The Good Tech Companies - FLOKI Unveils New Developments And Strategic Marketing Initiatives

Episode Date: June 21, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/floki-unveils-new-developments-and-strategic-marketing-initiatives. Social Dominance measures the "share of voice" across social media, as per LunarCrush Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #floki, #chainwire, #press-release, #floki-announcement, #crypto-industry, #memecoin, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. FLOKI has emerged as a significant entity in the meme coin sector. Its success is driven by practical applications, and a dedicated community. In the last six months, FLOKI’s social interactions skyrocketed by 320%, and its social dominance was up 109%.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. FLOKI unveils new developments and strategic marketing initiatives. By Chainwire, Miami, Florida, June 21, 2024, Chainwire, Beyond Market Trends, Flocki has emerged as a significant entity in the meme coin sector. Its success is driven by practical applications, a robust presence, and a dedicated community. A key factor behind Floki's prominence is its strong community support. Notable mentions include a tweet from Elon Musk's parody account with 207k followers, stating, Floki objectively offers much better utility than other memecoins on the market.

Crypto analyst Crypto underscore Schofield also praised Floki's rapid development, noting its leadership among major memecoins like Dollar Pepe, Dollar WIF, and Dollar Bonk. Social media and community engagement data from Lunar Crush, a social media analytics tool, shows that in the last six months, Floki's social interactions skyrocketed by 320%, and its social dominance was up 109%. Social dominance measures the share of voice across social media, as per Lunar Crush. FLOKI has been actively pursuing new developments to strengthen its ecosystem. The team introduced a trading bot and achieved major listings,

like Kraken adding FLOKI to its exchange listing roadmap, just in the last 24 hours. FLOKI introduced a telegram-based trading bot tool that enables holders to trade any token on the BNB chain network. Public availability is expected in mid-June. The service will later be expanded to the Ethereum and BASE blockchains. The bot, requiring FLOKI tokens for use, aims to increase token demand through a fee structure that supports buying pressure. The bot charges a 1% fee on every transaction, with 50% of the collected fees used to buy FLOKI on the open market, thus contributing to buying pressure. Some other examples of utility include FLOKI launching a decentralized domain name service on the BNB chain Mainnet. This service allows users to create FLOKI domain names,

representing their on-chain identities. FLOKI roadmap shows that it is in talks to offer digital banking accounts in partnership with a licensed fintech firm. Users can link these accounts to flock iDebit cards for smooth transactions in euros, US dollars, and more. Another major project in progress is the launch of Valhalla, Floki's play-to-earn NFT gaming metaverse. Furthermore, Floki Fee Locker Protocol has also been integrated into DEX tools. Collaborations with Inverse Finance and Venus Protocol allow users to stake their FLOKI tokens and use them as collateral for borrowing major cryptocurrencies like BTC and ETH.

The partnership goes beyond the ecosystem, I.E.I.R.L. events to. Looking ahead, Floki's marketing efforts are likely to be even more impactful than in the past. As explained in a tweet by Saber, advisor, creative marketing director, FLOKI, the past marketing partnerships are likely to be eclipsed by what's to come. https://com.sabre-ethereum, status, 1798750647937900695 sports partnerships to name a few, FLOKI became the sleeve sponsor for Kerala Blasters FC, a popular soccer team in India. Along with being the shirt sponsor of the India Maharajas, this partnership introduces the FLOKI brand to over 700 million cricket fans globally. FLOKI and its sister token, Token FI, also formed a strategic marketing partnership with

two legendary cricket teams, the Manipal Tigers and the Bulwara Kings. The team also partnered with Spanish soccer team Cádiz CF, part of the La Liga division. The FL OKI logo features prominently on the jerseys and LED displays OFSSC Napoli and at events hosted by World Table Tennis, WTT, reaching over half a billion tennis fans. Last but not the least, FLOKI appeared on the Alfa Romeo F1 team Orlin Cars in 2022 throughout the season. Marketing and strategic PARTNERSHIPS FLOKI has launched several aggressive marketing campaigns to boost adoption and awareness worldwide. The platform anticipates that upcoming initiatives will surpass the impact of previous efforts. In Nigeria, the team announced a three-month campaign targeting the country's high percentage of crypto users, including advertising on major news platforms and

business publications and collaborating with 16 digital influencers to reach over 93 million people. In Vietnam, FLOKI initiated a comprehensive campaign aimed at the crypto user base with extensive advertising and local events to engage the community and build brand loyalty. Vietnam, which ranks 15th in global population, also has zone of the highest crypto adoption rates. FLOKI has also made strides in Turkey, featuring prominently on television with commercials on popular channels to leverage Turkey's large and active crypto community. In the Middle East and North Africa, MENA, region, Floki's marketing initiatives include high-profile campaigns in countries like the UAE, where crypto adoption

is rapidly growing. In the United States, FLOKI executed high-visibility billboard campaigns, notably in New York City's Times Square Prime location beside the Nasdaq billboard in Times Square, capturing the attention of hundreds of thousands of passers-by. Floki's educational initiatives include regular AMA sessions. These sessions provide transparency and allow direct engagement with the community. https://www.youtube.com.embed.x4bids.ljzq8.embeddable equals true with token FI joining its ecosystem. FLOKI plans to tap into the growing tokenization industry, projected to be worth $16 trillion by 2030, according to BlackRock CEO Larry Fink. Greater than summarizing Floki's strategy, Sabre explains it well, attract retail greater than investors, run impactful marketing campaigns,

and leave a lasting impression. Financial and ecosystem milestones Meanwhile, the FlokiFi platform has a total value locked, TVL, of $110. 56 million secured through 2,372 locks. It supports 16 different blockchains and has locked 86 NFTs. Moreover, over 2,3 trillion FLOKI tokens, valued at $436. 61 million, have been secured in the FLOKI staking program. In a show of strong support, DWF Labs said it will purchase $12 million in Flocki tokens. This purchase will be a mix of market acquisitions and tokens from the Floki treasury. As of 2024, FLOKI has been one of the top performers, rising more than six-fold year to date. About 86% of FLOKI holders are in profit, according to data from IntoTheBlock.

About Floki Floki is the people's cryptocurrency and utility token of the Floki ecosystem. Floki aims to become the world's most known and most used cryptocurrency and intends to achieve this ambitious goal through a focus on utility, philanthropy, community, and marketing. Floki currently has 490,000 plus holders and a strong brand recognized by billions of people worldwide due to its strategic marketing partnerships. Website Twitter Contact Community Relations Officer Pedro Vidal Floki Marketing at floki.com. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence.

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