Introduction to meme coins
Meme coins are a strange, fast-paced, and risky world; Floki is no different and follows the tradition.
During the bull run of 2021, these cryptocurrencies with no intrinsic value became absolutely viral. Once the fad passed, there were comebacks from time to time, such as Pepe in 2023 and the industry explosion on Solana in 2024.
Anything could be found, but the most successful theme remained that related to Shiba Inu, the dog breed that is the progenitor of the Dogecoin category. We got to the point where a token debuted with the very name of this type of dog: Shiba Inu, we know it well.
Floki joins the queue and can boast great success, even ended up sponsoring sports teams such as Napoli, Bayer 04 Leverkusen and Alfa Romeo F1.
In this in-depth feature we will go into more about its history, ecosystem and tokenomics. After that, the more daring will find some pointers on where to buy it.
Floki: what is it?
Floki crypto is a meme coin whose story starts in June 2021, when Elon Musk announced his intention to name his own Shiba Inu puppy Floki.
The mix was totally explosive: on the one hand, the richest man in the world, known for his passion towards DOGE; on the other, his dog, precisely of the meme world’s favorite breed. So it seemed inevitable to see the launch of a token named Floki Inu, and so it was.
Initially, the crypto was called precisely Floki Inu. However, following developments that were less geared toward the meme coin world, the team decided to drop the word “Inu.”
The idea behind the project is still evolving today and is portrayed as a movement. Among the potential applications under consideration is the idea of creating an actual themed blockchain.
Floki is based on three pillars: community, utility and charitable initiatives.
The first point is in line with the typical memecoin, where people are the real force behind the project.
Floki also wants to play an active role in helping individuals approach the cryptocurrency landscape . In this sense, of note is the existence of Floki University, a virtual place to learn the concepts revolving around the blockchain and crypto world.
Moving on to utility, there is certainly no shortage of inventiveness.
We start with the Valhalla metaverse, a game in which it is possible to earn NFTs. Just on these, we also point out the existence of a collection of Non-Fungible Tokens, as well as the marketplace FlokiPlaces (a kind of themed OpenSea ).
Fans of decentralized finance will not be disappointed: in fact, FlokiFi, the protocol in which to lock cryptocurrencies and NFTs, awaits them.
Finally, yes, there is also a Visa or Mastercard prepaid card, also compatible with Apple Pay and Google Pay. I can already imagine how proudly I could wave it while paying the bill at the restaurant!
Third pillar, charity. Floki aims to set up schools on every continent, starting with backward or developing countries.
We have no particular information about the team, which has so far remained anonymous as is often the case in the meme scene. However, given also the existing or past collaborations, Floki should not raise many security-side concerns.
What happened to Floki? After a roaring debut, the token lost so much value and navigated the bear market with much difficulty. But, as we know, meme coins feed off the hype and can make a lot of money in a matter of hours, as evidenced by the big rises that occurred in 2024. The show goes on!
Floki tokenomics
Glance at tokenomics, absolutely typical of a memecoin.
Total supply is limitless. Floki exists natively on two blockchains: Ethereum and BNB Smart Chain.
Theatomic swap bridge between the two networks allows Floki to be traded in perfect parity, thus ensuring price stability. The token has a transaction fee of 0.3 percent, which is not charged when trading on the bridge.
The treasury is hosted in a 3-signature multisig wallet. This should increase security even if one or two team members become malicious.
"Limitless supply, like a true meme coin!"
Floki price
Floki’s value is well under a dollar, in the range of 0.0000 … at the time of writing.
If you’re wondering, no, the token will probably never hit 1 USD as many hope. This is because the implications due to market cap take over, which are impossible to ignore.
Supply gives a certain sense of wealth, because we can buy millions with small amounts. After that we start dreaming of the penny, the ten or even the dollar. Let’s get our feet back on the ground: this will not be possible.
FLOKI/USDT chart by TradingView: subscribe with our discount!
Where to buy Floki Inu?
Given its notoriety, Floki coin (as it is sometimes misnamed, because it is a token) is available on several CEX and DEX.
In the first category we find, with attached links to sign up (check if you can do it in your country):
- Binance: immediately for you 20% off fees and $100 rebate. Check out our Binance tutorial;
- Coinbase: the only exchange listed on Nasdaq. Find our tutorial on Coinbase here ;
- Bitget: up to $8,000 in benefits. Below is our Bitget review;
- Bybit: up to USDT 30,000 bonus for new users. Check out our Bybit tutorial.
Floki is then present on a multitude of DEX, including Uniswap and PancakeSwap.
We recommend being careful trading memecoins such as Floki crypto-the volatility can be extreme and the risks are no small matter. Since they are not structured realities like the major coins, holding this type of asset is tantamount to gambling. To learn more about meme coins, here is a video of ours…. enjoy your viewing!
