What is Floki? Complete set of cryptocurrency FLOKI

What is Floki?

Floki is a project created and owned by the community (fans and members of the Shiba Inu community). FLOKI is a Meme coin named after Elon Musk's Shiba Inu dog. The project is run on 2 main networks, Ethereum and BNB Chain.

The Floki ecosystem gives people control of their finances through four key utility services:

Metaverse NFT gaming called Valhalla
FlokiFi DeFi Ecosystem
Crypto education platform called Floki University
NFT Marketplace called FlokiPlaces

Floki Products and Revenue

Floki's products

Floki products/features are as follows:

The Valhalla: Metaverse Game NFT
FlokiFi
NFTs
FlokiPlaces
Floki Card (Floki Card)
Floki Unive

Floki Inu main products/features

1. The Valhalla (Metaverse NFT Game)

Floki Valhalla is an NFT Metaverse game with a play to earnmodel, FLOKI is used as the main token in it. The launch project aims to tap into the $1 trillion Metaverse industry.

The game features an online on-chain interaction and an upgradable NFT.

The interface of the game Valhalla

Valhalla offers unique features such as:

Gardening system
The character in the game is called Vera
Powerful combat system
Boat system in the form of NFT
Other items

These features will help players earn and collect tokens (FLOKI) through in-game quests. Participants can communicate, track progress and meet each other in the Valhalla space.

Valhalla's first release with Open World came out in Q4 of 2022. Users can participate in the experience playing on the Optimism Goerli Testnet.

2. FlokiFi

FlokiFi is a suite of decentralized financial products and will be launched under the Floki brand. The first utility product that will launch under the FlokiFi umbrella is the FlokiFi Locker protocol.

FlokiFi interface

FlokiFi Locker is a protocol with a solution for locking assets such as LP tokens, tokens, NFTs and multi-token. As of May 9, 2023, the project has reached more than 22,355,553 USD TVL with a total of 37 locked NFTs.

Besides, FlokiFi Locker also owns other features such as:

Lock NFT: This is a feature that helps users choose to lock multiple NFTs in just one transaction.
The product allows users to lock tokens for a long time.
FlokiFi Locker is the first token lock protocol implemented on the ERC-1155 standard, allowing users to store many different types of assets such as tokens, NFTs, etc. in the same smart contract.
FlokiFi Locker is compatible with EVM blockchains including: Ethereum, BNB Chain, Polygon, Fantom, Avalanche, Optimism, Arbitrum, EVMOS, Cronos, Kucoin Community Chain, OKXChain and Dogechain.

Features of Floki Locker

When users use it, they will have to pay transaction fees as follows:

Fixed fee to lock token: 50 USDT per transaction.
Fixed fee to lock NFT: 100 USDT per transaction.
Fixed fee to lock multi-token (ERC-1155): 100 USDT per transaction.
Fixed fee for token or multi-token allocation: 100 USDT per transaction.
Fixed fee for locking/allocating LP tokens: 0.5% of LP value

Fees of Floki Locker

When a user pays a transaction fee, FlokiFi Locker will use that fee to:

25% transaction fees will be bought and burned FLOKI tokens to reduce inflation.
The remaining 75% will be transferred to the Floki treasury.

3. NFTs

Floki has three NFT collections with the role of providing benefits to owners in the ecosystem in general and in Valhalla in particular. Users can be purchased on the Opensea NFT Marketplace.

Flokitars: A dog-themed collection created in September 2021, including 10,000 items with an average price of 0.056 ETH (equivalent to 103 USD)/NFT. Holders of Flokitars will have special benefits when joining Valhalla.
Diamond Hands (Genesis): Genesis Collection is divided into 4 levels: Ruby, Diamond, Silver, Bronze. Valhalla players can use Genesis NFT to power up their characters. They can gain the special power of "Flokimandu" by collecting the entire Genesis Collection. All Genesis NFTs have treasures and possess obvious attributes such as:

Attribute X: Longship in Valhalla‍
Y Attribute: Discount on items purchased at B's Shop in Valhalla‍ .‍
Z attribute: Secret trait

Gemstone:

Aurum Gemstone of Truth: There are no fees for owners to use products in the Floki ecosystem such as FlokiFi and Floki University.
Diamond Mind Gemstone: NFT holders will receive Aurum benefits and early access when the FLOKI (virtual debit card) card is release
Ruby Heart Gemstone: NFT holders will receive the benefits of Aurum, Diamond and the opportunity to airdrop a portion of FLOKI tokens in the future.

In addition, Genesis holders will also receive benefits from Gemstone:

Bronze Genesis will receive Aurum Gemstone benefits.
Silver Genesis will receive Diamond Mind Gemstone benefits.
Ruby and Diamond Genesis will receive Ruby Heart Gemstone benefits.

In addition, Floki also focuses on community value when launching the NFT collection of earthquakes in Türkiye. Holders of this NFT will enjoy the following privileges:

100% of the initial sales were donated to the 2023 earthquake relief that devastated Türkiye and surrounding countries.
NFT holders will receive exclusive rights in Valhalla.

4. Floki Places

FlokiPlaces is an NFT Marketplace created by the project so that anyone can trade NFT items quickly and cost-effectively. FLOKI will be the main currency of FlokiPlaces.

In addition, the project also develops Flokishop, a store that sells clothes for people and pets. These products are exclusively designed and printed with Floki's logo, which can be purchased through Binance Pay.

FlokiShop's interface

5. Floki Card (Floki Card)

Floki card is a card used to transact in the Floki ecosystem, powered by FCF Pay - a cryptocurrency payment gateway that supports multi-chain and various assets.

Floki Card can be integrated on Google Pay, Apple Pay and Samsung Pay. Limit balance is 5,000 USD, daily transaction limit is 2,500 USD and unlimited number of cards per user.

The card has a deposit fee of 3.75%, of which 1% is for buying and burning FLOKI tokens to reduce inflation. Fees for using FCF Pay to balance these prepaid virtual cards are:

Create a new card: 6 USD
Recharge balance: 3.75%
Monthly maintenance fee: 2 USD

Foreign exchange fees may apply if the purchase was made in a currency other than the card's native currency.

Floki card's inteface

6. Floki University (Floki University)

Floki University is an educational resource with crypto topics for users in Web3. The project has successfully beta tested with more than 300 students, including 20 lucky students who enjoyed a week of face-to-face learning in Floki's virtual classroom environment. The first release of Floki University is scheduled for release in 2023.

By becoming the leading crypto education platform, Floki University aims to strategically introduce the Floki ecosystem to billions of new crypto users in the coming years.

FLOKI token will be the main utility token of Floki University. While most of the content will be freely accessible, the FLOKI token will perform certain functions within Floki University.

Floki University's interface

Floki's revenue

Floki's revenue will come from transaction fees, buying and selling in the platform, including:

Platform trading fee: 0.3%
Fee of Floki Card product

Create a new card: 6 USD
Recharge balance: 3.75%
Monthly maintenance fee: 2 USD

FlokiFi Locker product fee

Fixed fee to lock token: 50 USDT per transaction.
Fixed fee to lock NFT: 100 USDT per transaction.
Fixed fee to lock multi-token (ERC-1155): 100 USDT per transaction.
Fixed fee for token or multi-token allocation: 100 USDT per transaction.
Fixed fee for locking/allocating LP tokens: 0.5% of LP value.

All proceeds will be transferred to the project coffers. This revenue is intended to develop the Floki ecosystem, advertising strategy and other activities in the future.

Highlights of Floki

Floki has built a full ecosystem of utilities and increased user experience. The project creates features and products that help users both experience and earn rewards (through Valhalla and Floki Locker).
In addition to the internal utilities, the project is also community-oriented: committed to building a virtual school for global development. The project has partnered with Pencils of Promise to implement this plan, and authorized them to build a school in Ghana, Guatemala, Laos and Nigeria.
Floki joined hands with the green campaign movement, Million Gardens Movement, to help millions of people have clean food for healthy eating. The purpose of this plan of Floki is to create a better health foundation for the community.
Launched the NFT collection geared towards the Turkey earthquake and all sales will be donated to relief.
Floki received community support and was subsequently listed on major exchange Binance.

What is FLOKI Token?

FLOKI Token Key Metric

Token Name: Floki
Ticker: FLOKI
Blockchain: Ethereum, BNB Chain
Token Contract:

Ethereum: 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e
BNB Chain: 0xfb5b838b6cfeedc2873ab27866079ac55363d37e

Token Type: Utility
Total Supply: 10,000,000,000,000 FLOKI
Circulating Supply: 9,784,042,938,788 FLOKI

FLOKI Token Use Cases

The FLOKI token has the following use cases:

Used as a utility to interact on the Floki ecosystem such as paying fees, playing games, etc.
Tokens act as a means of payment and settlement between participants in the platform.
The total supply of FLOKI will be burned when users use the product.

FLOKI Token Allocation

FLOKI is distributed according to the following ratio:

Buy back automation: 55%
Marketing for influencers: 27%
Reward for FLOKI holders: 18%

Token Release Schedule

Floki has not announced the token payment schedule yet.

FLOKI Token Sale

Floki held a community sale on Gate. Details of this sale are as follows:

Sale round: IEO - Gate.io
Token sale date: September 16, 2021
FLOKI selling price: 0.0000458 USD/FLOKI
Amount raised: 91,600 USD
Valuation: 458,000,000 USD
Total tokens for the round: 2,000,000,000 FLOKI

Where to buy FLOKI Coin?

Users can purchase FLOKI tokens through:

Centralized Exchanges (CEX) such as Binance, OKX, Bybit, Huobi, Gate.io, MEXC, LBANK and Poloniex.
Decentralized exchanges (DEX) like Pancakeswap, Uniswap.

Prestigious FLOKI Coin storage wallet

Users can store FLOKI tokens at any wallet that supports Ethereum and BNB Chain networks, some reputable wallets can be mentioned such as: Coin98 Super App, Metamask, Trust Wallet...

Roadmap & Floki update

The development roadmap of Floki is as follows:

State 1

Launching Shop Floki
Partnering with Binance Pay
Valhalla Website Upgrade
Notice about the Chinese whitepaper
China plan
Joining hands with Pyth Network
Upgrade FlokiFi Locker
DeFi lending & borrowing
Debut on OKC
Staking Phase 1

State 2

2nd staking phase
Redesign FlokiFi
Deploy Floki debit card

Stage 3

Launch of FlokiFi “Project TL”
Launch of Floki University

Stage 4

Valhalla mainnet
Deploying the Chinese version of Valhalla
Secret project

Project team
Floki does not disclose information about the project team, the information Coin98 recorded is the alias of some members.

Core Team: Brown Whale, B (The Viking), Saber, Jackie Xu, Lintern.

Investors & Partners
Investors and funding rounds
Floki does not disclose investor information and funding rounds, but only sells IEOs through Gate.

Partner
Floki's partners include:

FlokiFi: ApeSwap, BinStarter, Biswap, CherrySwap, Coinstats, Infinity Pad, Kommunitas, Multifarm, Quickswap, Radio Shack, Spookyswap, StealthEx, Trader Joe, Zelwin Finance,
Marketing: Alfa Romeo, Bayer 04 Leverkusen, Cádiz CF, FC Twente, Fenerbahce, Football Club Goa, Kerala Blasters FC, SSC Napoli.
Security: CertiK.
Others: Chainlink, ChangNOW, CryptoCart, Curate, Guarda, Guardarian, Huobi Wallet, NOWPayments, OpenLeverage, Pyth, Real Estate Empire Group, Shopping.io, Simplex, Tyson Fury, Wintermute.

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