Flokinomics (FLOKIN) is an NFT marketplace that runs on Binance Smart Chain or BNB, Binance Chain. FLOKIN is the native token offering of the platform. Flokinomics seeks to use FLOKIN as a rebase token. A rebase token or an elastic supply regulates its circulating supply automatically according to the fluctuations in the cryptocurrency value.

According to its whitepaper, Flokinomics aims to employ an elastic supply for the circulation of FLOKIN. The release of elastic supply tokens varies depending upon the asset's value in the market. Flokinomics seeks to use a set algorithm for FLOKIN circulation and plans to employ a unique rebasing mechanism to supply tokens in the market. Algorithms are instructions given to a computer to solve a problem or complete a task.

Usually, rebasing mechanism increases or decreases the supply of tokens in the market to regulate the value. However, Flokinomics aims to use a unique mechanism by increasing the basic rate of the token to regulate value in the market.

Flokinomics plans to allocate 5 percent of token supply as rewards, 2 percent for developers and team, 3 percent as liquidity, and 5 percent for marketing purposes. The network is currently working on version 2 of the NFT marketplace on the Binance Smart Chain.

The launch of Flokinomics was in 2021.

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