Floki Whitepaper
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Tokenomics
LEGAL DISCLAIMER
TECHNOLOGY
For Open Community Review and Is Subject To Change
THE FLOKI TOKEN
The native cryptographically-secured fungible protocol token of Floki Inu (ticker symbol $FLOKI) is a transferable representation of attributed utility functions specified in the protocol/code of Floki Inu, and which is designed to be used solely as an interoperable utility token thereon.
$FLOKI is a functional multi-utility token which will be used as the medium of exchange between participants on FLOKI in a decentralised manner.
The goal of introducing $FLOKI is to provide a convenient and secure mode of payment and settlement between participants who interact within the Floki Ecosystem without any intermediaries such as centralised third party entity/institution/credit.
It is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer.
$FLOKI does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $FLOKI entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in the United States, Singapore, or any relevant jurisdiction.
$FLOKI may only be utilised in the Floki Ecosystem, and ownership of $FLOKI carries no rights, express or implied, other than the right to use $FLOKI as a means to enable usage of and interaction within the Floki Ecosystem.
$FLOKI is an integral and indispensable part of the Floki Ecosystem, because without $FLOKI, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem.
The $FLOKI token is an ERC-20 and BEP-20 compliant token with special features.
There is a 3% $FLOKI tax on every buy and sell transaction. That 3% tax goes to a treasury wallet. The funds in the treasury wallet will be used for further development of the Floki Ecosystem and marketing activities aimed at ensuring adoption.
FLOKI is cross-chain and is available on both the ETH and BSC chains.
The Genesis NFT collection
Also known as the "Diamond Hands" non-fungible token (NFT) collection. These are a series of ERC-721 compliant tokens that were presented as rewards to initial airdrop receivers and the first batch of buyers.
There are four different tiers in the genesis collection:
- Bronze
- Silver
- Ruby
- Diamond
Each NFT in this collection has a specific clarity value. The utility of this value is not disclosed to the public yet. In addition to this value, each NFT has a chance to receive one of the following hidden attributes:
- X
- Y
- Z
These values and utilities of these hidden attributes are not disclosed to the public yet.
The Floki Gemstone Collection
The Floki Gemstone NFTs are an exclusive set of new Floki NFTs that give holders a sort of “VIP access” and exclusive benefits. There are three gemstone NFTs:
Aurum Gemstone of Truth:
- Holders will be excluded from fees when using FLOKI products. This includes “Forever Free” access to all Premium Floki University courses in the future as well.
- Holders will get a unique advantage in the Floki NFT Metaverse Valhalla!
Diamond Mind Gemstone:
- Holders will have access to all the features Aurum Gemstone of Truth NFT holders have.
- Holders will be among the first set of people to get access to the FLOKI Debit Card when it launches.
Ruby Heart Gemstone:
- Holders will have access to all the features of the other Gemstone NFTs.
- Holders will get airdropped a portion of future tokens that launch within the FLOKI ecosystem.
Cross-chain bridge
Floki users are able to bridge their tokens from the Ethereum network to the Binance Smart Chain network and vice versa in minutes. The system powering this cross-chain exchange is the Moontography platform.
Last modified 3mo ago