Inspired by Tesla CEO Elon Musk’s Shiba Inu puppy Floki Inu (FLOKI), India’s most followed football club Kerala Blasters FC continues its marketing efforts by announcing a partnership with
#FLOKI PARTNERS WITH INDIA’S BIGGEST FOOTBALL CLUB
In what is a landmark deal symbolic of $FLOKI‘s vision to truly be a dominant cryptocurrency, we would like to announce a strategic partnership with India’s biggest football club, the Kerala Blasters FC. pic.twitter.com/s1MF8ZI6CL
— Floki Inu (@RealFlokiInu) November 19, 2021
As part of the partnership, Floki Inu’s logo and website will be featured on the right sleeve of players’ jerseys throughout the 2021-2022 season.
Kerela Blasters FC reached two million followers on Instagram in February, becoming the first Indian football club to reach such a milestone. Let’s also remind you that he has 1.8 million followers on Twitter.
Supporters of the Floki Inu cryptocurrency believe the deal could potentially help the memecoin go mainstream in India.
Floki Inu’s Marketing Gets Criticism
The ad was heavily criticized in the UK after Floki Inu, which competes with Shiba Inu and Dogecoin, placed its ads on underground trains and buses in London.
According to a report by the BBC, the Advertising Standards Authority (ASA) has begun investigating the aggressive marketing campaign.
In a statement, Floki Inu described the attack as “an obvious attempt at censorship”. Despite the backlash, Floki Inu also launched a promotional campaign in the Netherlands.
FLOKI is up 4.5% in the last 24 hours and has surpassed the bearish trend.
India On The Way To Ban Crypto Ads
Due to rising crypto prices, advertisements posted by cryptocurrency exchanges flooded India’s sporting events, which drew the ire of the government.
According to recent media reports, India is on track to ban “irresponsible” cryptocurrency ads that promise huge returns. Prime minister Narendra Modi He had recently warned that cryptocurrency could “disrupt” Indian youth.
India is also said to prohibit exchanges from asking for coins without government approval.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.