Floki Inu Unveils Blueprint for Regulated Bank Accounts

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Floki, the popular dog-themed memecoin is introducing regulated digital banking accounts, marking a significant step towards expanding the cryptocurrency’s functionality beyond speculative trading. The development team, in a post on Medium says it is part of their ambitious roadmap for 2024.

Floki’s Expansion Scope

The team also outlined a series of upcoming features and initiatives aimed at enhancing utility and adoption. In addition to regulated banking accounts, Floki’s blueprint includes plans for integration with the Venus decentralized finance (DeFi) protocol, the introduction of Floki debit cards, as well as the much-anticipated release of the Valhalla mainnet.

With the Floki debit cards, users will be able to seamlessly connect their digital bank accounts with debit cards. This will provide a convenient way to use FLOKI tokens for transactions in traditional currencies such as euro (EUR) and U.S. dollars (USD). The initiative aims to bridge the gap between cryptocurrency and traditional finance, making it easier for users to access and utilize their digital assets in regular daily transactions.

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Floki Integrates with Venus DeFi Protocol

Furthermore, Floki plans to list its native token on the Venus Core Pool. The goal is to enhance liquidity and enable FLOKI holders to use their tokens as collateral for borrowing various assets within the Venus ecosystem. Experts say this will further boost Floki as it has demonstrated outstanding price performance, with its value climbing from $0.0000537 to $0.000298 since March 2024 began.

The development team’s roadmap also includes the launch of a cross-chain trading bot on Telegram and Discord, which allows users to trade cryptocurrencies across different blockchain networks. Meanwhile, a portion of the fees generated by the trading bot will be used to buy and burn FLOKI tokens, contributing to a deflationary mechanism and potentially increasing token value over time.

To implement the blueprint, Floki is in a strategic partnership with a yet-to-be-disclosed licensed fintech firm operating across multiple jurisdictions, including Canada, Spain, Dominica, Australia, and the UAE.

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Valhalla Mainnet Launch

Finally, the much-anticipated launch of Valhalla, Floki’s primary utility and metaverse game, is scheduled to take place on the mainnet. Valhalla will offer on-chain gaming features, a Play-2-Earn system, customizable NFTs, and an immersive open-world environment.

Floki made headlines recently when it surged over 100% thanks to a proposal to burn 2% of the token’s supply, which almost 90% of holders voted for the burn and token removal from circulation. On that occasion, Valhalla was the gaming metaverse used to float it.

Although Floki Inu’s development team has revealed an ambitious plan, the company still has the regulatory authorities to contend with. In January for instance, the Securities and Futures Commission (SFC) of Hong Kong released a public advisory highlighting the potential dangers linked to investment offerings titled “Floki Staking Program” and “TokenFi Staking Program.”

To implement the blueprint, Floki is in a strategic partnership with a yet-to-be-disclosed licensed fintech firm operating across multiple jurisdictions, including Canada, Spain, Dominica, Australia, and the UAE.

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