What Is Baby Moon Floki (FLOKI)?

Baby Moon Floki is intended for meme coin traders. Often developed as a joke, a meme coin is a cryptocurrency based on a meme. The goal of the platform is to become a decentralized meme project with the purpose of providing the meme coin traders looking for hype. Also, BMFloki’s mission is to introduce popular crypto concepts to the mainstream.

According to the whitepaper, the platform aims to introduce holders to next-gen concepts like non-fungible tokens (NFTs), participation rewards, decentralized exchanges (DEX), and more. BMFLoki encourages open communication. Also, the community believes transparency, trust, and community are the three pillars to building longevity. In fact, trust here means complete transparency. To maintain the trust, the platform has been audited by third-party dessert finance. Also, BMFloki has burned and locked the majority of the LP (liquidity pool) tokens. Liquidity pools allow users to trade crypto on decentralized exchanges and other decentralized finance (DeFi) platforms. In fact, crypto burning also brings security to the platform and reduces the risk. Cryptocurrency burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burned to reduce availability and increase market value.

Next comes the community which is everything for the platform. As a matter of fact, BMFloki strives to include everyone from around the globe. Longevity is equally important for the platform. The decentralized community supports the long-term development of the ecosystem. The platform seeks to offer a reward for each active user transaction.

Supported by Elon Musk, Baby Moon Floki (FLOKI) is a hyper-deflationary token. Hyper-deflationary tokens reward dedicated community members by increasing the value of their holdings. FLOKI has a smart exchange system built into the ecosystem. One of the key functionalities of the token is the decentralized usage rewards mechanism. The more FLOKI is actively used, the more rewards holders seek to earn. In fact, the platform aims to automatically send rewards directly to the wallet. Also, FLOKI is powered by Binance Smart Chain. BSC or the Binance Smart Chain is described as a blockchain that runs parallel to the Binance Chain and boasts smart contract functionality. Smart contracts are just like regular contracts. However, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. The Baby Moon Floki community intends to bring the token to the moon.

History

FLOKI was launched on October 8, 2021. The token’s maximum total supply is 100 quadrillion.