IMPORTANT UPDATE ABOUT THE SIMON'S CAT PRESALE
Dear Vikings!
First of all, we would like to sincerely apologize for the rollercoaster that the Simon's Cat presale has been!
After extensively reviewing data on how AGGRESSIVELY some bad actors tried to game and bot this presale, we realized that the best way to put them in their place is to cancel the presale altogether.
In line with Floki's motto of being the people's cryptocurrency, we would NEVER allow the bad guys to win against our community of legitimate users -- some of whom bought and staked $TOKEN weeks in advance, were up all night trying to get in, but were blocked out of participation owing to no fault of their own.
The initial Simon's Cat presale was an OVERWHELMING success, selling out 100% of the planned $4.25 MILLION presale hardcap 12 hours before the public presale was supposed to start and well before our Champion tier users, who are a key portion of users who staked $TOKEN to get an early headstart, could participate.
While the presale selling out so fast is testament to how massive the Floki community is, we also saw evidence of foul play with some trying to game our Launchpad. To make things right, we revoked the purchase these bad actors made during the initial presale (a total of $223,815.20) and created a second presale to cater exclusively to TokenFi Champion tier users who were negatively impacted by their actions.
In turn, the attackers got more aggressive and once again tried to buy up the second presale with their bots.
As a result, we canceled the second presale and decided that there will be no new presale altogether!
Instead:
The Floki core team has decided that Floki will pay the Simon's Cat team the sum of $223,815.20 that they would have gotten from the second presale and airdrop every legitimate user who was in the Champion tier at the time of our snapshot for free.
Yes, you heard that right:
If you are in the Champion tier, you no longer need to participate in any presale. We'll give you $CAT tokens for free, paid for by the Floki treasury.
We're doing this because we realize and acknowledge the hassles and incovenience you went through due to us underestimating how much HYPE the Simon's Cat launch would have and how desperately bad actors would try to take advantage of this.
Here's an overview of exactly what happened and how these users tried to game the system:
- Some users tried to game the initial presale: as soon as they purchased their allocation, they immediately unstaked their $TOKEN and sent it to another wallet to restake and buy a new allocation from the new wallet, despite clear warnings that this will void their presale purchase. After a thorough investigation our devs found out that a total of $223,815.20 was illegitimately purchased by these users.
- To ensure fairness to our users, we set up a new pool to exclusively allow Champion tier users who staked at least $1,000 in $TOKEN and were most affected by the actions of these bad actors to buy the new airdrop. The new pool was designed to give Champion tier users a 1 hour headstart and then allow the pool to move to a public sale should they not buy up the allocation.
- The bad actors got more unhinged and instead decided to unleash a more calculated and aggressive attack: they sent millions of traffic to the launchpad website relatively quickly, which is orders upon orders of magnitude larger than we anticipated since only 4,000+ users were expected to participate in the Champion tier based on the number of people that staked for the tier.
Their aggressive and calculated attack froze the launchpad website, making it inaccessible to anyone. While they did this, they simultaenously had their bots buy up the presale tokens directly through the blockchain: they were able to do this since they had purchased and staked a lot of TOKEN across hundreds of wallet prior to be snapshot, which made them look like legitimate users. This shows you how calculative they were and how much planning they put into this!
- The result of the above was that the bots organized by the bad guys could buy the second presale while the majority of legitimate Champion tier users couldn't, since the bad actors had froze the presale website with an aggressive DDoS attack.
Here's how we're distributing the airdrop to Simon's Cat users to make things right:
- A total of 4,044 wallets was captured as part of the Champion tier at the time of our snapshot on August 20, 22.00 UTC.
- Dividing the total number of wallets by the amount bought would result in an average of $55.345 being given to each user.
- Exactly 337 wallets tried to bot this.
- We want to send a VERY CLEAR message that we will NOT tolerate this kind of activity in our ecosystem because we will NEVER jeopardize the interests of our users. As a result, we will be revoking the presale purchases made by these 337 bot wallets and refunding them the USDT/BNB they paid for the purchase. If these bot wallets were included in the airdrop, they will get a total of $18,651.265 worth of CAT tokens. Due to the malicious attacks of these bots, our devs have been up all night for several days fighting these attacks and were also unable to participate in the presale as they had to mitigate the attacks and work out a solution for users first. Floki will distribute the funds these bots would have gotten to them instead!
- In other words, a total of 3,707 legitimate Champion tier users (i.e. 4,044 total stakers - 337 botters) will each be airdropped $55.345 worth of $CAT at presale valuation. All paid for by the Floki treasury. So, they don't have to do anything and can instead use the funds they had prepared for the presale to buy $CAT at launch if they so choose!
Once again, we want to make it VERY CLEAR that Floki is the people's cryptocurrency and our vision remains to be the world's most known and most used cryptocurrency. We understand how CRITICAL fairness and equity is towards achieving this, and we will always do right by our users.
Once again, thanks for sticking by the Floki (and TokenFi) community and do note that we will ALWAYS have your back! 💖️💖️🙏️
HOW THE FLOKI TRADING BOT STRATEGICALLY POSITIONS #FLOKI FOR INDUSTRY DOMINANCE
$FLOKI is often widely compared to other popular #memecoins like $DOGE, $SHIB, $PEPE, $WIF, $BONK, etc.
However, #Floki is MUCH STRONGER than any of these when it comes to fundamentals and is, in fact, much more than just a memecoin!
Tomorrow, June 25, 2024, the Floki Trading Bot (open beta) will go live on mainnet to the general public for the very first time!
This post explains how the bot improves Floki’s fundamentals and why this is a MUCH BIGGER deal than many realize right now!
Let’s take a look at some data on the state of Telegram trading bots in the industry!
Below is the volume overview for the top five trading bots in the last 7 days:
- Trading Bot #1: $267 million
- Trading Bot #2: $191 million
- Trading Bot #3: $164 million
- Trading Bot #4: $156.6 million
- Trading Bot #5: $55.5 million
(Source: "Dex Trading Bot Wars" on Dune)
The industry standard for trading bot fees is a 1% transaction fee. If this is applied to the above volumes, you can expect $550,000 to $2.67 million in transaction fees WEEKLY from each of these trading bots -- or an average of $1.66 million in weekly fees per bot.
That’s an average of $6.64 million generated by these bots monthly, or $2.20 million monthly on the low end and $10.68 million monthly on the high end.
The Floki Trading Bot intends to disrupt the trading bot industry, with a strong focus on speed and user experience!
Why Floki is uniquely positioned to dominate the trading bot industry
With the public launch of the Floki Trading Bot tomorrow, Floki will be the ONLY brand offering a trading bot with a combination of the following unique advantages:
- ~500,000 on-chain holders: For perspective, Floki had over $2.45 billion in 24hr trading volume at peak, or over $120 million in 24hr DEX trading volume. This is exclusively for $FLOKI trades and does not account for other cryptocurrency trades by these users.
- A strong brand recognized by 3 billion+ mainstream users: this is possible through partnerships with nine of the world’s biggest football teams, partnerships with a Formula 1 team, partnerships with teams in the cricket, table tennis, and badminton leagues, etc, which gives the Floki Trading Bot a strategic advantage for industry dominance due to Floki’s strong brand recognition.
- One of crypto’s best marketing teams, with strong connections and an eye for data on exactly where to be to ensure rapid adoption.
- A strong focus on user experience with a unique, easy-to-use trading bot with a strong cross-chain focus, allowing users to perform all of their trades in one place.
Based on the above, we think it is realistic to expect the Floki Trading Bot to be among the top trading bots in the industry in the not-so-distant future once product-market fit has been achieved.
A key question many would have is, “Exactly what does this mean for me as a $FLOKI token holder?”
The answer lies in the tokenomics of the Floki Trading Bot:
The bot charges a 1% fee, 50% of which goes towards a transactional buy and burn of $FLOKI, the bot's main utility token, and 50% of which goes to the Floki treasury.
This has a few key implications:
- The bot enhances the utility of the $FLOKI token and contributes to strong product-driven demand for it, giving it a strategic advantage over other memecoin competitors.
- The Floki Treasury is better positioned to run aggressive marketing campaigns aimed at accelerating the adoption of the bot (and the rest of the Floki ecosystem!) in a way that creates a self-reinforcing cycle that further strengthens $FLOKI’s fundamentals and utility.
Based on the above analysis, it is abundantly clear that Floki will become FUNDAMENTALLY STRONGER compared to every other memecoin in the industry the moment the Floki Trading Bot goes public.
We want to be expressly clear: While the initial version of the bot is a public beta release (i.e. open to anyone and everyone albeit in “beta” stage for a while), we cannot guarantee or promise that the bot will have a certain number of users at a certain point in time: so, there is no guarantee whatsoever, direct or implied, from the above analysis, and none should be assumed. Our analysis above is an objective analysis of the true state of things in the Telegram trading bot industry and Floki’s position in the industry, and we’re confident about Floki’s ability to dominate the industry in time based on our strong internal roadmap.
BREAKING: Bald guy steals Floki's helmet!
A bald guy just stole renowned memecoin, #Floki's helmet.
Demands $FLOKI become the no. 1 #memecoin in the world, supassing memecoins like $PEPE, $SHIB, and $DOGE.
Will the #Floki Vikings fight back for it?
Stay tuned for more updates!
ICYMI: DWF Labs is investing another $12 million in Floki tokens, following a $10 million purchase. This comes as #Floki prepares to launch the Valhalla metaverse game and a decentralized domain service. Read more: ↓
https://t.co/4g9JPQRkoU
BREAKING: $FLOKI remains one of the strongest #memecoins, with strong institutional interest and smart money actively accumulating it. Many analysts believe #Floki will be the main #memecoin of this bull run, not $PEPE, $BONK, or $WIF!
Shout out to all who have been a #FLOKI Viking since 2022 and before.
Shout out to veteran #FLOKI Vikings who never stopped believing, never stopped accumulating, and have been holding strong!
To new #FLOKI Vikings, learn to invest for long term like us.
How many impatient moonbois are millionaires? 99% millionaires in crypto will tell you that they become millionaires after a few years, not instantly.
#FLOKI Vikings arguably have the most millionaires in their community members.
Why? Because so many #FLOKI Vikings just focus on holding and accumulating $FLOKI the past few years.
@okx Take a look into #FLOKI.
Meme + Strong Fundamentals
Live with $800m+ TVL:
- FlokiFi Locker
- Staking
- Shop Floki
- TokenFi
Upcoming:
- P2E game Valhalla
- University
- Digital Bank Accounts
- Trading Bot
Plus world class marketing and strong community.
#FLOKI has it all!