Miami, FL, June 21, 2024, Chainwire
Beyond market trends, FLOKI has become a major entity in the meme coin sector. Its success is driven by practical applications, a strong presence, and a dedicated community.
A key factor behind FLOKI's prominence is its strong community support. Notable mentions include a tweet from Elon Musk's parody account with 207,000 followers, which says: “FLOKI objectively offers much better utility than other memecoins on the market.” Crypto analyst Crypto_Scofield also praised FLOKI's rapid development, highlighting its leadership among major meme coins such as $PEPE, $WIF, and $BONK.
Social networks and community participationData from LunarCrush, a social media analytics tool, shows that in the last six months, FLOKI's social interactions skyrocketed 320% and its social dominance increased 109%. Social Dominance measures the “share of voice” on social media, according to LunarCrush.
FLOKI has been actively seeking new developments to strengthen its ecosystem. The team introduced a trading bot and achieved major listings, such as Kraken adding FLOKI to its listing roadmap, in the last 24 hours alone.
FLOKI introduced a Telegram-based trading robot tool that allows holders to trade any token on the BNB Chain network. It is expected to be available to the public in mid-June. The service will later be expanded to the Base and Base blockchains. The robot, which requires FLOKI tokens for use, aims to increase demand for the tokens through a fee structure that supports buying pressure. The robot charges a 1% fee for each transaction, and 50% of the fees collected are used to purchase FLOKI on the open market, contributing to buying pressure.
Some other useful examples include FLOKI launching a decentralized domain name service on the BNB Chain mainnet. This service allows users to create .FLOKI domain names, which represent their on-chain identities.
FLOKI's roadmap shows that it is in talks to offer digital bank accounts in partnership with a licensed fintech company. Users can link these accounts to FLOKI debit cards for seamless transactions in euros, US dollars, and more.
Another major project in progress is the launch of Valhalla, FLOKI's play-to-earn NFT gaming metaverse.
Furthermore, FLOKIFi Locker Protocol has also been integrated into DEXTools. Collaborations with Inverse Finance and Venus Protocol allow users to stake their FLOKI tokens and use them as collateral to borrow major cryptocurrencies like BTC and ETH.
The partnership goes beyond the ecosystem, that is, also IRL events.
Looking ahead, FLOKI's marketing efforts are likely to have an even greater impact than in the past. As FLOKI creative marketing director and advisor Saber (NASDAQ:) explains in a tweet, past marketing partnerships are likely to be overshadowed by what's to come.
Sports associationsTo name a few, FLOKI became the title sponsor of Kerala Blasters FC, a popular Indian football team. In addition to being the shirt sponsor of The India Maharajas. This partnership introduces the FLOKI brand to over 700 million cricket fans around the world.
FLOKI and its sister token, TokenFi, also formed a strategic marketing partnership with two legendary cricket teams, the Manipal Tigers and the Bhilwara Kings.
The team also partnered with the Spanish soccer team Cádiz CF, part of the La Liga division. The FLOKI logo features prominently on SSC Napoli shirts and LED screens and at events organized by World Table Tennis (WTT), reaching more than 500 million tennis fans.
Last but not least, FLOKI appeared on the Alfa Romeo F1 ORLEN team cars in 2022 throughout the season.
Marketing and strategic partnershipsFLOKI has launched several aggressive marketing campaigns to drive adoption and awareness worldwide. The platform anticipates that upcoming initiatives will exceed the impact of previous efforts.
In Nigeria, the team announced a three-month campaign targeting the country's high percentage of cryptocurrency users, including advertising on major news platforms and trade publications and collaborating with 16 digital influencers to reach more than 93 million people.
In Vietnam, FLOKI began a comprehensive campaign targeting the cryptocurrency user base with extensive advertising and local events to engage the community and build brand loyalty. Vietnam, which ranks 15th in world population, also has one of the highest cryptocurrency adoption rates.
FLOKI has also made inroads in Turkey, featuring prominently on television with commercials on popular channels to take advantage of Turkey's large and active crypto community. In the Middle East and North Africa (MENA) region, FLOKI's marketing initiatives include high-profile campaigns in countries such as the United Arab Emirates, where cryptocurrency adoption is growing rapidly.
In the United States, FLOKI executed high-visibility billboard campaigns, especially in the prime location of Times Square in New York City, next to the Nasdaq billboard in Times Square, capturing the attention of hundreds of thousands of passersby.
FLOKI's educational initiatives include regular AMA sessions. These sessions provide transparency and allow for direct engagement with the community.
With TokenFi joining its ecosystem, FLOKI plans to take advantage of the growing tokenization industry, which is projected to be worth $16 trillion by 2030, according to BlackRock (NYSE 🙂) CEO Larry Fink.
In summarizing FLOKI's strategy, Saber explains it well: “attract retail investors, execute impactful marketing campaigns and leave a lasting impression.”
Financial and ecosystem milestonesMeanwhile, the FlokiFi platform has a total value locked (TVL) of $110.56 million secured across 2,372 locks. It supports 16 different blockchains and has locked 86 NFTs. Additionally, more than 2.3 trillion FLOKI tokens, valued at $436.61 million, have been secured in the FLOKI staking program.
In a show of strong support, DWF Labs said it will purchase $12 million worth of FLOKI tokens. This purchase will be a combination of market acquisitions and Floki treasury tokens.
As of 2024, FLOKI has been one of the top performers, growing more than six-fold so far this year. Around 86% of FLOKI holders make profits, according to data from IntoTheBlock.
About Floki
Floki is the popular cryptocurrency and utility token of the Floki ecosystem. Floki aims to become the most well-known and used cryptocurrency in the world and aims to achieve this ambitious goal by focusing on utility, philanthropy, community and marketing.
Floki currently has over 490,000 cardholders and a strong brand recognized by billions of people around the world due to its strategic marketing partnerships.
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ContactCommunity Relations Officerpedro vidalfloki[email protected]
This article was originally published on Chainwire.
