Buy FLOKI
What is FLOKI?
FLOKI is a meme-inspired cryptocurrency named after Elon Musk's Shiba Inu puppy. It is designed as a utility token within the Floki Ecosystem, aiming to integrate facets such as decentralised finance (DeFi), non-fungible tokens (NFTs), and gaming. The token is self-described as "the people's cryptocurrency" and targets both crypto enthusiasts and the general public with its multifunctional offerings.
How does FLOKI work?
FLOKI operates on both the Ethereum (ERC-20) and Binance Smart Chain (BEP-20), utilising the strengths of both blockchains. This dual-chain approach provides users with Ethereum's security and BSC's lower transaction costs. The coin supports various activities within the Floki Ecosystem, including its projects Valhalla (an NFT-based gaming metaverse) and FlokiFi (a DeFi platform), among others. Transaction fees include burning a percentage of the tokens, which helps manage the circulating supply and potentially supports token value.
What are the potential use cases for FLOKI?
FLOKI offers a range of use cases that extend beyond its initial status as a meme coin. Potential applications include:
- Gaming: Within Valhalla, FLOKI is used as in-game currency.
- DeFi: Supports decentralised financial services through FlokiFi, offering staking and yield farming opportunities.
- E-commerce: FLOKI tokens can be used in online marketplaces such as FlokiPlaces for trading NFTs and merchandise.
- Education: Through initiatives like Floki University, it aims to improve crypto literacy.
- Charity: Intends to fund educational projects like building schools in underdeveloped regions.
What is the history of FLOKI?
FLOKI was launched in June 2021, deriving inspiration from Elon Musk's pet tweet. Initially developed by anonymous creators, the project involved known crypto figures for continuation. It has evolved significantly, marking milestones like the partnership with Kimbal Musk's Million Gardens Movement, which focuses on food insecurity. FLOKI also implemented considerable token burns to manage supply inflation. Moreover, prominent developments like the launch of TokenFi in October 2023, a platform for asset tokenization, illustrate FLOKI's evolution into a comprehensive crypto ecosystem with a strong market presence. FLOKI has grown into a diversified ecosystem supported by an active community and strategic partnerships that enhance its real-world application.
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Frequently Asked Questions (FAQs)
What is the current price of FLOKI (FLOKI)?
The FLOKI price is $0.00028376 AUD, representing a +14.34% from the day prior.
Where is the best place to buy FLOKI (FLOKI) in Australia?
The best place to buy FLOKI (FLOKI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell FLOKI (FLOKI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of FLOKI (FLOKI)?
The trading volume of FLOKI (FLOKI) is $841.6M AUD in the last 24hrs, representing a +14.34% from the day prior.
How can I buy FLOKI (FLOKI)?
FLOKI (FLOKI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of FLOKI (FLOKI)?
The current market cap of FLOKI (FLOKI) is $2.8B AUD.
Can I convert FLOKI (FLOKI) to cash?
Yes - With Coinstash you can convert your FLOKI (FLOKI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many FLOKI (FLOKI) are there?
The current circulating supply of FLOKI (FLOKI) is 9.7T.
Is Coinstash a safe place to buy FLOKI (FLOKI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling FLOKI (FLOKI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.