What Is FLOKI Coin? From Meme Culture to a Rising Star in the Metaverse Crypto Space

What is FLOKI Coin?

FLOKI Coin originated from Elon Musk’s tweet in June 2021: “My Shiba Inu will be called Floki”, which quickly sparked discussions in the community and gave birth to a new MEME coin - Floki Inu (FLOKI). Initially a fun community token, it has evolved over time into a diverse ecosystem project integrating Metaverse, NFT, payments, and on-chain finance.

The technical architecture and characteristics of FLOKI

Cross-chain capability

FLOKI is deployed on both Ethereum and BNB Chain, with the ‘dual-chain rapid cross-chain’ function, supporting tax-free fast transfers, improving user experience and usability.

Unique deflationary mechanism

FLOKI has a 3%~5% slippage mechanism, of which 3% will be used as marketing funds, and 10% will be extracted for buyback and burn of tokens, enhancing scarcity and supporting the coin price.

Pool locked for 265 years

To ensure the long-term development of the project, FLOKI’s liquidity pool has been locked for 265 years, demonstrating a strong intention of community trust.

FLOKI’s ecosystem layout

Metaverse game Valhalla

FLOKI has launched a 3D NFT game called “Valhalla”, inspired by Elon Musk’s hometown, featuring elements such as battles, breeding, NFT collection, and integrating Kimble Musk’s health food project to achieve a fusion of virtual and reality.

Cooperation Mall CryptoCart

Starting from 2022, FLOKI can be used to purchase products from over 1700 brands through cooperation with CryptoCart, including Apple, Starbucks, Nike, etc.

Global cooperation in tourism and online finance

FLOKI also collaborates with CURE to support users to book flights, hotels, and travel projects with FLOKI. It also partners with BankSocial to build a fully blockchain-based lending platform, enhancing practicality.

FLOKI’s community and marketing strategy

FLOKI’s marketing is mainly community-driven, having been featured in London’s subway, buses, and even on TV through advertisements, and endorsed by Elon Musk’s brother Kimble Musk to enhance credibility.

Market Performance

Image:https://www.gate.com/trade/FLOKI_USDT

On May 22, 2025, the price of FLOKI is approximately 0.0001 US dollars.

Summary

FLOKI Coin has evolved from a simple MEME project to a comprehensive platform covering the metaverse, payments, NFT, and DeFi, gradually expanding its real-world use cases. Despite FLOKI’s expansion of utility, its essence still belongs to the MEME project, and market sentiment fluctuates greatly. Investors should pay attention to risk control, especially when speculative news is frequent, they should remain calm. Whether it can continue to succeed in the future will depend on the landing capability of its ecosystem and the strength of community support.