image

Floki Inu

About Floki Inu

Facebook IconLinkedIN Icon

What is Floki Inu ?

In September 2021, Tesla and SpaceX CEO Elon Musk shared an image of his pet known as 'Shiba Inu' on Twitter with the caption ‘Floki has arrived’.
 
The meme cryptocurrency coin 'Floki Inu' based on the name of the pet, rose by 1,000 per cent only in two days and rallied about 1,500 per cent in just 72 hours since inception. Eventually, more Floki-themed coins such as FlokiPup Inu, Baby Floki Inu, Shiba Inu, and Floki Shiba Inu also saw an increase in value after Musk's tweet.
 
Floki is the same breed as Musk's bitcoin currency -- Dogecoin.
 
How did the Floki crypto coin come into existence?
 
In June 2021, Elon Musk tweeted "My Shiba Inu will be named Floki" and from there, the concept of creating the Floki Inu came into existence.
 
How does Floki Inu work?
 
Floki Inu was launched on the Ethereum (ETH) blockchain and it is one of the few crypto coins that provide the multi-chain protocol feature.
 
The meme-based crypto coin is hosted on both the Binance Smart Chain (BSC) and Ethereum. Floki Inu has a total circulating supply of 9.17 T across the ETH and BSC chain combined and has a total circulating market capitalisation (m-cap) of $597.01 million across the ETH and BSC chains.
 
Rewards
 
Floki Inu holders have the facility for holding Floki coin tokens to earn rewards. At least 4 per cent rewards are given to Floki holders on the ETH and BSC blockchains when a holder swaps a token on a crypto exchange. The reward percentages may vary depending on future upgrades.
 
The Floki Inu token is hyper-deflationary, which means that a rise in the size of the burn wallet also increases the reflationary rewards for Floki holders. Gradually, the decline in circulating supply increases the demand for Floki and its price.
 
Usage
 
Floki provides real-world utility in terms of usage. The cryptocurrency coin can be used to buy items from offline stores through its partnership with CryptoCart (CC). Floki holders can also pay for goods on the XCUR platform.
 
Other utilities in the future may include several features like buying NFTs, gaming, and paying for services and goods.
 

Here are the latest news from Business Standard

Latest News

India's cargo voyage now faces rougher waters inland, say experts

With cargo volumes rising steadily, industry experts say India's next logistics challenge lies beyond ports, requiring stronger hinterland connectivity and multimodal evacuation systems

Updated On: 13 Jul 2026 | 12:07 AM IST

Token costs a concern for many customers, says TCS CEO K Krithivasan

Krithivasan and Seksaria discuss artificial intelligence revenue, rising token costs, and increasing AI spends

Updated On: 13 Jul 2026 | 12:05 AM IST

TCS rejigs leadership, business units to sharpen focus on AI-led deals

The ERU is a strategically important industry group for TCS, and clients in this segment are harnessing Al-led transformation, said Krithivasan

Updated On: 13 Jul 2026 | 12:05 AM IST

Almost all tech deals have an AI element: TCS CEO & MD K Krithivasan

TCS CEO & MD K Krithivasan reiterate his belief that AI is an opportunity and global system integrators like TCS will be an integral part of enterprises' AI journey

Updated On: 13 Jul 2026 | 12:05 AM IST

MCA considers global audit norms placing responsibility on group auditors

Official sources said that ICAI has expressed its concerns over the introduction of SA600 to the MCA as well

Updated On: 12 Jul 2026 | 11:59 PM IST

Govt likely to interlink GeM, TReDS platforms for MSME financing

The Centre plans to integrate GeM with TReDS, enabling MSMEs to move seamlessly from government procurement to invoice financing and faster payments

Updated On: 12 Jul 2026 | 11:57 PM IST

India better prepared to handle Strait of Hormuz disruption this time

India has secured crude oil and LPG supplies for the near term, limiting the immediate impact of the renewed Strait of Hormuz closure, though prices are expected to rise

Updated On: 12 Jul 2026 | 11:49 PM IST

Over 273,000 candidates register for DU undergraduate admissions

Over 2.73 lakh students register for DU undergraduate admissions 2026-27, with BCom (Hons) emerging as the most preferred course ahead of the first seat allocation

Updated On: 12 Jul 2026 | 11:47 PM IST

ISRO successfully carries out tests of Gaganyaan crew module systems

ISRO successfully tests three key Gaganyaan crew module systems, marking another milestone in ensuring astronaut safety ahead of India's first human spaceflight mission

Updated On: 12 Jul 2026 | 11:44 PM IST

India-UK origin rules trust exporters; subject to verification later

India-UK FTA origin rules require exporters and importers to ensure strict compliance with sourcing, documentation and certification to claim tariff benefits

Updated On: 12 Jul 2026 | 11:42 PM IST

LTM Q1FY27 net profit up 17% at ₹1,468 cr, revenue jumps 18% to ₹11,608 cr

LTM said its Q1 performance reflected progress in executing its AI-centric strategy, with AI revenue at about $150 million on a quarterly run-rate basis

Updated On: 12 Jul 2026 | 11:42 PM IST

The missing human growth factor: Bridging India's human-capital deficit

Human capital - not geography, culture or natural resources - now explains why some nations become wealthy while others remain stagnant

Updated On: 12 Jul 2026 | 11:41 PM IST

When Manmohan Singh told then-CEC Quraishi -'I will commit suicide'

In his forthcoming book, former CEC S.Y. Quraishi recounts how Manmohan Singh defended the Election Commission, calling it the "soul of India's democracy."

Updated On: 12 Jul 2026 | 11:40 PM IST

Berry Alloys to invest ₹1,200 cr in Andhra Pradesh steel materials complex

The integrated manganese and steel materials complex in Vizianagaram is expected to create 813 direct jobs and strengthen Andhra Pradesh's growing metals value chain

Updated On: 12 Jul 2026 | 11:39 PM IST

Life insurers' ad expenses fell 19.16% to ₹3,211.6 crore in FY26

Private life insurers pared advertising and publicity spending amid GST changes, EoM pressures and restructuring after the loss of input tax credit benefits

Updated On: 12 Jul 2026 | 11:35 PM IST

Lava Mobiles confirms death of channel partners in Vietnam boat accident

The bodies of 15 Indian tourists killed in a boat accident off Vietnam's Phu Quoc Island are being flown home as authorities continue to assist survivors and families

Updated On: 12 Jul 2026 | 11:35 PM IST

Odisha panchayats face fiscal reset as state adopts 16th FC reforms

Officials said the proposed measures intended to improve the financial health of local bodies and help them undertake development works with greater financial independence

Updated On: 12 Jul 2026 | 11:35 PM IST

Indian Bank aims to recover up to ₹5,500 crore from bad loan in FY27: MD

The state-run lender recovered ₹1,885 crore in the June quarter and aims to mobilise $2 billion in FCNR(B) deposits by September while strengthening its low-cost deposit base

Updated On: 12 Jul 2026 | 11:33 PM IST

Business beyond hugs and handshakes: Bank-fintech ties enter a new phase

The bank-fintech partnership is undergoing a structural shift as governance premium takes top billing

Updated On: 12 Jul 2026 | 11:31 PM IST

'Low income levels crimp panchayats' ability to raise own-source revenue'

Low incomes, limited economic activity and weak tax collection continue to constrain panchayats' own-source revenue, affecting their financial autonomy

Updated On: 12 Jul 2026 | 11:29 PM IST