Floki Inu (FLOKI) is one of the newest cryptocurrency coins based on the “Doge meme” that has taken the internet by storm, especially with its enthusiastic community and social media attention.

Initially, in 2013, we had Dogecoin (DOGE), which was followed up by coins such as Shiba Inu (SHIB), which was released in 2020, all of which resembled a similar meme and were heavily inspired by the Shiba Inu dog.

That said, this latest addition has quite an interesting story behind it, so let’s dive in and show you everything you need to know.

What is Floki Inu (FLOKI) coin?

Floki Inu (FLOKI) is a “memecoin” that took heavy inspiration from Dogecoin and Shiba Inu, as well as the founder and CEO of Tesla Inc. Elon Musk.

Elon Musks’ Twitter handle is legendary within the cryptocurrency community that is enthusiastic about these Shiba Inu-themed coins.

A single tweet from Musk can sky-rocket any cryptocurrency coin in terms of value and shift the whole market.

This is the case for Floki Inu as well, as Musk named his new dog “Floki,” which took the dog-meme currency to new heights.

The Tweet was posted on October 4. However, the price of FLOKI had already spiked on October 3 as well.

The fascinating aspect about it is the fact that after the tweet, it reached its new and current all-time high value of $0.00007977.

That said, Floki Inu was launched on the Ethereum blockchain and is now present on the Binance Smart Chain (BSC) as well, which makes it a multi-chain coin.

Additionally, the online community that is connected with the FLOKI cryptocurrency and who regularly supports it go by the name of “Floki Vikings.”

With the goal of maintaining the price of the FLOKI coin, the liquidity of FLOKI is locked on the ETH and BSC contract for 265 years. There’s also a bridge between the two networks through which users can link their coins.

Who created Floki Inu (FLOKI) coin?

According to the website, the FLOKI is a meme coin that is birthed by Shiba Inu fans and members.

However, when we look at the official whitepaper of Floki Inu (FLOKI), we can see that the development team includes Jackie Xu, MrBrown Whale, Sabre, Byte Capital, and BPeta.

Floki Inu (FLOKI) has also conducted partnerships with companies with the goal of providing utility to the holders of FLOKI. EPay, for example, is a platform that is utilized in order to let FLOKI holders make purchases from FlokiPlaces, the Floki Online Marketplace.

The team behind FLOKI is currently working on three other projects, including an NFT gaming metaverse known as Valhalla, an NFT and merchandise marketplace known as FlokiPlaces, and a content and educational platform known as the Floki University.

When was Floki Inu (FLOKI) coin launched?

Floki Inu initially launched at 1 A.M. UTC on July 8, 2021. Users have airdropped their V3 Floki coins immediately following its initial launch, in batches of 250.

The Binance Smart Chain bridge occurred on Wednesday, July 21, 2021. Floki Inu brought BSC to the Floki Inu ecosystem through the creation of a liquidity pool on PancakeSwap, while ensuring that the total circulating supply across both the ETH and BSC chains never exceeded 10T coins.

What is the current price?

According to data from Gate.io, Floki Inu (FLOKI), at the time of writing on October 14, 2021, has a value of $0.0000733562.

Where can I buy Floki Inu (FLOKI) coin?

There is a limited selection of cryptocurrency brokerages and exchanges out there that currently support the Floki Inu (FLOKI) coin.

However, an option that you have that fully supports the coin is the Gate.io exchange. Gate.io was founded in 2017 and allows you to easily exchange hundreds of cryptocurrency coins with leverage and ETFs. You also get access to copy trading features, as well as other quantitative strategies.

How to buy Floki Inu (FLOKI) coin?

To buy Floki Inu (FLOKI), you need to follow a few simple steps.

  1. Create an Account on Gate.io

To do this, simply click on the “Sign Up” button located on the top right corner of the screen if you are using a desktop device, or find it on mobile and tap on it.

You will be prompted to enter your username, email, and password. Finally, certify that you are 18 years of age or older and agree to the user agreement and privacy policy. You will also need to enter a fund password, which you need to memorize and use for withdrawals. Click on “Create Account,” and you will be prepared.

  1. Fund Your Account

Open up the Gate.io website or mobile application and log into your account. Click on “Wallet” followed by “Deposit.”

Select the currency that you would like to deposit.

To complete the deposit, you can either scan the QR code for the address or just copy the address and paste it on the platform wallet that you plan to transfer the funds to.

If you do not already have cryptocurrencies, you can just click on “Buy Crypto” instead, and click on “Credit Card,” “Bank Transfer,” or “P2P Trade”.

  1. Buy Floki Inu (FLOKI)

Once your account has been created and filled with the type of currency you are interested in using, all you have to do is search up for the FLOKI cryptocurrency and purchase it or trade it.

On Gate.io, you have the FLOKI/USDT cryptocurrency trading pair currently available.

What wallet do I need to hold Floki Inu (FLOKI) coin?

You need a cryptocurrency wallet that supports the Floki Inu (FLOKI) coin. Given the fact that FLOKI is both an Ethereum-based coin as well as a Binance Smart Chain-supported coin, you can pick a wallet that supports the coin type.

In other words, you are looking for a wallet that supports ERC-20 coins or BEP-20 coins.

MetaMask is a cryptocurrency wallet that fully supports the Floki Inu (FLOKI) coin.

Tobias Matthews

Tobias Matthews

Contributor


Writer at Fourth Source.