Floki Inu crypto started with a tweet by Elon Musk, a few hours later Floki Inu popped up on the Binance Smart Chain (BEP20). The tweet was “My Shiba Inu Will Be Named FLOKI!” That was the tweet and by the evening of July 1st, 2021 many were buying into the Floki Inu crypto craze.
In this Floki Inu review, we will be exploring its utility and breaking down both good and bad points. Investing into any token should always be done with caution and never invest any funds that you cannot afford to lose.
Since the release of Floki
2022 Review Update: Since writing this Floki Inu review not much has taken place in the world of Floki Inu. They are still pushing the crypto wallet and donating to various dog charities, but with no evidence of this as of yet. Another important review update is they have been audited by Certik with a 92% security score, which is always a good thing.Floki Inu Review Update
The Floki Inu Token
The Floki Inu Crypto is created on the Binance network (BSC) as a hyper-deflationary token type, similar to Safemoon and claims to be the next Shiba Inu which is built on the Ethereum Blockchain. The hyper-deflationary means that on every sale & buy a certain percentage is burnt, distributed or locked in a holder’s wallet.
These hyper-deflationary type tokens are popular because the rate of burn can be high, but when we are talking about trillions of tokens in the pool, burning a few million will not make much of a dent. Reducing the circulating supply will also improve the price because there are technically fewer tokens available on the market.
Does Floki Inu Have A Utility?
They claim to have the utility of helping dogs, although we have not seen any proof of this as of yet. Many tokens need relevance and Floki Inu has opted for the dog charity utility. Like many obscure tokens, they struggle to find a purpose which can cause issues when the spotlight moves away from their token.
Once this happens tokens without any real-world purposes will tank and users will start to realize their investment is at risk and they withdraw and move onto the next fashionable crypto. Another utility is a wallet and DEX swap which are also popular utilities for tokens looking to stay relevant.
- Token swap (Floki Shiba Swap)
- Card Pay (Floki Card Pay)
- Floki Shiba Paw Wallet
- NFT Auctions
- Dog help (Floki Shiba Swag)
All in all Floki Inu does not have a great utility and is based on crypto wallets, token swap (Defi) and Dog rewards. A hundred other tokens are offering the same utility to stay relevant in the world of crypto tokens.
How To Buy Floki Inu?
Like all new token types, you will need to use the right smart contract address and purchase through a DEX with BSC (BNB). But first, you must use a centralized exchange to buy those BNB coins, then send
- 0x Protocol
- 1 Inch
Is Floki Inu A Scam?
No, it has proved its worth. But any token can withdraw liquidity at any time, so time will tell if they decide to remove liquidity causing anyone wanting to sell their Floki tokens to receive the “no liquidity message”. The Floki team are engaged and their social profiles are active.
- Social Profiles: Active
- Website: Medium standard
Floki Inu $FLOKI Whale Watch
Having looked over the wallet holders there are a few 0.3%,0.4% but only a few so the price has a chance to rise without much resistance. They have a main wallet which is hodling around 64% of all tokens. Having reviewed many tokens we can confirm that
The Breakdown Of $FLOKI BEP20 Token
- Audited – Yes
- Token type: BEP20
- Blockchain: Binance Smart Chain (BNB)
- Number of holders: 90,750
- Max supply of coins: 10,000,000,000,000
- Revealed owner: No
- Contract $Floki: 0x3dab450ee6451762e72647a05a205dd5697c5c2c
- Our Rating: 2/10
Final Review Of Floki Inu $FLOKI
Here at Crypto Enabler, we are very wary of tokens especially ones that came into
They do have a utility, but time will tell how good or useful this token will become once they release their swap, and wallet app and shed more light on their charity results. But, all in all, we do not expect Floki Inu to become the next Shiba Inu due to a lack of reason to exist.
Are You Invested In Floki Inu?
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