FLOKI
Crypto Overview
Overview
FLOKI is a cryptocurrency project that originated as a meme coin inspired by Elon Musk's Shiba Inu dog but has evolved to position itself as a utility and metaverse token. The project is built on both Ethereum and BNB Chain.
Intended Utility
The project aims to provide multiple utilities including: A metaverse game called Valhalla, an NFT marketplace, a DeFi platform called FlokiFi, and an education platform called the University of FLOKI.
Actual Utility Assessment
The project has demonstrated progress in developing its promised utilities: Valhalla game is in development with playable demos released, FlokiFi Locker protocol is operational for token/liquidity locking services, and the education platform provides crypto-related content. The token is actively used for governance within their DAO structure.
Token Distribution and Transparency
FLOKI implements a fair token distribution model with no pre-mine for the founders. The project maintains transparency through regular updates and publicly available development progress. Token allocations and vesting schedules are clearly documented in their whitepaper.
Development vs Marketing
While FLOKI maintains significant marketing presence, there is substantial evidence of ongoing technical development through their GitHub repositories, regular technical updates, and delivered products like the FlokiFi Locker.
Revenue Model
The project generates revenue through transaction fees and utility services, avoiding interest-based mechanisms. The business model primarily relies on the growth of their ecosystem services rather than lending or interest-bearing products.
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.