Floki Inu partnered with ApeSwap, can this boost its value?

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floki inu (floki) coin

Floki Inu (FLOKI/USD) is essentially a dog-themed meme cryptocurrency inspired by competing tokens such as Shiba Inu (SHIB/USD) and Dogecoin (DOGE/USD).  

In fact, the coin is named after Tesla and SpaceX’s Chief Executive Officer, Elon Musk’s dog. Floki Inu stands out due to the fact that it aims to become its entire ecosystem.

This includes the development of a non-fungible gaming token (NFT) metaverse known as Valhalla, an NFT and merchandise marketplace called FlokiPlaces, as well as a content and educational platform called Floki University.

The ApeSwap partnership as a catalyst for growth

On August 16, 2022, Floki Inu made an official announcement on their Twitter page that they are partnering up with ApeSwap as a means of allowing users to purchase FLOKI at a discount.

This will be conducted through the utilization of the new, sustainable liquidity mining (SLM) program. 

This SLM program, according to the Floki Inu team, utilizes yield-bearing NFTs known as Treasury Bills. These can be purchased through the usage of Liquidity Provider (LP) tokens as a means of receiving tokens at a discount.

Then, in order to create liquidity, users simply sell these Treasury Bills. This could lead to an increased appeal for the FLOKI token, which can lead to a higher value.

Should you buy Floki Inu (FLOKI)?

On August 17, 2022, Floki Inu (FLOKI) had a value of $0.00001566.

floki cmc

To get a better perspective as to what this value represents for FLOKI, we will go over its all-time high point of value and its performance in July.

Floki Inu (FLOKI) had its all-time high on November 4, 2021, at a value of $0.00033651.

Going over the performance in July, Floki Inu (FLOKI) had its lowest point of value on July 1 at $0.000005346.

Its highest point of value was on July 31 at a value of $0.00001573.Here we can see that throughout the month, FLOKI grew in value by $0.000010384 or by 194%.

With this in mind, we can expect FLOKI to reach a value of $0.00002 by the end of August 2022, and its latest partnership with ApeSwap makes FLOKI an appealing token to buy, which you can do so here.

The post Floki Inu partnered with ApeSwap, can this boost its value? appeared first on Invezz.

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