FOR IMMEDIATE RELEASE
Miami, FL, June 21st, 2024, Chainwire.
FLOKI has solidified its position as a key player in the meme coin industry, moving beyond mere market trends. The success of FLOKI is attributed to its practical applications, strong presence, and loyal community support.
One of the driving forces behind FLOKI's rise to fame is the unwavering backing from its community. Notable figures like Elon Musk's parody account, boasting 207k followers, have commended FLOKI for its superior utility compared to other meme coins in the market. Crypto_Scofield, a renowned crypto analyst, has also praised FLOKI's swift progress, highlighting its leadership among major meme coins such as $PEPE, $WIF, and $BONK.
Social Media and Community Engagement
Data from LunarCrush, a social media analytics tool, reveals that FLOKI has experienced a 320% surge in social interactions and a 109% increase in social dominance over the past six months. Social Dominance measures the "share of voice" across various social media platforms, as per LunarCrush.
FLOKI has been actively pursuing new initiatives to enhance its ecosystem. Recently, the team rolled out a trading bot and secured major listings, including Kraken's decision to add FLOKI to its exchange listing roadmap within the last 24 hours.
FLOKI unveiled a Telegram-based trading bot tool that allows holders to trade any token on the BNB Chain network. The service is set to be publicly available in mid-June, with plans to expand to the Ethereum and Base blockchains. The bot, which requires FLOKI tokens for usage, aims to boost token demand through a fee structure that bolsters buying pressure. With a 1% fee on every transaction, 50% of the collected fees will be utilized to purchase FLOKI on the open market, further contributing to buying pressure.
In addition to this, FLOKI launched a decentralized domain name service on the BNB Chain mainnet, enabling users to create .FLOKI domain names to represent their on-chain identities.
Future Developments
FLOKI's roadmap indicates plans to offer digital banking accounts in partnership with a licensed fintech firm. Users will be able to link these accounts to FLOKI debit cards for seamless transactions in euros, US dollars, and other currencies.
Another major project in the works is the introduction of Valhalla, FLOKI's play-to-earn NFT gaming metaverse. Furthermore, the integration of FLOKIFi Locker Protocol into DEXTools, along with collaborations with Inverse Finance and Venus Protocol, enables users to stake their FLOKI tokens and use them as collateral for borrowing major cryptocurrencies like BTC and ETH.
Looking ahead, FLOKI's marketing endeavors are poised to have an even greater impact than before. As highlighted in a tweet by Sabre, Advisor, Creative Marketing Director at FLOKI, upcoming marketing partnerships are expected to surpass previous collaborations.
Sports Partnerships
FLOKI has ventured into sports partnerships, becoming the sleeve sponsor for Kerala Blasters FC, a prominent soccer team in India, and the shirt sponsor of The India Maharajas. This collaboration provides exposure for the FLOKI brand to over 700 million cricket fans worldwide.
FLOKI and its sister token, TokenFi, have also formed a strategic marketing alliance with two legendary cricket teams, the Manipal Tigers and the Bhilwara Kings. Additionally, FLOKI has partnered with Spanish soccer team Cádiz CF and featured prominently on the jerseys and LED displays of SSC Napoli, as well as at events hosted by World Table Tennis (WTT), reaching over half a billion tennis fans.
Marketing and Strategic Partnerships
FLOKI has launched several dynamic marketing campaigns to enhance adoption and awareness globally. The platform anticipates that forthcoming initiatives will surpass the impact of previous efforts.
In Nigeria, FLOKI announced a three-month campaign targeting the country's significant number of crypto users, including advertising on major news platforms, collaborating with 16 digital influencers to reach over 93 million individuals.
In Vietnam, FLOKI initiated a comprehensive campaign aimed at the crypto user base, utilizing extensive advertising and local events to engage the community and foster brand loyalty. Vietnam, ranked 15th in global population, boasts one of the highest rates of crypto adoption.
FLOKI has also made significant strides in Turkey, featuring prominently on television with commercials on popular channels to leverage the country's large and active crypto community. In the Middle East and North Africa (MENA) region, FLOKI's marketing initiatives include high-profile campaigns in countries like the UAE, where crypto adoption is rapidly increasing.
In the United States, FLOKI executed high-visibility billboard campaigns, notably in New York City's Times Square, alongside the Nasdaq billboard, capturing the attention of hundreds of thousands of passersby. Educational initiatives, such as regular AMA sessions, provide transparency and direct engagement with the community.
Financial and Ecosystem Milestones
The FlokiFi platform boasts a total value locked (TVL) of $110.56 million secured through 2,372 locks, supporting 16 different blockchains and locking 86 NFTs. Additionally, over 2.3 trillion FLOKI tokens, valued at $436.61 million, have been secured in the FLOKI staking program.
DWF Labs has pledged to purchase $12 million in FLOKI tokens, a combination of market acquisitions and tokens from the Floki treasury, demonstrating strong support for the project.
As of 2024, FLOKI has been among the top performers, witnessing a more than sixfold increase year-to-date. Approximately 86% of FLOKI holders are currently in profit, according to data from IntoTheBlock.
About Floki
Floki is a cryptocurrency and utility token at the core of the Floki Ecosystem, aiming to become the world's most recognized and utilized cryptocurrency. With a focus on utility, philanthropy, community, and marketing, Floki has garnered a strong brand recognized by billions of individuals worldwide through strategic marketing partnerships.
For more information, please visit:
Website: https://floki.com
Twitter: https://twitter.com/RealFlokiInu
Contact:
Pedro Vidal
Community Relations Officer
Floki
[email protected]
This press release serves as an informational piece. Readers are advised to conduct their own research before making any decisions related to the mentioned company or its services. Bitcoin.com bears no responsibility for any damage or loss resulting from the use of or reliance on the content, goods, or services discussed in this press release.