Floki Inu Roadmap Reveals Plans For Regulated Bank Accounts, FLOKI Faces 17% Downtrend
March 22 2024 - 6:00PM
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The development team behind the dog-themed meme coin Floki Inu has
unveiled its highly anticipated roadmap for 2024, revealing several
upcoming features and utility-focused initiatives. Notable
highlights include the launch of regulated digital banking
accounts, integration with the Venus decentralized finance (DeFi)
protocol, the Floki debit card’s introduction, and the Valhalla
mainnet’s upcoming release. Floki Inu Aims To ‘Bank The Unbanked’
Floki Inu plans to introduce regulated digital banking accounts,
enabling users to create and fund bank accounts using FLOKI
tokens. Related Reading: Fantom (FTM) Jumps 180% In 4 Weeks:
Just The Beginning? In partnership with an unnamed licensed fintech
company operating in key jurisdictions such as Canada, Spain,
Dominica, Australia, and the UAE, these accounts will support SWIFT
payments and SEPA IBANs. In addition, the upcoming launch of
Floki Debit Cards will allow users to link their digital bank
accounts to debit cards, providing a convenient and secure way to
spend their FLOKI tokens in traditional currencies such as Euro
(EUR) and US dollars (USD). According to the proposal, the
initiative aims to “bank the unbanked” by enabling a broader user
base to access traditional banking services using their FLOKI
tokens while increasing the utility and adoption of cryptocurrency.
Pending governance approval, Floki Inu also seeks to list its
native token, FLOKI, on the Venus Core Pool. This integration aims
to unlock deeper liquidity, comparable to established blue-chip
cryptocurrencies and allow FLOKI holders to use their tokens
as collateral to borrow various assets such as Maker (DAI),
Circle’s USDC stablecoin, Binance Coin (BNB) and Ethereum
(ETH). By integrating Venus Markets directly into Floki’s
user interface (UI), the protocol states that users will have
frictionless access to the liquidity provided by the platform,
further integrating Floki into the decentralized finance ecosystem.
FLOKI-Powered Trading Bot And Valhalla Mainnet Launch Floki Inu
plans to introduce a cross-chain Telegram and Discord trading bot
powered by the FLOKI token. This bot will allow users to buy and
sell cryptocurrencies on leading blockchain networks. Specifically,
50% of the fees generated will be used to buy and burn FLOKI
tokens, increasing their utility and contributing to a deflationary
mechanism. Finally, the highly anticipated mainnet release of
Valhalla, Floki Inu’s flagship utility and metaverse game, will
occur. Valhalla on the Mainnet will feature on-chain game
mechanics, a PlayToEarn economy, upgradeable NFTs, and an
open-world experience. Related Reading: Bitcoin Spot ETFs See
4 Consecutive Days Of Outflows, Here’s What Happened Last Time As
of this writing, the FLOKI token has experienced a correction of
over 17% in the past seven days, aligning with the overall market
trend. This correction has resulted in the current trading price of
$0.0002295 for the FLOKI token. Despite the recent downtrend, it is
worth noting that FLOKI has still achieved a remarkable
year-to-date gain of 440%. This substantial increase in value has
propelled the token’s market capitalization to $2 billion,
solidifying its position at the 59th spot among the top 100
cryptocurrencies in the market. Featured image from Shutterstock,
chart from TradingView.com
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