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FLOKI

FLOKI Performance

Live floki Price

₹ 0.02101

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4.83%

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₹ 0.00101478

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4.83%

24h Low

₹ 0.02026

24h High

₹ 0.02298

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What is Floki (FLOKI)?

Floki (FLOKI) is a popular meme coin that was inspired by meme coin enthusiast Elon Musk’s Shiba Inu dog, Floki. It started as a meme coin but has evolved into a broader ecosystem offering decentralized finance (DeFi) services, NFT gaming through its Valhalla project, and an educational platform.

Who founded Floki (FLOKI)?

Floki (FLOKI) was founded in 2021 by a group of anonymous developers. To this day, the identities of the founders remain unknown. However, the team is actively involved in running the Floki ecosystem.

Primary features of Floki (FLOKI)

• Versatility: The FLOKI ecosystem is not just focused on offering meme coins, but is active in several other areas of Web3 including DeFi, NFT, and metaverse. 

• Community-driven: Like other meme coins, Floki has a strong community backing and the ecosystem focuses on community involvement.

• Valhalla: One of the notable projects of the Floki ecosystem is the metaverse game “Valhalla”, which is a Play-to-Earn gaming model.

• Cross-chain availability: FLOKI is available on both Binance Smart Chain (BSC) and Ethereum, making it compliant with ERC-20 and BEP-20 standards.

Is FLOKI a promising cryptocurrency?

FLOKI is the native token of the Floki ecosystem. It falls under the meme coin category, drawing inspiration from its predecessors like Shiba Inu and Dogecoin. As of August 2024, the token is trading at $0.000128 and is ranked #54 as per CoinMarketCap rating. It has a circulation supply of 9.57T FLOKI tokens, with a market cap of $1.23B. FLOKI has a lot of potential amid all the craze for meme coins and investor interest in this niche segment. Analysts expect the token to trade between $0.0016 and $0.0019 by 2030.  

Download the CoinSwitch app to invest in FLOKI.

How do I use FLOKI?

• FLOKI token is used as an in-game currency in the P2E game, Valhalla. Players can use it to buy in-game assets.

• The token is also used to reward players based on participation and they are given full ownership.

• Crypto traders can buy and hold the FLOKI token from a crypto exchange and benefit from price changes. 

• Users can stake their FLOKI tokens through FlokiFi and earn extra rewards by locking up their tokens.

Pros & Cons of Floki (FLOKI)

Pros

• One of the prominent features of Floki is that FLOKI is a multi-chain token that can be used on Ethereum as well as Binance Smart Chain (BSC).

• The Floki ecosystem evolved from a mere meme coin to a full-fledged ecosystem, with several other features in the pipeline which might eventually increase the value of FLOKI.

• The Floki ecosystem encompasses not just the meme coin segment. It focuses on sectors including DeFi, NFT gaming, metaverse, and blockchain learning.

Cons

• It has a very high circulating supply, making the price of each FLOKI token low.

• Despite its vast utility within the Floki ecosystem, the token is yet to be adopted by other DeFi platforms.

How to trade in Floki (FLOKI) on CoinSwitch?

• To trade in Floki (FLOKI) on CoinSwitch, download the CoinSwitch app. 

• You can buy FLOKI for just ₹100.

• Cryptos like FLOKI can be traded on CoinSwitch seamlessly with just a marginal trading fee.

Floki (FLOKI) ICO summary

Floki (FLOKI) was launched in 2021 by a group of developers whose identity remains unknown. The project started as a mere meme coin inspired by Elon Musk’s dog which was named ‘Floki.’ While not much is known about Floki’s Initial Coin Offering (ICO), Floki has partnered with the Million Gardens Movement, started by Elon Musk’s brother, Kimbal Musk. 

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FAQ's on FLOKI

1. Is Floki coin secure?

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Floki Inu is considered relatively secure, especially since it can be safely stored and has a fairly secure network. However, as with any cryptocurrency, it comes with risks, particularly due to its status as a meme coin and its high volatility. Investors should carefully weigh the benefits and drawbacks before investing in Floki Inu. It is one of the riskier investments, so it is essential to proceed with caution and only invest what you can afford to lose.

2. How fast are Floki coin transaction?

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The speed of Floki coin transactions can vary depending on the blockchain network it is operating on, as Floki is a multi-chain token available on both the Ethereum and Binance Smart Chain (BSC) networks. Generally, transactions on the Binance Smart Chain are faster, typically completing within a few seconds, while Ethereum transactions can take longer, depending on the network congestion.

3. Has Floki coin price undergone market correction?

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Yes, the price of the Floki coin has undergone market corrections. Recent reports highlight that the price actions of Floki reflect the broader market corrections and volatility within the cryptocurrency market. Although the coin has seen significant growth, including recent rallies, these movements have not always been supported by actual demand, which has led to corrections in its price.

4. When was Floki coin launched?

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Floki coin was launched in June 2021. The concept of the coin originated from a tweet by Elon Musk, where he mentioned that his Shiba Inu dog would be named Floki, which inspired the creation of the cryptocurrency.

Highlight

Floki is a meme coin inspired by Elon Musk’s dog. It has evolved into a prominent meme coin, earning it the moniker “The People’s Crypto.” It is powered by FLOKI, the ecosystem’s native token which is both ERC-20 and BEP-20 compliant.

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Floki Price Statistics

FLOKI Price Today

FLOKI Price

₹0.02101

Price Change 24h

percent_change_icon

4.83%

Price Change 7d

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7.44%

Market Rank

#62

Market Cap

₹18,385 Cr.

Trade Vol 24h

₹10,036 Cr

Circulating Supply

₹9,59,834 Cr. FLOKI

Trading Activity

87% Buy13% Sell

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CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

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