How To Buy Floki Inu (FLOKI)?

A common question you often see on social media from crypto beginners is “Where can I buy Floki Inu?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Floki Inu (FLOKI)

First, you will need to open an account on a cryptocurrency exchange that supports Floki Inu (FLOKI).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Floki Inu (FLOKI) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Floki Inu (FLOKI)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Floki Inu (FLOKI) or Floki Inu (FLOKI) trading pairs. Look for the section that will allow you to buy Floki Inu (FLOKI), and enter the amount of the cryptocurrency that you want to spend for Floki Inu (FLOKI) or the amount of fiat currency that you want to spend towards buying Floki Inu (FLOKI). The exchange will then calculate the equivalent amount of Floki Inu (FLOKI) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Floki Inu (FLOKI) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

Alternative ways to buy Floki Inu (FLOKI)

Because the project is very new, it is only offered directly on a select number of exchanges. If you’re not comfortable connecting your bank account to any of these smaller exchanges, or if you cannot connect your bank account to them for geographical reasons. Then you can instead create an account on any of the major exchanges and simply transfer the funds from there.
Out of the major exchanges we recommend the following based on functionality, reputation, security, support and fees:

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Floki Inu (FLOKI) is a relatively new cryptocurrency project that was launched in the summer of 2021. Inspired by Elon Musk’s Shiba Inu puppy, the Floki Inu team aims to create a “utility-focused meme coin” with several use cases beyond just being a fad. They have developed a massive community of supporters and are working towards providing solid utility to their coin holders.

One of the ways the Floki Inu team is achieving this goal is by jumping on the non-fungible token (NFT) bandwagon, which has become increasingly popular among both crypto investors and artists. The FLOKI community is known as the Vikings, and the project’s roadmap includes an “NFT gaming metaverse” called Valhalla. This approach is a strategic move that could pay off for the project and its investors.

Additionally, the Floki Inu team is working on creating an NFT and merchandise marketplace called FlokiPlaces. The aim is to bolster the meme coin’s use case as a payment method, and they have already partnered with CryptoCart and XCUR to provide FLOKI holders with the ability to make purchases at 1,700 merchants. This move will provide a tangible utility for FLOKI that extends beyond just trading and holding.

The Floki Inu team has also partnered with the Million Gardens Movement, led by Elon Musk’s brother, Kimbal. Together, they aim to tackle food insecurity in the world. By supporting this project, the Floki Inu team is demonstrating their commitment to social responsibility and creating real-world impact.

The success of Dogecoin, which is also a meme coin with a Shiba Inu as its mascot, has undoubtedly influenced the development of FLOKI. The Floki Inu team bills the project as the “third-biggest meme-coin after Dogecoin and Shiba Inu,” and with 100,000 holders, they are off to a solid start. If they can replicate Dogecoin’s success, it will undoubtedly pay off nicely for investors.

Overall, Floki Inu is an interesting project that seeks to go beyond being just another meme coin. With their focus on utility and real-world impact, they are positioning themselves for long-term success.

Who Are the Founders of Floki Inu?

The Floki Inu project was founded by a group of crypto influencers who operate under pseudonyms. The founders of the project are B, PetaByte Capital, Sabre, and MrBrown Whale. While their identities remain anonymous, the team behind Floki Inu has been public and accessible to their community.

The project’s lead developer is Jackie Xu, who is a well-respected figure in the blockchain industry with over a decade of experience. According to the Floki Inu team, Xu is a doxxed figure, meaning that his identity has been revealed, and his credentials can be verified.

The Floki Inu team is committed to transparency and has announced that their NFT gaming metaverse, Valhalla, is being developed by a team of 11 people, with over 50 years of combined team experience. They have plans to expand their team to 20 members soon, indicating their commitment to building a strong foundation for their project.

It’s worth noting that the pseudonymous nature of the Floki Inu founders raises some concerns about accountability and transparency. However, the fact that the team has been public and accessible to their community thus far, combined with the reputation and experience of the lead developer, can provide some assurance to potential investors.

The History of FLOKI

Floki Inu (FLOKI) was created in response to a tweet from Elon Musk on June 25, 2021. In the tweet, Musk announced that he would be adopting a Shiba Inu puppy and that its name would be Floki. Little did he know that his statement would lead to the creation of a new pupcoin with the same name as his anticipated puppy.

The team of developers behind Floki Inu quickly seized the opportunity to create a new dog-themed token, taking advantage of Musk’s influence on the price movement of meme coins. By September 12, 2021, when Elon Musk announced that his family had finally adopted the puppy, FLOKI was already trading on the market.

The rapid development and launch of FLOKI demonstrate the power of social media and the impact of celebrity endorsements on the cryptocurrency industry. However, it is essential to note that FLOKI’s success is not solely reliant on Musk’s tweet, but also the utility and use cases that the project provides.

The Floki Inu team has demonstrated a commitment to building a solid foundation for their project, focusing on real-world use cases and partnerships to provide utility beyond just being a meme coin. They have plans to develop an NFT gaming metaverse, a marketplace, and have partnered with the Million Gardens Movement to tackle food insecurity.

How is FLOKI Different Than DOGE and SHIB?

Floki Inu (FLOKI) is a relatively new cryptocurrency project that claims to be different from DOGE and SHIB. While DOGE and SHIB are both meme coins, FLOKI aims to shift away from the meme coin narrative and become something more by providing a native marketplace, dubbed FlokiPlaces, and focusing on building utility.

FLOKI has amassed over 230,000 holders (at the time of this writing) and aims to link its rapidly growing user base with the project’s utility. The project is focused on creating a platform that is useful while organizing a close-knit community of holders who are rewarded for staking their tokens.

Unlike DOGE and SHIB, FLOKI is not solely focused on being a meme coin but is working on building its utility. The project is currently working on three flagship utilities, including an NFT gaming metaverse, an NFT and merchandise marketplace, and an education platform. These utilities are designed to provide tangible benefits to FLOKI holders beyond just trading and holding.

FLOKI’s focus on utility and creating a platform that is useful for its users is what sets it apart from DOGE and SHIB. While DOGE and SHIB have a large following and a strong community, they do not provide much utility beyond being meme coins. In contrast, FLOKI’s commitment to building a utility-focused platform positions it for long-term success and sets it apart from other meme coins.

Floki Inu Ecosystem

NFT and Merchandise Marketplace: FlokiPlace

Floki Inu (FLOKI) is working on developing an NFT and merchandise marketplace called FlokiPlace. The marketplace is expected to be a fully functional crypto commerce platform that will allow users to trade various merchandise, collectibles, and NFTs using FLOKI as the main native currency.

FlokiPlace is an ambitious project that aims to provide a marketplace for FLOKI holders to use their tokens beyond just trading and holding. It will allow users to exchange various items using FLOKI as the primary currency. This approach will provide real-world utility for FLOKI and could attract more users to the project.

The Floki Inu team is committed to providing a platform that is useful for its users, and FlokiPlace is another example of this commitment. The marketplace is expected to officially launch before the end of 2021, and it will be interesting to see how it is received by the crypto community.

Content Education Platform: Floki Inuversity

Floki Inu (FLOKI) is working on developing an educational platform called Floki Inuversity. The project aims to create a de-facto platform for anyone looking to learn more about cryptocurrency. The Floki Inu team intends to develop the platform with the biggest database of crypto content that everyone on the internet can have access to using FLOKI as a means of payment.

The Floki Inuversity is an exciting project that could provide much-needed education about cryptocurrency to the wider public. By providing access to high-quality crypto content, the platform could attract more users to the project and help to build a stronger community. The use of FLOKI as a means of payment could also provide real-world utility for the project and further drive adoption.

The Floki Inu team is actively involved in its global marketing push, with several ads placed in strategic locations in different countries across the globe. For example, the project’s ads are already live on the London Underground across 300 London buses with the caption “Missed DOGE? Get $FLOKI.” This approach demonstrates the team’s commitment to promoting the project and attracting more users to the platform.

NFT Gaming Metaverse: Floki Valhalla

Floki is designing a non-fungible token (NFT) gaming metaverse known as Valhalla, which will feature a play-to-earn business model, on-chain gaming interactions, and upgradeable NFTs.

Floki Valhalla is FLOKI’s NFT Metaverse game that will be powered by the FLOKI token. Floki Valhalla will feature A-level game mechanics on the blockchain. This includes on-chain gaming interactions and upgradeable NFTs.

Floki Valhalla’s robust PlayToEarn mechanics will feature:

• A gardening system.
• In-game characters, the first announced one is known as Vera.
• A robust battle system.
• An in-game ship system.
• An item system.

These PlayToEarn mechanics will allow users to earn and collect FLOKI tokens by playing Valhalla, thereby making Valhalla a viable way for millions of people to generate extra income.

Players will be able to communicate, monitor each other’s progress, and encounter one another in the Valhalla Metaverse.

Floki Valhalla Will Be Powered By FLOKI Tokens

Floki Valhalla is designed to take a huge chunk of FLOKI tokens out of circulation and into the Valhalla ecosystem as adoption increases, since FLOKI is going to be the main currency of the Valhalla world.

The only way to buy in-game items in Valhalla will be with in-game tokens (which will be FLOKI or can only be bought with FLOKI).

Floki Valhalla will also incentivize people to spend FLOKI to advance through the game more easily. This enhances utility and drives actual demand for the FLOKI token.

Floki development updates in 2023

In 2023, Floki Inu (FLOKI) has rolled out an ambitious and multifaceted roadmap, signaling significant developments in its ecosystem. These updates and expansions are primarily centered around four key areas:

• Development of Flagship Utility Projects: Floki Inu is focusing on the development of its flagship utility projects. These include Shop Floki, FlokiFi Project (a suite of DeFi products), FlokiPlaces (an NFT and merchandise marketplace), the University of Floki, a Chinese White Paper, and an upgraded Valhalla website​​.

• FlokiFi Project: The FlokiFi project, scheduled for release in Phase 3 of the roadmap, stands out as a crucial integration. It is expected to include a ‘mystery project’ that is anticipated to play a significant role in the Floki ecosystem​​​​.

• TokenFi Launch: Floki has launched TokenFi, a crypto and asset tokenization platform, along with its native asset TOKEN. This initiative aims to position Floki in the growing tokenization industry, projected to reach a $16 trillion valuation by 2030. The TokenFi platform is expected to enhance Floki’s capabilities in the realm of digital asset tokenization​​.

• Roadmap Implementation in Four Phases: Floki’s 2023 roadmap is being implemented in four phases. Some of the achievements in the first phase include partnerships and integrations, such as the Floki Binance Pay partnership and the deployment of the FLOKI token on the OKX Chain. The roadmap also includes plans for DeFi lending, borrowing, staking, and the significant integration of the FlokiFi Project TL​​.

These developments have not only expanded Floki Inu’s functionalities but also positively influenced its market performance. There has been a notable surge in FLOKI’s price, which is attributed to the excitement generated by these updates and the roadmap for 2023​​.

The ambitious nature of these updates reflects Floki Inu’s commitment to becoming a more widely used cryptocurrency project and competing with major players in the blockchain and DeFi space. The focus on utility, innovation, and expansion indicates a strategic move beyond its origins as a meme token, aiming for a more substantial role in the cryptocurrency market.

Official website: https://www.floki.com/

Best cryptocurrency wallet for Floki Inu (FLOKI)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you. In our opinion, the best wallet for Floki Inu is SimpleHold.io. Not only do they support the Floki community, they collaborate with the community on a regular basis, so keep an eye out for their future events.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Floki Inu (FLOKI)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).