$3.2 MILLION+ IN $FLOKI BURNED OVER THE LAST WEEK THROUGH STRONG UTILITY DEMAND
A week after we announced that $1.12 million in FLOKI tokens was burned due to strong utility demand, an additional 14,571,444,483 $FLOKI tokens, worth $3,249,432 at the time of writing this, was burnt in the past week alone through strong demand in Floki's utility products, making Floki perpetually deflationary compared to other memes like $DOGE, $PEPE, $SHIB, $BONK, and $WIF.
These utility-based burns automatically remove $FLOKI tokens from circulation with demand and use of Floki products and will continue well into the future as adoption of Floki Ecosystem products increases.
Specifically, these burns are driven by two key Floki products:
1. The Floki Staking program which has a 5 - 20% early unstake penalty fee, which comes in the form of $FLOKI tokens which is burnt perpetually whenever a Floki staker unstakes earlier.
2. The FlokiFi Locker DeFi crypto locker protocol which buys and burns $FLOKI tokens for every successful transaction on the ETH and BNB chains.
While Floki is proud of its memecoin roots, we continue to emphasize our strong utility focus and fundamentals as one thing that makes us different and strongly positions us for dominance compared to other memecoins in the space -- especially as we work towards our goal of being the world most known and most used cryptocurrency.
Floki has seen strong momentum lately, which has resulted in increased adoption of our utility which is fueling the massive burns we've experienced recently. Indications show that this momentum is likely to continue into the bull run, which should result in a lot more $FLOKI being burned in the future.
IT'S OFFICIAL: FLOKI DAO PASSES VOTE TO BURN 190,918,585,431.84 FLOKI TOKENS
The #Floki DAO has voted in favor of burning 190,918,585,431.84 $FLOKI tokens. At the current market value, this is worth over $24 MILLION.
In line with the decision of the Floki DAO, the tokens will be burnt within a week.
You can read the original proposal here:
https://t.co/1FRWxLJbLR
"photo of BabyDoge wearing sunglasses in a bank vault with gold BabyDoge coins stacked up in the room" Generated via #BabyDogeAi Generate your own now at https://t.co/tyex8v7Qfm
🛸 $PEPE, $FLOKI and $BONK have been listed on #Binance in 2023 🔥
When is @babydoge ⁉️👀
✅ #BabyDoge continuously launches products in accordance with the roadmap and burns tokens in large quantities.
✅ #BabyDogeCoin has been listed on major exchanges such as OKX and Kucoin.
🌙 #BabyDogeArmy 🐶 is the largest and most active community in the cryptocurrency market
$PEPE, $FLOKI and $BONK have been listed on #Binance in 2023 🔥
When is @babydoge ⁉️👀
✅ #BabyDoge continuously launches products in accordance with the roadmap and burns tokens in large quantities.
✅ #BabyDogeCoin has been listed on major exchanges such as OKX and Kucoin.
✅ #BabyDogeArmy 🐶 is the largest and most active community in the cryptocurrency market
P2B Crypto exchange has now listed #BabyDoge
Started in 2017 p2b has 5.3 million user visits per month & 1.5 billion in daily volume overall according to their about us page
https://t.co/sQol9ccXjW
$FLOKI will be the top memecoin of this bull cycle, but many continue to sleep on it.
$DOGE and $SHIB have had their day, and $PEPE's fundamentals are weak.
Ignore Floki at your own peril!
$SHIB 🚀
CEOs of prominent finance enterprises believe Shiba Inu (SHIB) has a better chance to surge by over 116,000% to claim $0.01 in the coming months, citing the #Shibarium mainnet launch as the catalyst.
#SHIBARMYSTRONG
https://t.co/l70KWs6UgC
#BabyDoge community, you've not just etched your name in the Guinness Book of World Records, but you're also on the cusp of crypto history.
A proposal has been submitted to burn 100 Quadrillion tokens!
Store, buy, and swap @babydoge in NOW Wallet:
📍 https://t.co/lbIgc3haBP