cryptonewsland.com
- 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.
The #Floki team has landed in Hong Kong, ready to showcase #Valhalla at the WOW Summit on March 26-27!
— FLOKI (@RealFlokiInu) March 25, 2024
Alongside the trailer of our flagship #PlayToEarn NFT Metaverse game, we have many more things lined up to showcase WOW's massive network and audience! 🔥 pic.twitter.com/zIXVGT21bj
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.
$55.26 MILLION+ IN $FLOKI BURNED SO FAR IN MARCH THROUGH STRONG UTILITY DEMAND
— FLOKI (@RealFlokiInu) March 25, 2024
A total of 214,774,104,953 $FLOKI tokens, worth $55,261,377.2 at the time of writing, have been burned so far in March.
That's more burns than $DOGE, $SHIB, $PEPE, $WIF, $BONK and other top… https://t.co/JtSkD5RapL pic.twitter.com/wg5JZrwthh
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.