During our most recent monthly community AMA, a community member asked about the future of the Floki ETP.
Our Core Advisor, B (@100bviking), provided the following response:
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I think the future of the Floki ETP is very promising, for a number of reasons:
1. Floki is consistently among the most traded cryptocurrencies in the world for the greater part of this cycle, showing strong overall demand.
2. Floki is very unique when it comes to other ETPs, due to its strong utility focus and stream of products with good adoption.
3. The Floki ETP will make Floki the only other memecoin besides Dogecoin to have an ETP on a regulated stock exchange or in Europe when it goes live, making it one of a very limited set of options.
Based on all the above, I think there should be reasonable traction for the Floki ETP for the foreseeable future.
As to the state of the progress, while I cannot disclose specifics due to NDAs and other contractual obligations with our partners facilitating the ETP, all I can say is that things are going very smoothly and I believe timing will align perfectly for whenever the ETP goes live!
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Link to full AMA:
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NFTevening ɢᴍ
We’re so back 🚀
Ethereum coins woke up and chose to pump 💪
DeFi leaders leading the charge:
🔥 $COMP +17%
🔥 $ETHFI +15%
🔥 $AAVE +15%
So… is it time to ride the fundamentals?
Or will memecoins come roaring back for revenge?
Drop your pick 👇
Top gainers
- @compoundfinance | $COMP
- @ether_fi | $ETHFI
- @SkyEcosystem | $SKY
- @SuperVerse | $SUPER
- @eigenlayer | $EIGEN
- @SPX6900aeons | #SPX6900
- @Livepeer | $LPT
- @RealFlokiInu | $FLOKI
- @pepecoineth | $PEPE
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4
Not Elon Musk
$ETH is starting to breakout which should set the tone for a major memecoin rally from here.
Last cycle $DOGE and $SHIB were the main memecoins that were fueled by an ETH breakout.
This cycle I'm expecting $FLOKI to be the main memecoin to watch.
Floki is the Doge and Shib of this cycle.
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wallstreetbets
While everyone is distracted with $SOL tokens, there are gems going under the radar on the motherchain.
#Omalley on $ETH is solid.
It's $PEPE creator Matt Furie’s pet cat. Let's not forget $FLOKI @omalleytoken
This has all the ingredients for a proper moonshot.
The current price of FLOKI is $0.000093040. Over the last 24 hours, FLOKI has increased by +8.32%. It currently has a circulating supply of 9,663,213,843,734 FLOKI and a maximum supply of 10,000,000,000,000 FLOKI, giving it a fully diluted market cap of $899.84M. At present, FLOKI holds the 59 position in market cap rankings. The FLOKI/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Meme coins have carved out a niche within the cryptocurrency arena. Among them, FLOKI, inspired by memes and Elon Musk's Shiba Inu dog, has garnered interest for its community-driven ethos and marketing efforts.
What is FLOKI
FLOKI is a meme coin that serves as a utility token for its expansive ecosystem. Despite its humorous origins, FLOKI has gained significant traction and boasts a dedicated community. What began as a meme has also evolved into a formidable project with a cross-chain presence on both the Binance Smart Chain (BSC) and Ethereum (ETH) blockchain.
Transactions within the FLOKI ecosystem incur a 3 percent fee, which fuels the treasury responsible for furthering the project's growth and collaborations. Users bridging tokens between the ETH and BSC chains are exempted from this fee.
The FLOKI team
Mimicking the trend of many meme coin ventures, the FLOKI team comprises anonymous developers and marketers. Their collective efforts center on fostering the growth and reputation of the FLOKI ecosystem within the crypto sphere.
How does FLOKI work
Operating on the Ethereum blockchain as an ERC-20 token, FLOKI's attributes include trading on decentralized exchanges and an inherent burn mechanism, making it a deflationary asset.
Furthermore, FLOKI powers Valhalla, the platform’s NFT metaverse incorporating play-to-earn (P2E) mechanics. Here, users can accrue FLOKI tokens and buy in-game NFTs. Valhalla offers opportunities for passive income with features like a gardening system, battle and ship systems, and an item system.
The project also plans to introduce FlokiPlaces, an NFT marketplace and merchandise shop, with FLOKI as the primary currency.
FLOKI tokenomics
FLOKI boasts a maximum supply of 10 trillion tokens. A deflationary mechanism is in place, burning a percentage of tokens with each transaction and rewarding every FLOKI holder with a portion of every transaction.
FLOKI use cases
Beyond its role as a tradable cryptocurrency, FLOKI’s versatility extends to a DeFi platform, where its potential as a liquidity tool is being explored.
Additionally, the upcoming FlokiPlaces NFT marketplace will use FLOKI as its primary currency. Within the gaming metaverse Valhalla, users can also earn and spend FLOKI tokens. Lastly, the token will also be pivotal in the University of Floki, an educational crypto platform.
What the future holds for FLOKI
With an array of exciting initiatives in the pipeline, FLOKI’s journey is poised to transcend its meme origins. The development of a decentralized exchange, lending and staking platforms, and the University of Floki are endeavors aimed at furnishing FLOKI holders with tangible utility.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 4.6K new posts about FLOKI, driven by 2.1K contributors, and total online engagement reached 1.7M social interactions. The sentiment score for FLOKI currently stands at 69%. Compared to all cryptocurrencies, post volume for FLOKI currently ranks at 176. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of FLOKI.
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Posts
4,571
Contributors
2,074
Interactions
1,723,481
Sentiment
69%
Volume rank
#176
X
Posts
3,246
Interactions
360,695
Sentiment
87%
FLOKI FAQ
How much is 1 FLOKI worth today?
Currently, one FLOKI is worth $0.000093040. For answers and insight into FLOKI's price action, you're in the right place. Explore the latest FLOKI charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as FLOKI, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as FLOKI have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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