- FlokiFi locker upgrade integrates payments, referral programs, and burn functionality, boosting ecosystem growth.
- Integration with top lending protocol reduces sell pressure, allowing FLOKI holders to borrow against their tokens.
- Floki market experiences bullish momentum, reaching a 7-day high of $0.00002919.
FlokiFi locker, the central element of the Floki ecosystem, has announced a slew of updates. Recently submitted to Certik for review, the upgrade reportedly integrates native payments, referral programs, burn functionality, and lock extensions. Moreover, it supports V3 Positions LPs, making it the most significant advancement in the FlokiFi locker’s journey.
Lending and Borrowing With $FLOKI Tokens
Another development lies in integrating with the BNB chain’s top lending protocol. Once the final parameters are set, Floki holders can borrow stablecoins and other crypto assets against their $FLOKI tokens. Consequently, this integration significantly reduces sell pressure, enabling holders to use their tokens as collateral instead.
#FLOKI 2023 ROADMAP UPDATEWe are VERY CLOSE to delivering on several key promises on the $FLOKI 2023 roadmap, so we believe an update is long overdue to show where we are at.Here is a quick overview of some of the exciting things our devs are working on behind the scenes that… pic.twitter.com/EjGj284jCk— FLOKI (@RealFlokiInu) June 22, 2023
Staking, a crucial component, has been live on the testnet for some time. According to the Floki team, half a dozen Floki developers and testers are working to ensure proper functioning, focusing on all detail to prevent bugs. This rigorous approach to staking will make it an appealing prospect for every $FLOKI holder.
FlokiFi Redesign and Project TL
The Floki team has stated that the user experience is about to leap forward with the imminent FlokiFi redesign. It aims to make FlokiFi Locker the industry’s most user-friendly locker protocol. Besides that, the all-new Project TL protocol is undergoing rigorous testing on the testnet, bringing closer the making of crypto ventures more accessible to everyone.
Finally, Valhalla, Floki’s flagship product, will soon come to life on the mainnet, featuring an Open World, a $FLOKI-integrated in-game economy, Battle Arenas, and a Chinese version to tap into the expanding gaming and crypto interest from China.
Floki Market Analysis
Bulls lifted the price from a 24-hour low of $0.000026 to a new 7-day high of $0.00002919. As of press time, the bullish domination in the Floki market was still in effect, resulting in a 1.22% increase from its previous closing to $0.00002694.
If bullish momentum breaks through the $0.00002919 barrier, the next level to monitor is $0.000031. However, a regression toward the $0.000025 support level may be witnessed if bears seize the market.
During the bull run, Floki’s market capitalization and 24-hour trading volume increased by 1.11% and 31.22%, respectively, to $254,897,227 and $113,640,697.
FLOKI/USD 24-hour price chart (source: CoinMarketCap)
In conclusion, the Floki ecosystem’s advancements and positive market trends indicate an interesting future for $FLOKI.
Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.
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