Floki cryptocurrency is named after Elon Musk’s Shiba Inu puppy. Apart from its unique moniker and Elon Musk’s association with it, Floki crypto offers an exciting world to investors, traders, and gamers.
There’s a whole gaming world built around the tech billionaire’s pup. You’d be surprised at how many people are playing this game.
It’s called Valhalla, like the Viking Saga, and isn’t it a delightful coincidence that the in-game location is Floki Island?
The summary of the gameplay is that you advance to higher levels and earn by defeating enemies and expanding your inventory. This is pretty much like the typical non-blockchain game.
However, there is a world of differences between the two.
It’s becoming glaring that NFTs are dominating the crypto world, even though they had nothing more than back seats a few years ago.
Now, it’s possible to build entire games off NFTs, increasing the demand for these digital assets.
That’s what Valhalla capitalizes on.
The platform allows you to create your avatar, an NFT, before the game begins. You must own some Floki coins to pay for your character.
In the game, you interact with creatures called Vera.
Vera live on Floki Island, an island they overran and deprived you and other indigenes of.
Luckily, there are many things a Vera can help out with, including earning you cool cash while you play games. This is called Play-to-Earn.
Blockchain-based games are notorious for using NFT skins, and Floki’s Valhalla takes things one step further.
It offers upgradeable NFT characters!
The upgrade happens with each level you conquer. And you already know it – the value of the NFT skin also increases with time.
So, you can raid the Island of Floki, gather Vera, and add them to your inventory.
Spectators say Valhalla can connect its gaming system to other metaverse games, creating the ultimate gaming universe. In other words, Valhalla and the Floki cryptocurrency may pave the way for cross-chain gaming.
Enough about the Valhalla game, and let’s dive into the Floki ecosystem, starting with Floki Cryptocurrency.
Floki cryptocurrency is the digital currency that runs the affairs of the ecosystem.
It is built on the Ethereum blockchain and allows peer-to-peer transactions without intermediaries like banks or financial institutions.
Some notable names behind the project include BPeta, Jackie Xu, MrBrown Whale, Byte Capital, and Sabre.
The team launched the cryptocurrency in September 2021 and it caught the attention of many tech enthusiasts almost immediately.
The project has a dedicated following of supporters who believe in its potential as a fast, secure, and user-friendly digital currency.
This community has helped to drive the currency’s adoption and raise its profile in the crypto community.
They’re called Floki Vikings, and they are very active.
There are many things you can do with the coin, according to claims found on the asset’s website.
For instance, it is the first-ever dog-themed meme cryptocurrency you can spend in the real world.
That being said, what are the features of Floki Cryptocurrency?
The most important one is that Floki cryptocurrency is decentralized.
No central authority like a government or bank controls the ecosystem. Instead, transactions appear on the public ledger called the blockchain.
This means a network of computers or nodes worldwide maintains the network.
Floki cryptocurrency is also renowned for its security.
The cryptocurrency is built on the Ethereum blockchain, and the Ethereum blockchain is one of the most secure ecosystems in the crypto sphere.
It secures transactions through cryptographic algorithms that no one can alter or mess with.
You can also find Floki crypto on the Binance Smart Chain (another user-friendly and secure blockchain).
This means you can enjoy the best of the Floki network even if you aren’t a subscriber of the Ethereum ecosystem.
Floki crypto offers a world where you can spend your Floki coins on either the Ethereum or Binance Smart Chain blockchains without exorbitant tax charges for swapping your cryptocurrency.
It gets even better.
Floki cryptocurrency also has a low transaction fee in terms of gas fees.
Therefore, many consider it a reasonable option, especially when the goal is to send a small amount of money without paying too much.
In addition, transactions on the Floki network are processed quickly, so many consider it a good solution when the aim is faster payments.
It’s also worth mentioning that Floki currency is designed to be fast and scalable. This makes it well-suited for everyday transactions, like paying for a cup of coffee or even an uber.
Now, what are the contributions of Floki Cryptocurrency?
When you invest in the Floki cryptocurrency, there are many benefits in wait.
First, Floki has a large community with a lot of attention and popularity. This has increased the value of the coin significantly.
Floki crypto also has a unique real-world use case, which is rare in the cryptocurrency world.
The unique value it offers is the Metaverse game that creates an immersive experience for players. You can also earn while having fun, a rare find for gamers worldwide.
Another benefit of investing in Floki cryptocurrency is its low transaction fees. Additionally, the cryptocurrency is built on the Ethereum blockchain, a well-established and secure blockchain widely used in the cryptocurrency world.
However, it’s essential to put it out there that investing in cryptocurrencies is risky because no central authority regulates them.
As such, there’s no safety net for investors.
That’s it for today. Here’s a brief recap of what we learnt today:
Floki cryptocurrency is a relatively new digital currency that has skyrocketed in value and recognition in recent months.
It is named after Elon Musk’s beloved dog, is fast, secure, and user-friendly, with low transaction fees and high throughput.
It’s still early days for Floki crypto, but it can potentially become a significant player in the digital currency space.