Floki goes beyond just being a memecoin by offering its users digital accounts, debit cards, and educational resources.
The development team behind Floki Inu, a memecoin with a dog theme, has released its 2024 roadmap, outlining a number of new features and utility-focused projects. This includes digital banking accounts that are regulated and that allow users to fund bank accounts with FLOKI tokens. The roadmap also notes the launch of the Floki debit card, the integration with the Venus decentralised finance (DeFi) protocol, and the impending release of the Valhalla mainnet.
These digital banking accounts would enable SWIFT payments and Single Euro Payments Area International Bank Account Numbers (SEPA IBANs), partnering with an unidentified licenced fintech company that operates in key locations such as Canada, Spain, Dominica, Australia, and the UAE.
Furthermore, with the upcoming release of Floki Debit Cards, users will be able to link their digital bank accounts with debit cards, providing a safe and easy way to utilise their FLOKI tokens for traditional currency transactions in the euro (EUR) and US dollar (USD).
As to the plan, the objective of the effort is to increase the utility and adoption of cryptocurrency by providing a wider range of users with traditional banking services through the usage of their FLOKI tokens.
Floki Inu plans to list its native token, FLOKI, in the Venus Core Pool, pending governance certification. As with other well-known cryptocurrencies, the goal of this project is to increase liquidity by allowing FLOKI holders to use their tokens as security when borrowing different assets such as Ether (ETH), BNB (BNB), Maker (DAI), and Circle’s USDC stablecoin.
The protocol guarantees easy access to the platform’s liquidity by integrating Venus Markets directly into Floki’s user interface (UI), hence further integrating Floki into the decentralised finance ecosystem. Floki Inu plans to introduce a cross-chain trading bot powered by the FLOKI token on Telegram and Discord. Users can exchange bitcoins across large blockchain networks with its help. Notably, FLOKI tokens will be purchased and burned with half of the fees collected going towards this purpose, improving their usefulness and promoting a deflationary strategy.
Finally, the much-anticipated mainnet launch of Valhalla, Floki Inu’s main utility and metaverse game, is scheduled to occur. A PlayToEarn system, customisable NFTs, on-chain gaming elements, and a large open-world setting are all part of Valhalla’s mainnet offerings.
The public was issued a warning on the “Floki Staking Programme” and the “TokenFi Staking Programme” by the Hong Kong Securities and Futures Commission (SFC) in January. These products offer staking services, with annualised returns ranging from above 100% to 30%, according to the SFC. That being said, they are not authorised for public sale in Hong Kong.