Shiba Floki is a meme token on the Binance Smart Chain, which considers itself a descendant of meme father, Dogecoin. Meme tokens are cryptocurrencies inspired by memes or jokes on the internet. The project is new both in terms of market value and the project's progress. Though the project is a fun meme, it is launched with a mission. The whitepaper suggests that Shiba Floki aims to rescue dogs in need by donating a specific percentage. In addition, the company wants to encourage crypto adoption by introducing concepts like rewards distribution, NFTs, decentralized exchanges (DEXs), and providing ease of payment through a credit card on the website.

The project was built on Binance Smart Chain because it offers much greater speed and efficiency. Binance also provides dual-chain interoperability, allowing cross-chain communication. BSC is an easy-to-scale solution with several high-performance decentralized applications (DApps). Moreover, Shiba Floki has an NFT marketplace where the creators can create and auction their NFTs. The play-to-earn games on the platform seek to allow users to earn while having fun. The core values aiming to support the company's vision are transparency, trust, longevity, and community orientation.

FLOKI is the native token of the platform and is a hyper-deflationary token with a smart sharing system. Hyper-deflationary tokens seek to reward token holders with an increased value of their holdings. An increase in demand for these tokens tends to scale the supply downward, increasing the token's value. More tokens are added to the user's wallet with each transaction. A 5% commission is added to the token holder’s account after every transaction that they can track in the paw wallet as reflections. Of each transaction, 2.5% is used to add liquidity to the platform.

The platform also has a charity wallet to donate some percentage to the charity partners. The company also seeks to build dog shelters for homeless dogs as per the roadmap.

Dessert Finance audited the smart contracts of Shiba Floki. 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.

Shiba Floki was launched on June 1, 2021. The maximum total supply of FLOKI tokens is one quadrillion tokens.