Ramazan Eles 
Meme coins gained significant popularity with the rise of DOGE. The astronomical surge of DOGE and the community it built led to the creation of many Dogecoin clones. Among these, Shiba Inu emerged as one of the most popular.
However, the Floki Inu cryptocurrency gained even greater attention and reached a multi-billion dollar valuation after Tesla and SpaceX CEO Elon Musk adopted a Shiba Inu dog and named it Floki.
In this article, we’ll cover everything you need to know about Floki Inu (FLOKI). Ready? Let’s dive in:
The Rise of DOGE Clones
In 2021, DOGE clone cryptocurrencies became one of the strangest yet most exciting trends in the crypto market. Inspired by the popular Shiba Inu dog, Dogecoin (DOGE) soared to astronomical heights, prompting other developers to create their own DOGE clone cryptocurrencies.
Although many of these projects failed, Shiba Inu (SHIB) became one of the leading cryptocurrencies, even surpassing DOGE in market cap and ranking among the top 10 cryptocurrencies.
However, about five months ago, a new cryptocurrency was developed with the goal of dethroning both SHIB and DOGE and becoming the most popular meme coin on the market: Floki Inu (FLOKI). Due to expectations that Floki Inu (FLOKI) would dominate the market just like Shiba Inu (SHIB), investors flocked to this new meme coin. As a result, FLOKI experienced a massive price surge in a short period, leading to significant volatility. In this guide, we’ll delve into everything you need to know about Floki Inu (FLOKI).
What is Floki Inu (FLOKI)?
Floki Inu has become one of the most popular DOGE clone coins in the cryptocurrency market. Inspired by Tesla CEO Elon Musk’s dog, Floki Inu was developed by anonymous members of the Shiba Inu community.
Floki Inu operates on both the Ethereum blockchain and the Binance Smart Chain (BSC). The project also has a large community known as the “Floki Vikings.” As we discussed in our article on the factors behind Shiba Inu’s rapid rise, the community behind Floki Inu could similarly drive the success of this popular meme coin.
The History of FLOKI
On June 25, 2021, Elon Musk tweeted that he would be adopting a Shiba Inu puppy and naming it Floki, leading to the creation of the Floki Inu cryptocurrency.
No one knew that Musk’s announcement would inspire the creation of a new meme coin based on his Shiba Inu dog.
The developers behind Floki Inu quickly capitalized on Musk’s influence on the price movements of meme coins and launched the token. By September 12, when Musk announced that his family had finally adopted the puppy, FLOKI was already trading in the crypto market.
According to FLOKI’s official website, it is “the ONLY crypto project officially partnered with the Million Gardens Movement, led by #DogeFather’s brother Kimbal Musk.” FLOKI aims to address food insecurity worldwide through this initiative.
In its early months, Floki Inu (FLOKI) experienced significant price appreciation. Initially, FLOKI traded at a fraction of a cent. However, in September, the meme coin reached all-time highs (ATH), increasing its price by over 250,000%.
Floki Inu has a total supply of 10 trillion FLOKI, with about 50% of this supply likely burned on Ethereum and Binance Smart Chain. As of November 15, 2021, FLOKI had a market cap of $2.1 billion.
What Makes FLOKI Different from DOGE and SHIB?
Despite being a relatively new crypto project, Floki Inu aims to become one of the top 10 crypto projects on the market by claiming to be the “DOGE and SHIB killer” and launching its own decentralized exchange, FlokiPlace.
As of the time of writing, FLOKI has over 230,000 investors and aims to combine its rapidly growing user base with its mission to revolutionize the crypto space.
FLOKI claims to focus on building a useful platform while organizing a tight-knit community of holders who are rewarded for staking their tokens.
The Floki Inu project is currently working on three main areas: an NFT-based metaverse game, an NFT marketplace, and an educational platform that aims to attract investors.
FLOKI’s Key Projects
Let’s take a closer look at the three main projects Floki Inu is working on:
NFT-Based Metaverse Game: Valhalla
Floki is designing a metaverse game known as Valhalla, which features a play-to-earn model, on-chain interactions, and upgradable NFTs.
This product is still in development and is expected to be released in 2022. When launched, the play-to-earn metaverse game will be powered by Floki Inu (FLOKI).
Valhalla has already caught the attention of NFT gaming enthusiasts and Floki holders.
NFT and Product Marketplace: FlokiPlace
Floki Inu claims to be developing a fully functional crypto trading platform that will allow users to buy, sell, and trade various products, collectibles, and NFTs using FLOKI as the native currency.
The digital marketplace is expected to be officially launched by the end of 2021.
Educational Platform: Floki Inuversity
The Floki Inu team aims to create a platform for investors and users who want to learn more about cryptocurrency.
They plan to transform Floki Inuversity into the largest crypto content database accessible online, where anyone can use FLOKI as a payment method.
The Floki team is actively participating in global marketing efforts with several strategically placed advertisements worldwide.
For instance, the project’s ads are already running on 300 London buses and in the London Underground, with the message: “Missed DOGE? Get $FLOKI.”
Where to Buy FLOKI
According to CoinGecko, Floki Inu is traded on leading centralized exchanges like Gate.io and MEXC Global, as well as decentralized exchanges like Uniswap and PancakeSwap.
Warning: There are several tokens with the same name and symbol as FLOKI. Always ensure you are purchasing the correct cryptocurrency by using the smart contract provided by trusted sources like CoinGecko and CoinMarketCap.