Inu is another meme coin that started as a parody just like its fathers, Dogecoin and Shiba Inu coin. The token is designed to be unique on its own and has ambitious missions and goals.

In this post, we’ll look at the major things you need to know about Floki Inu. This can help you to make your choice when diversifying your portfolio.

What is Floki Inu Coin?

Floki Inu is another dog-themed meme coin that was created from another meme coin, the Shiba Inu coin. The Japanese dog breed is known as ‘Shiba Inu’ and has been the theme for other meme coins like Dogecoin and the Shiba Inu coin.

Floki Inu is named after Tesla CEO Elon Musk’s pet Shiba Inu, Floki. The billionaire is known to influence the early meme coins via cryptic crypto tweets.

According to CoinMarketCap, Floki Inu was founded by a group of crypto influencers by the names of B PetaByte Capital, Sabre and Mr Brown Whale. The project’s lead developer is Jackie Xu, a well-respected and doxxed figure in the industry with over a decade of blockchain experience.

What Makes Floki Inu Different Among Other Crypto Assets?

The meme coin aims to stand out amidst all other meme coins. Its deeper vision is to have utility by creating an autonomous and decentralized ecosystem and building partnerships.

It aims to perform several purposes such as to be used in a range of applications, from non-fungible tokens (NFTs) to games and finance. There is also an emphasis on the metaverse.

Just like the earlier stated connection with the ‘Vikings’, Floki Inu has named its NFT gaming metaverse ‘Valhalla’ which is associated with the Vikings mythology.

The Three Pillars of FLOKI

Floki Inu has three main pillars as a dog-themed coin. They are its meme status, its utility and its charitability.

For its meme status, the token defines itself as a movement, giving power to the people whether they are rich or poor, young or old. FLOKI aims to be the most known and most used crypto asset in the world.

Its utility pillar is all about supporting and developing various projects, such as the earlier mentioned Valhalla as well as Flokiplace (marketplace for NFTs).

The charitable pillar is aimed at making life easier and make the world a much better place. Floki Inu intends to build a school in every continent first and every underdeveloped nation of the world.

What is Floki Inu Worth In The Crypto Market?

As of Janauary 2022, Floki Inu is ranked 2880th among the ten of thousands of coins listed by CoinMarketCap. Its current price is $0.00007244 with a 24-hour trading volume of $10.6 billion.

The maximum supply of this coin is 20,000,000,000, 000 FLOKI coins. Although it is below other meme coins like DOGE, SHIB, DOGELON, its also making headlines in the crypto industry.

FLOKI can be bought on crypto exchanges like Gate.io, Bitget, BingX, FMFW.io, and Hotbit.

Conclusion

Meme coins are also in the category of shitcoins which make them the riskiest of the crypto assets. Although DOGE has stand tall in the midst of other cryptos, care has to be taken before investing in this crypto coins.

FLOKI might gain popularity in the crypto as it has been predicted by the crypto community, the goals and ambition set by its founders make it one to consider.

Also Read:

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