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Floki entered into a partnership with OKX Chain and together, they’ll be launching FlokiFi Locker on the OKX Chain mainnet.
OKX Chain
OKX chain is an open source blockchain that primarily focuses on trading while being compatible to be used as a platform for decentralized applications as well as decentralized exchanges. The chain effortlessly supports decentralized applications at a lower cost and is a preferred chain for most blockchain-related applications.
OKX has a renowned blockchain architecture that has supported more than 2.36 million addresses and 122 million transactions so far. The network is also supported by a strong community with over 200k followers on Twitter.
The Partnership
Floki announced that OKC will be one of the first major chains to support FlokiFi Locker. This comes after recent news where Floki partnered with the KuCoin Community Chain to launch the same asset locker protocol.
The chain’s developer-friendly support and network access have been cited as a few reasons Floki went with the OKX ecosystem. They will also be launching more such products on the chain. As they plan to disrupt the DeFi space with the help of the strong architecture that OKC provides. Both teams will be working closely on current and future projects.
FlokiFi Locker
FlokiFi Locker is a crypto locker enabling developers and users to securely lock Liquidity Pool (LP) tokens, NFTs, and fungible tokens. It is one of the primary products of Floki’s and provides utility to the users. It is backed by the FLOKI token and the strong name that comes with the brand. In addition to that, it is also the only locker protocol to integrate the ERC-1155 standard.
Folki Inu has its own NFT metaverse game, Valhalla, that is based on the play-to-earn concept enabling users to earn rewards by participating in the gameplay. FLOKI is the native token of the network that also serves as an in-game currency, which can be used to purchase digital assets in the game. The brand also has many other projects that individuals interested in DeFi may find interesting.
Floki also has an active partnership with a Formula 1 team and many other partnerships with 8 other international football brands. These partnerships have helped the brand become a familiar name in the ecosystem- outperforming its competitors.
Memecoin With Greater Utility- Tamadoge
With the advent of memecoins, investors and speculators were exposed to an entirely distinct trading instrument, and a few of them were able to extract outsized returns from this phenomenon. However, these memecoins soon started to lose their appeal because of the lack of utility they provided. Memecoins, for the most part, were only speculative instruments and nothing else.
Nowadays, investors are constantly on the search for memecoins that offer credible utility, and a new memecoin, Tamadoge, is only growing to be the hottest topic of discussion among investors.
Tamadoge is a new play-to-earn cryptocurrency that aims to be the number one memecoin, and so far, it appears to be following the trajectory really well.
Tamadoge introduces a play-to-earn crypto game, where users can earn rewards by battling their pets in the metaverse. Initially, players have to breed and take care of their pets and once they’re adults, they can then participate in battles with other pets.
On winning these battles, a player will be able to earn Dogepoints and climb the leaderboard. Consequently, the winners from the leaderboard will be rewarded with TAMA, the official token of the ecosystem, which can also be used to purchase items from the Tamastore.
The presale for the TAMA tokens is currently live and they’ve raised more than $10 million so far. Investing in the token can be done on the official website.
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