[{"data":1,"prerenderedAt":348},["ShallowReactive",2],{"api/learn-center-post-en-what-is-floki":3,"footer-en":59,"learn/cryptocurrency-guide/what-is-floki-en-seo":257,"navigation-en-learn-center":262,"api/learn-categories-en":309},{"seo":4,"locale":28,"breadcrumbs":29,"excerpt":37,"featuredImage":38,"components":41,"title":5,"formattedPublishedAt":52,"geofencings":53,"category":54,"pagination":56,"campaignExternalId":8},{"title":5,"metaTitle":6,"metaDescription":7,"keywords":8,"metaRobots":8,"structuredData":9,"metaImage":10,"metaSocial":18,"canonicalURL":8,"localizations":19},"What is Floki? (FLOKI)","What is Floki? (FLOKI) - Cryptocurrency Guide","What is Floki? How does FLOKI work? Read our guide to the dog-themed memecoin and start trading FLOKI ",null,{},{"url":11,"mime":12,"ext":13,"width":14,"height":15,"name":16,"alt":17},"bitstampImageUrl/What_is_Floki_1png_44bfa99a31_7832cfed72.png","image/png",".png",900,451,"What_is_Floki_1png_44bfa99a31.png","",[],[20,23,26],{"pathname":21,"locale":22},"/en-gb/learn/cryptocurrency-guide/what-is-floki/","en-GB",{"pathname":24,"locale":25},"/es/learn/cryptocurrency-guide/what-is-floki/","es",{"pathname":27,"locale":28},"/learn/cryptocurrency-guide/what-is-floki/","en",[30,34],{"id":31,"text":32,"url":31,"asUrl":33},"/learn/cryptocurrency-guide/","Cryptocurrency guide",true,{"id":35,"text":5,"url":27,"asUrl":36},"what-is-floki",false,"\u003Cp>Floki is a dog-themed memecoin named after Elon Musk’s Shiba Inu self-described as “the people’s cryptocurrency.”\u003C/p>\n",{"url":39,"mime":12,"ext":13,"width":14,"height":15,"name":40,"alt":17},"bitstampImageUrl/What_is_Flokipng_5ab8c85096_5aeffd7523.png","What_is_Flokipng_5ab8c85096.png",[42],{"component":43,"props":44,"content":45,"secondaryContent":49,"ctas":50,"secondaryCtas":51,"ctasNoMarginTop":36},"section.full-text",{"centered":36,"withoutSectionContainer":36},{"text":46,"width":47,"align":48},"\u003Cp>Before \u003Ca href=\"/learn/cryptocurrency-guide/what-is-ethereum-eth/\">Ethereum\u003C/a> took its longstanding #2 position to \u003Ca href=\"/learn/cryptocurrency-guide/what-is-bitcoin-btc/\">Bitcoin\u003C/a>, a dog-themed \u003Ca href=\"/learn/crypto-101/what-are-memecoins/\">memecoin\u003C/a> joined the first wave of crypto. Launched in 2013 by two developers with a sense of humor, \u003Ca href=\"/learn/cryptocurrency-guide/what-is-dogecoin-doge/\">Dogecoin\u003C/a> was simply a joke coded into reality. DOGE’s creators never knew that their project would inspire a pack of canine coins like \u003Ca href=\"/learn/cryptocurrency-guide/what-is-shiba-inu-shib/\">Shiba Inu\u003C/a> (SHIB), Samoyedcoin (SAMO), and many others that followed.\u003C/p>\n\u003Cp>Floki was created in 2021, during a bull market where memecoins thrived. The token was originally introduced as an \u003Ca href=\"/learn/crypto-101/what-is-erc20/\">ERC-20 token\u003C/a> on the Ethereum \u003Ca href=\"/learn/blockchain/what-is-a-blockchain/\">blockchain\u003C/a>, and was later expanded to the Binance Smart Chain. \"The people’s cryptocurrency” was launched with the aim to capitalize on \u003Ca href=\"/learn/web3/what-is-decentralized-finance-defi/\">decentralized finance\u003C/a> (DeFi) offerings, \u003Ca href=\"/learn/web3/what-are-nfts-non-fungible-tokens/\">non-fungible tokens\u003C/a> (NFTs), and a tailor-made game based on FLOKI’s \u003Ca href=\"/learn/crypto-101/what-is-tokenomics/\">token economics\u003C/a>. It has since fostered a community that pushed it easily into the top-100 cryptocurrencies by market cap.\u003C/p>\n\u003Ch2>How was Floki developed?\u003C/h2>\n\u003Cp>In late June 2021, \u003Ca href=\"/learn/people-profiles/elon-musk/\">Elon Musk\u003C/a> posted on Twitter that his “Shiba Inu will be named Floki,” ostensibly after the character in the popular TV show \u003Cem>Vikings\u003C/em>. The developers of Floki (then called “Floki Inu”) quickly took advantage of both the timely rise of the cryptocurrency market and the massive public attention paid to Musk. Their token took its design inspiration—and community-minded mission—from other Shiba Inu-themed coins, \u003Ca href=\"/markets/doge/usd/\">DOGE\u003C/a> and \u003Ca href=\"/markets/shib/usd/\">SHIB\u003C/a>. However, as a reference to its original namesake, the cartoon dog depicted as its symbol wears a stylized Viking helmet.\u003C/p>\n\u003Cp>Floki launched less than two weeks after Musk’s tweet—but not before experiencing its share of drama. According to posts from the development team, one of the original developers built code for a \u003Ca href=\"/learn/security/cryptocurrency-scams-and-fraud-prevention/\">rug-pull\u003C/a> (a type of scam) into FLOKI before being cast out. A second developer then stole tokens from the development team just before launch, prompting the rest of the team to build a new token \u003Ca href=\"/learn/crypto-101/what-are-smart-contracts/\">contract\u003C/a>. This rocky start led many to question if Floki would succeed, but it survived the early obstacles and its popularity rose. Development of Floki is led by Jackie Xu, a software engineer who has worked in the blockchain space since 2012.\u003C/p>\n\u003Cp>Since 2021, Floki has been active in its community-building as much as its growth in services. In addition to core DeFi, NFT, and gaming products, the team has also developed a Floki Name Service (like the \u003Ca href=\"/learn/cryptocurrency-guide/what-is-the-ethereum-name-service-ens/\">Ethereum Name Service\u003C/a>), trading bots, and made partnerships with third parties to strengthen its position in the market.\u003C/p>\n\u003Cp>The team has also spent money to market the token in traditional venues such as sports sponsorships and digital billboard advertising in Times Square, New York. Like those in the Dogecoin community, Floki “Vikings” (community members) have focused on charity efforts, including a pledge to build schools in developing countries.\u003C/p>\n\u003Ch2>How does Floki work?\u003C/h2>\n\u003Cp>The Floki ecosystem is a multi-part effort that spans some of the biggest themes in cryptocurrency. The token’s developers and community aim to bring utility to the token in several ways, including:\u003C/p>\n\u003Ch3>FlokiFi\u003C/h3>\n\u003Cp>A portmanteau of “Floki” and “finance” (modeled after “DeFi”), FlokiFi is an overarching term for the financial offerings powered by the FLOKI token. Its primary product is the FlokiFi Locker, which allows developers and users to lock \u003Ca href=\"/learn/web3/what-are-liquidity-pools/\">liquidity pool\u003C/a> (LP) tokens, NFTs, and fungible tokens (like \u003Ca href=\"/learn/crypto-101/what-is-erc20/\">ERC-20\u003C/a> tokens on Ethereum) for purposes of vesting and other functions. Transaction fees for this service help to refill the Floki treasury and control FLOKI’s tokenomics (see below).\u003C/p>\n\u003Ch3>Valhalla\u003C/h3>\n\u003Cp>Floki’s development community has developed a blockchain-based game powered by FLOKI. As an NFT metaverse game using in-game tokens, it is considered a part of the \u003Ca href=\"/learn/web3/what-is-gamefi-and-play-to-earn-p2e/\">game finance (GameFi)\u003C/a> industry. Valhalla’s theme references the token’s namesake, and players “play-to-earn” by creating players and capture and battle with creatures.\u003C/p>\n\u003Ch3>Other features\u003C/h3>\n\u003Cul>\n\u003Cli>\u003Cp>\u003Cstrong>TokenFi\u003C/strong> – sister project of Floki, which provides a suite of tools for creating new tokens and tokenizing \u003Ca href=\"/learn/crypto-101/what-are-real-world-assets-rwas/\">real world assets\u003C/a> (RWAs)\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>\u003Cstrong>NFTs\u003C/strong> – three special NFT collections that provide holders benefits within Floki’s ecosystem\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>\u003Cstrong>FlokiPlaces\u003C/strong> – a marketplace for NFTs and Floki-branded merchandise\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>\u003Cstrong>Floki University\u003C/strong> – a platform meant to educate the public about crypto and bring awareness to FLOKI\u003C/p>\n\u003C/li>\n\u003C/ul>\n\u003Ch2>How is the FLOKI token used?\u003C/h2>\n\u003Cp>FLOKI is used in the Floki ecosystem’s multiple products/services as a medium of exchange among individuals and smart contracts. For instance, in FlokiFi, 25% of all FLOKI transaction fees are burned (destroyed), while 75% goes to the Floki treasury. In Valhalla, it is used for playing, earning, and making in-game purchases.\u003C/p>\n\u003Cp>The token can also be used for \u003Ca href=\"/learn/blockchain/what-is-staking/\">staking\u003C/a>. Staked FLOKI allows users to earn the project’s sister token, TOKEN.\u003C/p>\n\u003Ch3>Tokenomics\u003C/h3>\n\u003Cp>There is a maximum total supply of 10 trillion FLOKI tokens. All tokens were released simultaneously onto the market. The community voted to burn 2% of the total supply in March 2024, decreasing the maximum supply. Additionally, tokens are burned through portions of FlokiFi’s transaction fees and the Telegram-based \u003Ca href=\"/learn/crypto-trading/what-are-crypto-trading-bots/\">trading bot\u003C/a>. Therefore, multiple mechanisms across Floki’s ecosystem create a deflationary pressure on the supply.\u003C/p>\n\u003Ch2>Conclusion\u003C/h2>\n\u003Cul>\n\u003Cli>\u003Cp>Floki (formerly Floki Inu) is a dog-themed memecoin available on multiple blockchains.\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>The FLOKI token has had a passionate, active development and user community that guides its directions; these have included, so far, DeFi, GameFi, and NFT efforts.\u003C/p>\n\u003C/li>\n\u003Cli>\u003Cp>All FLOKI have been released to the market, and there are multiple ways the token is “burned” to reduce its supply, creating deflation.\u003C/p>\n\u003C/li>\n\u003C/ul>\n","full","left",{"text":17},[],[],"July 24th, 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3TW",{},{},{"noFollow":36,"isExternal":36,"name":208,"value":17,"isEmail":36,"isPhoneNumber":36,"isText":33,"showOnDesktop":33,"showOnMobile":33,"attachment":209,"geofencings":210},"United Kingdom",{},{},{"title":212,"content":17,"items":213},"Contact",[214,219,223,227,231,235,240,245,250],{"noFollow":36,"isExternal":36,"name":215,"value":216,"isEmail":36,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":217,"geofencings":218},"Customer support","/customer-support/",{},{},{"noFollow":36,"isExternal":36,"name":220,"value":220,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":221,"geofencings":222},"info@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":224,"value":224,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":225,"geofencings":226},"press@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":228,"value":228,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":229,"geofencings":230},"support@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":232,"value":232,"isEmail":33,"isPhoneNumber":36,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":233,"geofencings":234},"complaints@bitstamp.net",{},{},{"noFollow":36,"isExternal":36,"name":236,"value":237,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":238,"geofencings":239},"+44 20 3868 9628","+442038689628",{},{},{"noFollow":36,"isExternal":36,"name":241,"value":242,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":243,"geofencings":244},"+1 800 712 5702","+18007125702",{},{},{"noFollow":36,"isExternal":36,"name":246,"value":247,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":248,"geofencings":249},"+352 20 88 10 96","+35220881096",{},{},{"noFollow":36,"isExternal":36,"name":251,"value":252,"isEmail":36,"isPhoneNumber":33,"isText":36,"showOnDesktop":33,"showOnMobile":33,"attachment":253,"geofencings":254},"+65 3105 1676","+6531051676",{},{},"\u003Cp>Please read the general \u003Ca href=\"/legal/risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Warning\u003C/a>, and \u003Ca href=\"/legal/uk-investment-risk-warning/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Risk Summary\u003C/a> for UK residents before investing in crypto-assets. \u003C/p>\n\u003Cp>Crypto-assets services are provided by the following Bitstamp legal entities depending on client residency: (1) Bitstamp Europe S.A., which is authorized by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg as a payment institution (licence number Z00000012) and crypto-asset service provider (licence number N00000003); Registered address: 40, avenue Monterey, L-2163 Luxembourg, Grand Duchy of Luxembourg; Registration number: B196856; (2) Bitstamp UK Ltd., which is registered with the Financial Conduct Authority (FCA) in the UK for the provision of certain cryptoassets activities under the Money Laundering Regulations (Firm Reference Number 978690); Registered address: 5 New Street Square, EC4A 3TW London, United Kingdom; Registration number: 14174243; (3) Bitstamp Ltd.with its registered address at 5 New Street Square, EC4A 3TW London, United Kingdom and registration number: 8157033; (4) Bitstamp Global Ltd., which is registered as a Virtual Asset Service Provider in the British Virgin Islands and is supervised by the British Virgin Islands Financial Services Commission (FSC); Registered address: Floor 4, Banco Popular Building, Road Town, Tortola VG1110, British Virgin Islands; Registered number: 2086429; and (5) Bitstamp Asia Pte Ltd, which is authorized by the Monetary Authority of Singapore (MAS) as a major payment institution (licence number PS20200667); Registered address: 63 Chulia Street, OCBC Centre East, #15-01, Singapore 049514; Registered number: 202016687K;\u003C/p>\n\u003Cp>Virtual currency services to US residents are provided by Bitstamp USA, Inc., which is licensed to engage in virtual currency business activity by the New York State Department of Financial Services. Licensed as a Money Transmitter by the New York State Department of Financial Services. Review a \u003Ca href=\"/legal/usa-inc/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">list of its licenses and other registrations\u003C/a> (NMLS number \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">1905429\u003C/a>) for more information; Registered address: 85 Willow Road, Menlo Park, CA 94025, United States of America; Registered number: 5481543.\u003C/p>\n\u003Cp>Investment services with regards to trading in crypto derivatives are provided by Bitstamp Financial Services Ltd., which is authorized and supervised by the Slovenian Securities Market Agency (ATVP) as a MiFiD investment firm. Trading crypto derivatives carries significant risks and may result in substantial losses. Please trade responsibly and ensure you understand the associated risks. You can find more about the risks \u003Ca href=\"/legal/financial-services/general-terms-and-conditions/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>. To help you understand the risks involved we have put together a series of \u003Ca href=\"/derivatives/key-information-documents/\" target=\"_blank\" rel=\"noopener noreferrer\">Key Information Documents (KIDs)\u003C/a> highlighting the risks and rewards related to each derivatives contract. Crypto derivatives trading is not available to customers in the US, Canada, Japan and some other countries. Bitstamp Financial Services Ltd. does not provide crypto-asset services.\u003C/p>\n\u003Cp>To find out more about which Bitstamp entity you receive services from, please check the Profile/My information in your Bitstamp account. You can read more about our legal terms, policies and disclosures \u003Ca href=\"/legal/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">here\u003C/a>.\u003C/p>\n","\u003Cp>All rights reserved © 2026 Bitstamp by Robinhood. \u003Ca href=\"https://www.nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/1905429\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">NMLS #1905429\u003C/a>\u003C/p>\n",{"description":7,"ogDescription":7,"ogImage":258,"twitterImage":258,"twitterSite":259,"twitterCreator":259,"twitterCard":260,"twitterTitle":6,"twitterDescription":7,"titleTemplate":261},"https://assets.bitstamp.net/msc/_ipx/enlarge_true&f_png&fit_cover&q_85&s_1200x630/bitstampImageUrl/What_is_Floki_1png_44bfa99a31_7832cfed72.png","@Bitstamp","summary_large_image","%s",{"items":263,"ready":33,"platformButtonText":305,"backButtonText":306,"logInButtonText":307,"signUpButtonText":308},[264,268,271,274,277,280,283,288,291,296,301],{"headerName":265,"sidemenuName":136,"url":137,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":266,"submenu":267,"tag":17},"Institutions",{},[],{"headerName":128,"sidemenuName":128,"url":129,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":269,"submenu":270,"tag":17},{},[],{"headerName":151,"sidemenuName":151,"url":152,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":272,"submenu":273,"tag":17},{},[],{"headerName":108,"sidemenuName":108,"url":109,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":275,"submenu":276,"tag":17},{},[],{"headerName":118,"sidemenuName":118,"url":119,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":278,"submenu":279,"tag":17},{},[],{"headerName":123,"sidemenuName":123,"url":124,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":281,"submenu":282,"tag":17},{"geofencing-uk":33},[],{"headerName":284,"sidemenuName":284,"url":285,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":286,"submenu":287,"tag":17},"Markets","/markets/",{},[],{"headerName":113,"sidemenuName":113,"url":114,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":289,"submenu":290,"tag":17},{},[],{"headerName":292,"sidemenuName":292,"url":293,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":294,"submenu":295,"tag":17},"Blog","https://blog.bitstamp.net/",{},[],{"headerName":297,"sidemenuName":297,"url":298,"noFollow":36,"showInHeader":33,"showInSidemenu":33,"geofencings":299,"submenu":300,"tag":17},"Learn","/learn/",{},[],{"headerName":302,"sidemenuName":302,"url":109,"noFollow":36,"showInHeader":36,"showInSidemenu":33,"geofencings":303,"submenu":304,"tag":17},"Get Bitstamp by Robinhood app",{},[],"Go to platform","Back","Log in","Get started",[310,314,318,322,326,330,332,336,340,344],{"title":311,"url":312,"geofencings":313},"Blockchain technology","/learn/blockchain/",{},{"title":315,"url":316,"geofencings":317},"Company profiles","/learn/company-profiles/",{},{"title":319,"url":320,"geofencings":321},"Crypto 101","/learn/crypto-101/",{},{"title":323,"url":324,"geofencings":325},"Crypto definitions","/learn/crypto-definitions/",{},{"title":327,"url":328,"geofencings":329},"Crypto trading","/learn/crypto-trading/",{},{"title":32,"url":31,"geofencings":331},{"geofencing-uk":33},{"title":333,"url":334,"geofencings":335},"People profiles","/learn/people-profiles/",{},{"title":337,"url":338,"geofencings":339},"Security","/learn/security/",{},{"title":341,"url":342,"geofencings":343},"Tutorials","/learn/bitstamp-tutorials/",{},{"title":345,"url":346,"geofencings":347},"Web3","/learn/web3/",{},1773313006576]