FLOKI
Crypto Overview
Overview
FLOKI is a meme cryptocurrency launched in 2021, inspired by Elon Musk's Shiba Inu dog. While it started as a meme token, the project has evolved to include multiple utility cases.
Purpose & Utility
FLOKI serves as the main utility token for several initiatives: Valhalla (a metaverse game), FlokiFi (a DeFi platform), and University of FLOKI (an educational platform). The token is used for governance, rewards, and transactions within these ecosystems.
Business Model & Development
The project maintains active development across its initiatives, particularly the Valhalla game and FlokiFi platform. The team regularly releases updates and has demonstrated commitment to building real utility.
Token Distribution & Governance
FLOKI employs a decentralized governance model where token holders can participate in decision-making. The token distribution includes provisions for development, marketing, and community initiatives. The project maintains transparency through regular updates and public documentation.
Real-World Adoption
FLOKI has secured several notable partnerships and maintains active community engagement. The token is listed on major exchanges and has demonstrated consistent trading volume. While many of its utility cases are still in development, there is evidence of genuine progress toward stated goals.
Revenue Model
The project generates value through its ecosystem of products and services, rather than through interest-bearing mechanisms. The primary focus is on developing utility through gaming, education, and decentralized applications.
Crypto Impact
To assign a comfort level investing in FLOKI from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to FLOKI.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.