In today’s article, you learn the ins and outs of the FLOKI crypto project and its native token. We’ll start with the basics and then dive into Floki Inu’s specifics. In doing so, you’ll learn that there’s actually a lot more to this meme coin than most would expect. We’ll also take a closer look at the FLOKI crypto token, including its tokenomics, distribution, and more. However, if you are mainly interested in trading this meme coin, the part where we focus on the $FLOKI price and TA will benefit you the most!
In addition, we’ll explain how you can use the power of Moralis Money to determine if and when to buy FLOKI. After all, this ultimate crypto breakout scanner and altcoin explorer offers invaluable real-time, on-chain insights that can help you make money with alts. Last but not least, you’ll also find out where and how to buy the FLOKI crypto.
What is Floki Crypto?
The Floki crypto is a meme coin project that launched back in 2021 under the official name Floki Inu. However, since then, the project has evolved and expanded into quite an impressive and extensive ecosystem.
At the core of the project is the FLOKI token – an ERC-20 cryptocurrency. It was originally just another meme coin but has now evolved into the utility token of the Floki ecosystems. The project’s official website defines $FLOKI as “the people’s cryptocurrency.”
FLOKI’s Path from a Meme Coin to a Utility Token
On the above-outlined website, the Floki crypto project offers the “From Meme to Dream” timeline, which clearly shows the evolution of the project and its native token. These are the outstanding milestones:
- The journey started on June 25, 2021, with Elon Musk’s tweet, which said, “My Shiba Inu will be named Floki.” This tweet sparked the idea of creating a meme coin called FLOKI.
- On July 6, 2021, Floki’s core team from the community stepped forward, which is now known as “The Relaunch.”
- The token was originally minted on the Ethereum chain; however, on July 20, 2021, it bridged over to BNB Smart Chain. This expansion turned the Floki project into a multi-chain meme coin.
- On July 30, 2021, Floki joined forces with Cryptocart. Thus, Floki holders were able to start spending their $FLOKI at more than 1,700 stores, including Apple, Google, Playstation, and Amazon.
- Less than a month later, on August 26, 2021, Floki Inu made its first charitable move. It partnered with Kimbal Musk’s charity Million Gardens to fight food insecurity.
- On September 2, 2021, the project revealed Floki’s flagship utility – Valhalla.
- Next came a series of marketing campaigns. From a billboard in Times Square, a banner of a double-decker bus in London, an ad blitz in Madrid and Barcelona, ad campaigns in Dubai and Istanbul, and various partnerships with many football (soccer) clubs, for example.
- From early November 2021, $FLOKI holders had a chance to spend FLOKI crypto via “shopping.io.”
- On January 23, 2022, the Floki DAO was born via what was known as “The Nottingham Upgrade.”
Following The Nottingham Upgrade, Floki continued its marketing, development, and charitable efforts under the DAO’s command. As a result, Floki Inu expanded Valhalla, started building schools in Africa, ran more marketing campaigns, got listed on Binance, and more.
Floki Crypto’s 2023 Roadmap
The above image indicates Floki Inu’s roadmap for 2023. Keep in mind that the image was posted on February 21, 2023, so since then, the Floki DAO has completed many other milestones.
The point here is not to dive into the projects outlined in the roadmap; instead, we want to indicate that Floki is pretty active. Plus, it is not a typical meme coin where trolling and memes are at the forefront. In fact, it is quite obvious that FLOKI outgrew its purely memetic beginnings.
However, whenever Elon Musk posts a picture of his Floki, the community still goes wild:
Floki’s Three Pillars and Ecosystem
The Floki crypto project has clearly defined core values, which are known as Floki’s “Three Pillars.” They are community, utility, and charity. You can read more about these values on the project’s official website.
The Floki ecosystem is a clear expression of the project’s “utility” value and currently entails:
- Valhalla – Floki’s play-to-earn (P2E) NFT game.
- FlokiFi – A suite of decentralized finance products (e.g., FlokiFi Locker) that will be launching under the Floki brand.
- Floki NFT collections.
- FlokiPlaces – Floki’s NFT and merchandise marketplace.
- Floki Prepaid Cards – What started as virtual prepaid debit cards (Visa/Mastercard), is planned to evolve into physical cards.
- University of Floki – Floki’s crypto education platform.
Floki Core Team and Community
The Floki DAO is responsible for the project’s governance. However, there are still five Floki members that represent the project’s core team. Here are their internet names and roles:
- Sabre – core contributor
- Lintern – community manager
- B (The Viking) – core contributor
- Jackie Xu – lead developer
- Mr. Brown Whale – core contributor
Floki Inu has a vibrant and strong community known as “Floki Vikings.” Everyone is free to join via Floki’s various channels. And, to officially earn the “Floki Viking” title, one just needs to hold some $FLOKI. These are the project’s main outlets you can use to interact with fellow Floki Vikings:
The FLOKI Crypto Coin
The FLOKI coin is Floki Inu’s native cryptocurrency. As explained above, at the time of launch in June 2021, this meme coin was what the project was all about. However, fast-forward to 2023, $FLOKI serves as the utility token for the Floki ecosystem.
Use Cases
At the time of writing, the main use cases for the FLOKI coin include:
- Valhalla – An NFT game with novel blockchain mechanics and a play-to-earn (P2E) economy, powered by the FLOKI token.
- FlokiFi – For now, the FlokiFi Locker protocol serves as a digital asset locker solution that allows users to lock and vest fungible tokens (ERC-20/BEP-20 tokens like FLOKI), liquidity pool (LP) tokens, NFTs, and multi tokens. 25% of transaction fees automatically buys FLOKI tokens that the protocol uses and burns for each lock.
- Floki University – The FLOKI token will be required to perform certain functions in Floki University.
- FlokiPlaces – The FLOKI coin is the main currency of the FlokiPlaces marketplace.
For more details regarding FLOKI’s utility and operations, visit the project’s whitepaper:
Tokenomics
Here’s an overview of the FLOKI crypto’s tokenomics:
- Token name: FLOKI
- Symbol/ticker: FLOKI or $FLOKI
- Token type:
- ERC-20 (Ethereum)
- BEP-20 (BNB Smart Chain)
- Smart contract address:
- 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e (Ethereum)
- 0xfb5b838b6cfeedc2873ab27866079ac55363d37e (BNB Smart Chain)
- Total supply: 10,000,000,000,000 $FLOKI
- Buy/sell tax: 0.3%
Floki Inu Price
The above image shows $FLOKI’s complete price history, which we’ll cover herein. However, before we do so, make sure to note that cryptocurrency prices change fast. Thus, it’s important to check live prices. Fortunately, there are many places you can do so; however, Moralis Money is the best place as it also offers real-time, on-chain metrics. So, if you wish to find the live price of Floki Inu, use the Moralis Money’s page for that token. You can find the link to that page below.
Shifting our attention back to the FLOKI coin price action, you can see that the asset started to trade at $0.0000014. It took some time for the coin to catch traction; however, as the rest of the crypto market rallied, Floki’s marketing efforts paid off. In early November 2021, $FLOKI set its all-time high (ATH) at $0.0003437. That was a 200x-plus increase from the asset’s listing price!
At the time, the token was a classic meme coin, and, as such, it dumped quite fast following its ATH. However, the entire crypto market turned around and brought down many leading cryptos as well. The bear market brought the price of $FLOKI into the $0.000005-ish region in the summer of 2022.
During the following months, the token’s price reached the $0.000019 level on some occasions but never managed to break above that region. However, as the rest of the crypto market started to show some bullish signs in January 2023, the FLOKI token finally broke the aforementioned barrier. The price went noticeably higher until it was stopped at the previous level of significance at $0.000055-ish.
From that rejection, $FLOKI went all the down to $0.000015-ish by the end of September 2023.
Uptober 2023
Using the Moralis Money price chart section for FLOKI, we can explore the asset’s chart further. By switching to the daily timeframe, you can see the above-described early 2023 rally, followed by a retrace to the $0.000015-ish region.
You can also see that on September 30, 2023, FLOKI started to move upwards. It was initially rejected by the $0.000019 resistance we mentioned earlier; however, it eventually managed to break above that level. Moreover, as BTC moved up, it further spurred FLOKI to smash through several other resistance levels for a total 150%-plus increase from its September lows.
As you can see in the above chart, the FLOKI crypto got rejected by the $0.000041-ish level. From there, the asset pulled back to the $0.000036-ish levels, where it was trading at the time of writing.
This “Uptober” rally shows that FLOKI is quite strong and a serious contender for some high returns in the upcoming bull market. As such, we can expect FLOKI’s new ATH with a rather high probability if the bull market continues. From current levels, that would be another 800%-plus increase.
Of course, it wouldn’t be quite realistic to expect FLOKI to reach those heights in a straight line. After all, it has some significant resistance levels on its way. Aside from the blue lines above the current price marked on the above daily chart, these are the levels where rejections are to be expected:
- $0.000055 – $0.000057
- $0.000062-ish
- $0.000077-ish
- $0.00010-ish
- $0.00012-ish
- $0.00014-ish
- $0.00017-ish
- $0.00020-ish
- $0.00023-ish
- $0.00026-ish
However, if FLOKI were to follow in the footsteps of $SHIB and $DOGE, it could go significantly higher.
Should You Buy $FLOKI?
Since we are not financial advisors, we cannot answer the above question. However, using the information from the above sections, you should be able to determine whether or not you find $FLOKI interesting.
If not, you ought to move on to other altcoin opportunities using the best crypto insights. For instance, you can focus on crypto under a penny. Or maybe you like taking higher risks that PulseChain projects offer. In that case, you ought to use the best PRC-20 token scanner. In either case, you’ll want to master running Token Explorer crypto trading strategies.
On the other hand, if you believe that FLOKI deserves your further attention, you ought to conduct further research. This is where the Moralis Money $FLOKI token page enters the scene.
We’ve already mentioned above how this page allows you to explore the FLOKI coin’s real-time price. However, there’s a lot more you can do on this page. Essentially, it is the go-to place to properly DYOR.
So, make sure to follow the above “$FLOKI” link or use the interactive widget below to decide if you should buy FLOKI:
Where to Buy Floki Crypto?
If you decide you wish to get a bag of $FLOKI, you have several options. Just use the “Market” section on CoinGecko or CoinMarketCap page for that token. There, you’ll find a list of all CEXs and DEXs that offer the relevant training pair, including the trading volume. As such, you can easily pick a market that best suits your goals.
What is Floki Inu – Exploring the FLOKI Crypto & Its Price – Key Takeaways
- Floki entered the crypto scene as a pure meme coin back in the summer of 2021.
- The project’s core team stepped up and started to push the envelope further by envisioning more tangible use cases for the FLOKI crypto.
- FLOKI had a proper run in the 2021 bull run, following a series of marketing campaigns and partnerships.
- Today, Floki Inu is a lot more than just a meme coin – it is an extensive ecosystem that includes DeFi and GameFi features.
- Following its local low in September 2023, the FLOKI coin pulled off a 150%-rally in October.
- To view FLOKI’s real-time price and to determine if/when to buy it, visit Moralis Money’s $FLOKI token page.
Whether you end up buying FLOKI or not, make sure to expand your altcoin horizons by considering other opportunities. After all, there are thousands of altcoins to choose from across multiple chains (e.g., Ethereum, BNB Smart Chain, Polygon, Arbitrum, etc.). And, by using Moralis Money’s core feature – Token Explorer, you’ll be able to spot the next coin to blow up.
The great thing about this ultimate on-chain analysis tool is that you can use it for free. However, if you are serious about your altcoin investments, you’ll want to lock in the Starter or Pro plan.
