The development team behind dog-themed meme coin Floki Inu has unveiled its long-awaited road map by 2024, revealing several upcoming features and initiatives focused on public services.
Highlights include the launch of regulated digital bank accounts, integration with the Venus decentralized finance (DeFi) protocol, the introduction of the Floki debit card, and the upcoming launch of the Valhalla mainnet.
Floki Inu aims 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 anonymously licensed fintech company operating in key jurisdictions such as Canada, Spain, Dominica, Australia and the United Arab Emirates, these accounts will support SWIFT and IBAN SEPA payments.
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 the euro (EUR) and the US dollar ( USD).
According to the proposal, the initiative aims to “bank the unbanked” by allowing a broader user base to access traditional banking services using its FLOKI tokens while also increasing the utility and adoption of cryptocurrency.
Pending governance approval, Floki Inu is also looking to list its native token, FLOKI, on the Venus Core Pool. This integration aims to unlock deeper liquidity, comparable to that established top 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 financial ecosystem.
Trading Robot Launched Powered by FLOKI and Valhalla Mainnet
Floki Inu plans to introduce a Telegram and Discord cross-chain 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 purchase and burn FLOKI tokens, increasing their utility and contributing to a deflationary mechanism.
Finally, there will be the highly anticipated mainnet launch of Valhalla, Floki Inu's flagship utility and metaverse game. Valhalla on Mainnet will feature chain-play 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 overall market trend. This correction has resulted in the current trading price of $0.0002295 for the FLOKI token.
Despite the recent bearish trend, it is worth noting that FLOKI has still achieved notable year to date 440% gain. This substantial increase in value has boosted the token's market capitalization to $2 billion, solidifying its position at 59 among the top 100 cryptocurrencies in the market.
Featured image from Shutterstock, chart from TradingView.com
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