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floki inu ($floki)
  • Crypto

What is Floki Inu ($FLOKI): How It Began and The Project’s Story

  • October 15, 2021
  • Princess Ventures
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Floki Inu ($FLOKI) is a dog with a hero’s “tail” who, with the assistance of his army, will prevail at all costs.

It is the latest cryptocurrency created by Shiba Inu community members.

Elon Musk’s Shiba Inu, Floki Inu is hungry for outer-space triumph!

🐕 How Floki Inu ($FLOKI) Began

An engrossing narrative, a villain, and a hero who saves the day support each legend.

Twists and turns fill the story of Floki Inu.

It all began when Elon Musk, a.k.a. DogeFather, posts “My Shiba Inu will be named Floki,” sparking the birth of the Floki Inu tale.

The narrative and ensuing meme swiftly grew in popularity. There are over 20,000 followers flocking to the Floki Twitter page with the goal of joining Elon and Floki to the moon.

Floki V1 was born shortly thereafter and Uniswap quickly lists it.

Within days, the Floki Vikings rallied, and the price had increased by more than 100x.

😈 The Villain of $FLOKI

However, the tale took a turn for the worst.

It was when the developer’s intentions did not line with the community’s goals.

The goal was to build the most decentralized, fairly run, and enjoyable community project in the honor of Elon Musk’s favorite canine, Floki.

In reverse Robin Hood fashion, the creator was taxing holders 20% on transfers in order to siphon their earnings into his own wallet. He was holding them for ransom, and the supply was rapidly expanding.

The Floki Vikings were tenacious and united. It was putting more pressure on the developer to spend these funds for the greater welfare of the community, but he opted to go rogue instead.

The community was therefore left with Floki V1’s damaged body, broken metrics, and no leader in sight.

However, they recognized that more could be done, that there was no defeating them, that they would never surrender, and thus the whole story began…

✊ $FLOKI Community Takeover with New Beginning

Saving the project was their main motivation.

Within hours of the initial developer’s departure, they made a significantly larger community-driven team. A replacement developer was recruited, and a plan to reroute Floki to the moon was established!

Floki V2 is for benefiting the community of holders directly. It is also for expanding the effort globally, and generating global media attention, all while preserving high security.

In contrast to Floki V1, which was unsustainable and largely used to fund the developers’ criminal activities, Floki V2 will include the following features:

  • Automatic buybacks and burns (6 percent)
  • Holders’ perspectives (2 percent)
  • A little levy completely transparent multisig wallet (3 percent).

This means that not only do you receive more tokens as you HOLD, but the scarce of the tokens you HOLD also grows daily as a result of hyper deflation dynamics.

Furthermore, buy pressure is increasing as a result of automated buy-backs and burns.

The multisig wallet that manages the marketing funds guarantees that no single party has ever control.

This guarantees that all funds are only for the benefit of the community as a whole and to spread the word about Floki!

Related Article: Shib Falls 20% When Elon Musk Says He Owns None
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Princess Ventures

Princess is a freelance technical, finance, and blockchain writer, blogger, and founder of FinanceOutpost.com. Ultimately, she wants to help individuals create their own freelance businesses, learn blockchain, and become financially independent.

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