The team responsible for the popular dog-themed memecoin, Floki Inu (FLOKI), has revealed its plans for the year 2024, showcasing a range of exciting upcoming features and initiatives focused on utility. These plans include the introduction of regulated digital banking accounts, allowing users to create and fund bank accounts using FLOKI tokens.
Additionally, the roadmap highlights an integration with the Venus decentralized finance (DeFi) protocol, the launch of the Floki debit card, and the upcoming release of the Valhalla mainnet.
To facilitate the digital banking accounts, Floki Inu has partnered with a licensed fintech firm operating in strategic locations such as Canada, Spain, Dominica, Australia, and the United Arab Emirates. These accounts will enable Swift payments and Single Euro Payments Area International Bank Account Numbers.
The introduction of Floki debit cards will further enhance the user experience by allowing individuals to connect their digital bank accounts with the debit cards. This will enable them to use their FLOKI tokens for transactions in traditional currencies like the euro and the United States dollar.
Pending governance approval, Floki Inu plans to list its native token, FLOKI, on the Venus Core Pool. This move aims to improve liquidity and allow FLOKI holders to use their tokens as collateral for borrowing other assets such as Dai (DAI), USD Coin (USDC), BNB (BNB), and Ether (ETH).
By integrating Venus Markets into Floki’s user interface, the protocol aims to provide seamless access to liquidity, further solidifying Floki’s position in the decentralized finance ecosystem.
The team also has plans to launch a cross-chain trading bot on popular platforms like Telegram and Discord. This trading bot, driven by the FLOKI token, will enable users to trade cryptocurrencies across different blockchain networks. Moreover, half of the generated fees will be used to buy and burn FLOKI tokens, benefiting token holders.
Furthermore, Floki Inu will be launching Valhalla, a metaverse game, on the mainnet. Valhalla will offer on-chain gaming features, a pay-to-earn system, customizable nonfungible tokens, and an expansive open-world environment.
It’s worth noting that in January, the Hong Kong Securities and Futures Commission issued a warning to the public about the “Floki Staking Program” and “TokenFi Staking Program.” These products offered staking services with promises of annualized returns ranging from 30% to over 100%. However, they were not authorized for public sale in Hong Kong.
As the world of memecoins continues to evolve and gain popularity, it’s important to carefully consider the risks and potential pitfalls associated with these investments.