Divide and conquer
For Open Community Review and Is Subject To Change
The FLOKI token is available on more than one blockchain. Each blockchain FLOKI is on has its own strong points that allows the FLOKI ecosystem to thrive on it.
As of right now, FLOKI is available on the following blockchains:
- Binance Smart Chain
FLOKI was originally launched on the Ethereum blockchain with a total supply of 10 trillion. However, shortly after its inception, FLOKI launched on the BSC network with a supply of 10 trillion in other to tap into the massive BSC userbase to grow the Floki Ecosystem.
There FLOKI ETH-BSC atomic swap bridge facilitates a 1:1 swap that allows FLOKI holders to move their tokens seamlessly between the BSC and ETH blockchain. Due to the 1:1 swap, the supply and price of FLOKI between ecosystems are connected.
FLOKI's 3% transaction tax is not applied when users bridge tokens between blockchains. This means you won’t pay the FLOKI transaction tax when moving tokens between the ETH and BSC chains. You will only pay the tax when doing usual buying and selling transactions.
Breakdown of FLOKI Token Distribution on the BSC and ETH Blockchains
Here's a breakdown of the FLOKI token burnt/out of circulation:
- 1.43 trillion burnt on ETH.
- 1.16 trillion locked in ETH bridge.
- 3.50 trillion burnt on BSC.
- 4.56 trillion locked in BSC bridge.
That's 10.65 trillion tokens PERMANENTLY out of circulation across both chains.
This makes FLOKI's actual supply (available/circulating) more or less ~9.35 trillion.
In other words, the maximum amount of FLOKI tokens circulating and tradable in the market should not be more than 9.35 trillion.