When was FLOKI coin issued?

FLOKI coin was introduced on July 28, 2021, inspired by Elon Musk's canine companion and capturing popularity through its association with the highly influential entrepreneur.

Dec 02, 2024 at 02:40 am

FLOKI Coin: A Comprehensive Overview

Introduction:

FLOKI coin, inspired by Elon Musk's dog of the same name, emerged as a meme coin on the Binance Smart Chain in August 2021. Its rapid rise in popularity stems from its association with the SpaceX founder and his tweets about Dogecoin and other meme coins.

Issuance Date:

FLOKI coin was launched on July 28, 2021.

Key Features:

• Decentralization: Built on the Binance Smart Chain, FLOKI offers decentralized transactions and governance.
• Low Transaction Fees: The Binance Smart Chain enables low-cost transfers compared to other blockchain networks.
• Community-Driven: FLOKI fosters a strong community of supporters who participate in its development and governance.
• Charity Focus: A portion of FLOKI's transaction fees is donated to animal welfare charities.

Ecosystem and Applications:

FLOKI has expanded beyond its initial meme coin status and now comprises a multifaceted ecosystem, including:

• FlokiSwap (DEX): A decentralized exchange for swapping FLOKI and other cryptocurrencies.
• FlokiFi (DeFi): A decentralized finance platform offering various services such as staking and lending.
• FlokiPlaces (Marketplace): A marketplace for merchants to accept FLOKI payments.
• Floki University (Education): A platform for providing educational resources on cryptocurrencies and blockchain technology.
• Valhalla (NFT Launchpad): A platform for launching non-fungible tokens (NFTs) within the FLOKI ecosystem.

Partnerships and Collaborations:

FLOKI has forged partnerships with notable organizations to enhance its credibility and ecosystem, including:

• Binance: Listed on the world's largest cryptocurrency exchange.
• Trust Wallet: Integrated into the popular cryptocurrency wallet.
• CertiK: Audited FLOKI's smart contract for security and reliability.
• Audity: Further audit to ensure the project's legitimacy.
• UniLend: Collaboration for decentralized lending and borrowing services.

Community and Social Impact:

FLOKI's strong community and social initiatives contribute to its popularity:

• Active Social Media Presence: FLOKI has a large and engaged following on Twitter, Telegram, and other social media platforms.
• Charity Donations: A percentage of FLOKI's transaction fees is regularly donated to animal welfare charities.
• Community Events: The FLOKI team organizes online and offline events to connect with the community.
• Influencer Marketing: FLOKI has partnered with influential figures in the crypto industry to promote its project.

Tokenomics:

• Total Supply: 9.5 trillion FLOKI
• Circulating Supply: Approximately 5 trillion FLOKI
• Burn Mechanism: Regular token burns to reduce total supply.
• Community Fund: 5% of total supply allocated to the community treasury.
• Staking Rewards: Those who stake FLOKI receive periodic rewards.

Price History and Market Performance:

FLOKI's price has experienced significant volatility since its launch, influenced by market conditions, news, and community sentiment.

• Initial Launch: FLOKI debuted at $0.00003.
• All-Time High: In November 2021, FLOKI reached an all-time high of $0.00034.
• Recent Price: As of writing, FLOKI trades around $0.00005.