What is Floki Inu and how is Elon Musk connected to it?

As of mid-2021, there are about 6000 cryptocurrencies in existence. About 13 of these are dog-themed. Floki Inu (FLOKI) is among the dog-themed cryptocurrencies alongside Dogecoin, Shiba Inu, and Corgi Inu. It is a community-owned crypto platform. 

Floki Inu was built by a team of top crypto developers and influencers. These include Bamidele, Uniswap Detective, PetaByte Capital, Moontography of $MTGY, and Jackie Xu. They built it early this year, but its name hit the headlines after Elon Musk tweeted that he is naming His new dog Floki. The dog happened to be a Shiba Inu breed.

Elon Musk Influences Floki Inu

Few hours after the tweet, the price of the dog-themed Crypto Shiba Inu surged by 35%. Concurrently, the cost of Floki Inu surged by 3500%. It moved to a new time of $0.00007477. Elon Musk is not the only Musk supporting Floki Inu. His brother Kimbal Musk has partnered with FLOKI through His project ‘Million Garden Movement.’

Floki Vikings

This is the online community of the Floki Inu platform. The community picked the name from a character named ‘Floki’ in the Vikings Tv series.

Floki Vikings have been responsible for pushing FLOKI prices up. Three months after its launch, their social media campaigns moved the token by more than 120%. They also pushed the token to be top 10 in the LunarCrush leaderboard.

Floki Inu is aiming to make the token more usable to the Floki holders and Vikings. They are partnering with other companies to increase the utility of the token. Recently, they partnered with Epay to allow its community to buy from the Floki Marketplace.

Floki Locked to BCS and ETH

The developers of FLOKI locked its liquidity on the Binance Smart Chain & Ethereum contracts for 265 years to maintain a stable price of the token. This will enable Floki Holders to sync their tokens across BSC and ETH blockchain networks.

Floki Inu plan

Floki developers had planned to launch the token without significant bugs and launch it on BSC. After a successful launch, they aimed to hit 100 000 holders. On Oct 7th, 2021, Floki tweeted that they had hit 100 000 holders.

Currently, they plan to increase their membership to 150 000 holders, get more investors and have more partnerships. They also aim to create more decentralized apps and run a charity event.

Advantages of Investing in Floki

Since Floki Inu developers linked it to Ethereum and Binance Smart Chain, it has unlimited access to ETH and BSC blockchain and communities. This makes the coin more liquid and stable. Additionally, Floki holders can have a 1:1 swap of their tokens through the ETH-BSC bridge with no transactional tax.

Floki Inu offers rewards to holders of the token. Floki holders get a 4% reward distributed on the BSC and ETH blockchains whenever anyone swaps its tokens on any crypto exchange.

Floki’s Real-World Usage

Floki has partnered with CryptoCart making it possible for Floki holders to buy stuff from more than 1000 worldwide stores.

It has also partnered with XCUR, and Floki holders will be able to buy anything from the XCUR platform once it’s launched.