The development team behind dog-themed meme coin Floki Inu has revealed its long-awaited road map to 2024, revealing several upcoming features and initiatives focused on public services.
Notable highlights include the launch of regulated digital bank accounts, integration with decentralized finance (DeFi) protocol Venus, the introduction of the Floki debit card, and the upcoming launch of the Valhalla mainnet.
Floki Inu intends to ‘bank the unbanked’
Floki Inu plans to introduce regulated digital bank accounts, allowing users to create and fund bank accounts using FLOKI Tokens.
In partnership with an unnamed licensed fintech company operating in key jurisdictions such as Canada, Spain, Dominica, Australia and the United Arab Emirates, these accounts will support SWIFT payments and SEPA IBANs.
Additionally, 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 base of users to access traditional banking services using their FLOKI tokens, while increasing the utility and adoption of cryptocurrency.
Pending governance approval, Floki Inu is also seeking to list its native token, FLOKI, on the Venus Core Pool. This integration aims to unlock deeper liquidity, comparable to that established top-tier cryptocurrencies and allow FLOKI holders to use their tokens as collateral to lend various assets such as Maker (DAI), Circle’s stablecoin USDC, Binance Coin (BNB), and Ethereum (ETH).
By integrating Venus Markets directly into Floki’s user interface (UI), the protocol claims 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 launch a cross-chain Telegram and Discord trading bot powered by the FLOKI token. This bot will allow users to buy and sell cryptocurrencies on major 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 long-awaited mainnet launch of Valhalla, Floki Inu’s flagship utility and metaverse game, will take place. Valhalla on Mainnet will feature on-chain game mechanics, a PlayToEarn economy, upgradable NFTs, and an open-world experience.
At the time of writing, the FLOKI token has seen a correction of over 17% in the last seven days, aligning with the general market trend. This correction resulted in the current trading price of $0.0002295 for the FLOKI token.
Despite the recent downtrend, it is worth noting that FLOKI still achieved a remarkable year to date 440% gain. This substantial increase in value boosted the token’s market capitalization to $2 billion, solidifying its position at 59th place among the top 100 cryptocurrencies on the market.
Featured image from Shutterstock, chart from TradingView.com
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