- Floki debuts Valhalla at WOW Summit, amplifying its presence.
- March sees over $55 million Floki token burns, outpacing major memecoins combined.
- Utility products drive burns, with more innovations and marketing planned.
The Floki team is set to make waves in Hong Kong as they prepare to unveil their flagship PlayToEarn NFT Metaverse game, Valhalla, at the WOW Summit on March 26-27. With excitement building around their presence at the event, Floki aims to leverage the platform to showcase Valhalla to a massive audience.
Read CRYPTONEWSLAND on
google news
In addition to the game trailer reveal, Floki has made headlines with its staggering token burns. March alone has seen over $55 million worth of Floki tokens burned, surpassing the combined burns of other top memecoins like DOGE, SHIB, and PEPE.
These burns, totaling 214,774,104,953 Floki tokens, are a testament to the strong utility demand and community support behind the project.
The burns are facilitated through a combination of utility products and a DAO-approved burn mechanism. The Floki Staking program, featuring a 5-20% early unstake penalty fee in Floki tokens, and the FlokiFi Locker DeFi protocol, which buys and burns Floki tokens on the ETH and BNB chains, are driving this deflationary impact.
Looking ahead, Floki anticipates further acceleration in token burns with the launch of new products, including the Floki Trading Bot, later this year. Aggressive marketing campaigns are also underway to introduce Floki to billions of new users, aligning with the project’s goal of becoming the world’s most known and most used cryptocurrency.
With the WOW Summit as a platform for exposure and engagement, Floki is poised for an exciting journey ahead as they continue to innovate and expand their ecosystem. Stay tuned for more updates on Floki’s journey to the forefront of the crypto landscape.
Read Also
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
