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About FLOKI
Disclosures
FLOKI risk
This material is for informational purposes only and is not exhaustive of all risks associated with trading FLOKI. All crypto assets are risky, there are general risks in investing in FLOKI. These include volatility risk, liquidity risk, demand risk, forking risk, cryptography risk, regulatory risk, concentration risk & cyber security risk. This is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto assets; or (iii) financial, accounting, legal or tax advice. Profits may be subject to capital gains tax. You should carefully consider whether trading or holding crypto assets is suitable for you in light of your financial situation. Please review the Risk Summary for additional information.
Investment Risk
The performance of most crypto assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto assets.
Lack of Protections
Crypto assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto asset investments.
Liquidity Risk
There is no guarantee that investments in crypto assets can be easily sold at any given time.
Complexity
Investments in crypto assets can be complex, making it difficult to understand the risks associated with the investment. You should do your own research before investing. If something sounds too good to be true, it probably is.
Concentration Risk
Don't put all your eggs in one basket. Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on anyone to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments.
Five questions to ask yourself
- Am I comfortable with the level of risk? Can I afford to lose my money?
- Do I understand the investment and could I get my money out easily?
- Are my investments regulated?
- Am I protected if the investment provider or my adviser goes out of business?
- Should I get financial advice?
Meme coins
Meme Coins are crypto assets whose value is driven by community sentiment and online trends. Risks linked to Meme coins include:
Market Risk
Cryptocurrency markets are known for their extreme price volatility, with values often experiencing rapid and unpredictable fluctuations.
Market Sentiment Risk
Cryptocurrency prices can be heavily influenced by market sentiment, news, and social media. FUD (fear, uncertainty, doubt) and FOMO (fear of missing out) can drive irrational price movements and create reputational risk.
Market Manipulation Risk
Due to the technological complexity, low volumes and the decentralised nature of cryptocurrencies, there is a risk of market manipulation by some market participants who can influence prices.
Enterprise Risk
There may be a lack of transparency in the construct of certain tokens or no audits performed on any part of the enterprise. Collateral pools, assets or proof of reserves may be opaque or unverifiable. Audit statements could be unreliable if from an untrusted source.
Model of Operation Risk
Cryptocurrencies may use intricate networks or business models that are not fully comprehensible to token holders, resulting in misinformed decisions.
Transparency Risk
Decentralized crypto projects can have founders / foundation / developers who may exert undue influence on the project outcome. These founders / foundation / developers may be anonymous which can lead to an increase in enterprise risk. Disagreements within the Founders / Foundation / Community can lead to events such as forks or dilution which could lead to diminishing the value of previously established assets. Network validators may prioritize their own interests, which may not always align with the overall health or decentralization of the network.
FLOKI’s price performance
FLOKI on socials
Guides
FLOKI on OKX Learn
FLOKI FAQ
FLOKI aims to become more than just a meme coin. With initiatives like a decentralized exchange and a staking and lending platform, it strives to provide real utility and establish a formidable presence in the crypto domain.
The FLOKI community is active on platforms like Twitter and Telegram. Engage with fellow enthusiasts, stay abreast of the latest developments, and partake in community events by joining these networks.
Easily buy FLOKI tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include FLOKI/USDT and FLOKI/USDC.
Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for FLOKI with zero fees and no price slippage by using OKX Convert.
Dive deeper into FLOKI
Meme coins have carved out a niche within the cryptocurrency arena. Among them, FLOKI, inspired by memes and Elon Musk's Shiba Inu dog, has garnered interest for its community-driven ethos and marketing efforts.
What is FLOKI
FLOKI is a meme coin that serves as a utility token for its expansive ecosystem. Despite its humorous origins, FLOKI has gained significant traction and boasts a dedicated community. What began as a meme has also evolved into a formidable project with a cross-chain presence on both the Binance Smart Chain (BSC) and Ethereum (ETH) blockchain.
Transactions within the FLOKI ecosystem incur a 3 percent fee, which fuels the treasury responsible for furthering the project's growth and collaborations. Users bridging tokens between the ETH and BSC chains are exempted from this fee.
The FLOKI team
Mimicking the trend of many meme coin ventures, the FLOKI team comprises anonymous developers and marketers. Their collective efforts center on fostering the growth and reputation of the FLOKI ecosystem within the crypto sphere.
How does FLOKI work
Operating on the Ethereum blockchain as an ERC-20 token, FLOKI's attributes include trading on decentralized exchanges and an inherent burn mechanism, making it a deflationary asset.
Furthermore, FLOKI powers Valhalla, the platform’s NFT metaverse incorporating play-to-earn (P2E) mechanics. Here, users can accrue FLOKI tokens and buy in-game NFTs. Valhalla offers opportunities for passive income with features like a gardening system, battle and ship systems, and an item system.
The project also plans to introduce FlokiPlaces, an NFT marketplace and merchandise shop, with FLOKI as the primary currency.
FLOKI tokenomics
FLOKI boasts a maximum supply of 10 trillion tokens. A deflationary mechanism is in place, burning a percentage of tokens with each transaction and rewarding every FLOKI holder with a portion of every transaction.
FLOKI use cases
Beyond its role as a tradable cryptocurrency, FLOKI’s versatility extends to a DeFi platform, where its potential as a liquidity tool is being explored.
Additionally, the upcoming FlokiPlaces NFT marketplace will use FLOKI as its primary currency. Within the gaming metaverse Valhalla, users can also earn and spend FLOKI tokens. Lastly, the token will also be pivotal in the University of Floki, an educational crypto platform.
What the future holds for FLOKI
With an array of exciting initiatives in the pipeline, FLOKI’s journey is poised to transcend its meme origins. The development of a decentralized exchange, lending and staking platforms, and the University of Floki are endeavors aimed at furnishing FLOKI holders with tangible utility.
Disclaimer
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