The development team of Meme coin Floki (FLOKI) has announced an interesting new token initiative. On the other hand, Floki enthusiasts have a lot to look forward to. According to the official statement from Floki’s development team, they are working on creating a brand new utility token as well as a staking mechanism for the FLOKI token.
Important moves for Meme coin
To obtain this yet-to-be-named token, enthusiasts will need to participate in staking activities using the FLOKI token. The Floki team chose not to hold a presale for the upcoming token. Instead, the majority of this token supply will only be available through staking the meme coin FLOKI.
SLOW SLOW, QUICK QUICK!$FLOKI! ⏳⏰🔥 https://t.co/HXrnSL3HqZ
— B (Da Viking) (@100bviking) October 18, 2023
One of the lead developers of meme coin Floki, identified as “B”, spoke about the exciting move. Accordingly, users will stake their FLOKI tokens for a period ranging from 3 months to 4 years. So they will have the opportunity to win this special token. It is expected that this approach will lock a significant amount of FLOKI tokens for a long period of time. As a result, this will not only significantly reduce the circulating supply of FLOKI. It will also increase the intrinsic value of the token.
Floki’s unforgettable journey
Floki made its debut during the meme token craze that broke out in 2021. During this period, meme coin FLOKI witnessed a surprising increase in value. Accordingly, it increased more than 100 times. However, he later relinquished a significant portion of these earnings. FLOKI can be accessed on both Ethereum and Binance Smart Chain platforms. It also serves as a vital payment method within the broader Floki ecosystem.
When we look at Kriptokoin.com, the meme coin became active after the announcement. While writing the article, FLOKI’s price has reached 0.00001904 dollars. Accordingly, there is a 6% increase in price.
A promising future awaits
Meme coin Floki’s strategic shift towards token staking and promoting its upcoming utility token is noteworthy. Accordingly, it certainly has interest from the crypto community. This exciting development will bolster the value of the token. It is also poised to potentially soar to new heights in the ever-evolving cryptocurrency world.
The decision to rely on staking as the primary means of accessing the new token is notable. The Meme coin showcases the Floki team’s innovative approach to creating scarcity and increasing the token’s demand. FLOKI enthusiasts are eagerly awaiting these important changes. On the other hand, it is clear that Floki’s journey is not over yet and the crypto world will be watching closely.
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