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

How Indians can make international investments part of their portfolio

International exposure is usually meant diversification or a targeted goal, such as foreign education

Updated On: 23 Aug 2026 | 7:00 AM IST

Panama-flagged cargo ship sinks in Bay of Bengal, rescue ops underway

The ship, with 24 crew members on board, was heading towards Singapore carrying iron ore from Odisha

Updated On: 22 Aug 2026 | 11:58 PM IST

Shah reviews security at Siliguri Corridor, pushes for 'triangular grid'

The meeting focused mainly on strengthening security arrangements in the Siliguri Corridor, also known as the 'Chicken's Neck'

Updated On: 22 Aug 2026 | 11:29 PM IST

IAF is not against theaterisation, says Air Chief Marshal AP Singh

The government had announced the theaterisation plan in 2019 to ensure greater synergy among the three services. However, no visible forward movement has been made towards it

Updated On: 22 Aug 2026 | 11:28 PM IST

Delhi records 1,777 H1N1 cases as health dept issues flu advisory

Delhi has recorded over 2,300 Influenza-A cases this year, including over 1,777 H1N1 cases till Friday. The health department said 114 H1N1 cases were reported on Thursday alone

Updated On: 22 Aug 2026 | 10:51 PM IST

Nancy Kassebaum Baker, former US senator from Kansas, passes away at 94

Kassebaum Baker died Friday of natural causes, according to her son, Bill Kassebaum

Updated On: 22 Aug 2026 | 10:36 PM IST

About 40% of India's sown area yet to be linked to Farmer IDs: Agri Min

Around 40 per cent of India's net sown area is yet to be linked to Farmer IDs, while most states have not drafted standard operating procedures for cultivator categories

Updated On: 22 Aug 2026 | 10:25 PM IST

Canada will impose retaliatory tariffs on US goods beginning Sept 8

Carney said the dollar-for-dollar retaliation would target steel, dairy, appliances, agricultural equipment, pulp and paper and electronics

Updated On: 22 Aug 2026 | 10:08 PM IST

CIAL, SpiceJet trade charges over weather-linked flight disruption in Kochi

CIAL said it had made every effort, as a responsible airport operator, to assist affected passengers and provide them with necessary support

Updated On: 22 Aug 2026 | 10:06 PM IST

Andhra announces 10,060 govt jobs in 4 phases, recruitment starts Sept 15

On May 15, Kumar said 1,523 jobs were already notified by the Higher Education Department. Together, in four phases, 10,060 jobs in total will be filled through direct recruitment

Updated On: 22 Aug 2026 | 10:01 PM IST

Andhra approves ₹31,387-crore green AI data centre project in Visakhapatnam

The facility, proposed to be set up at Amanam village in Bheemunipatnam mandal, is expected to generate employment for up to 1,000 people, IT Secretary Bhaskar Katamneni said in a Government Order

Updated On: 22 Aug 2026 | 9:55 PM IST

US judge blocks Trump policy suspending visas for nationals of 75 countries

US District Judge Jeannette Vargas, an appointee of former President Joe Biden, set aside the policy Friday as "contrary to law and in excess of statutory authority

Updated On: 22 Aug 2026 | 9:49 PM IST

PM Modi meets BJP's new national team, stresses ideas to strengthen party

Those who attended the meeting also included some office-bearers of the outgoing national executive and a few state unit chiefs of the party

Updated On: 22 Aug 2026 | 9:29 PM IST

Trump urges court to reject BBC's bid for family records in defamation case

In a court filing last week, the broadcaster asked for the court's permission to serve subpoenas on Trump's family members by certified mail instead of in person

Updated On: 22 Aug 2026 | 9:11 PM IST

FSSAI issued 150 notices to food brands over misleading ads in recent weeks

In a social media post, the Food Safety and Standards Authority of India (FSSAI) shared an update on its enforcement action taken against major brands in recent months

Updated On: 22 Aug 2026 | 8:52 PM IST

Karnataka Cabinet clears Bill allowing 5% park land for public projects

Under the amendment, up to five per cent of the total extent of any park or garden can be alienated for specified public purposes through sale, lease, gift, exchange or mortgage

Updated On: 22 Aug 2026 | 8:47 PM IST

Shivraj Chouhan asks states to ensure full saturation of farm schemes

The minister said the Farmer ID, under which payments are credited directly to farmers' bank accounts, is a key transparency measure

Updated On: 22 Aug 2026 | 8:30 PM IST

Karnataka MSME director not missing, away in UP due to father's health

Speaking to reporters, Kharge said there was an emergency in Gangwar's family as his father was a heart patient. Due to fluctuations in his father's health, the officer had to leave suddenly, he said

Updated On: 22 Aug 2026 | 8:24 PM IST

Sebi proposes channel partners to expand retail access to bonds in India

The proposal aims to improve access to fixed-income products in Tier-II, Tier-III cities and rural areas, according to a consultation paper issued by Sebi on Friday

Updated On: 22 Aug 2026 | 8:08 PM IST

Hockey World Cup 2026: India semifinal qualification scenarios explained

Both India's men's and women's teams need to win their remaining Phase 2 matches to give themselves the best chance of securing a place in the semifinals of the 2026 Hockey World Cup

Updated On: 22 Aug 2026 | 7:52 PM IST