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Abiodun Oladokun
August 2, 2022
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With the FlokiFi Locker, tokenized assets are now protected from rugs and hacks.
Meet FlokiFi Locker
In a recently published roadmap, the developers of the popular meme-project Floki announced plans to launch “Project L.” According to the roadmap, Project L will be deployed to enhance the utility of the project’s FLOKI tokens.
Launched as the first utility product contained within Floki’s FlokiFi -- an umbrella name for a suite of decentralized finance products to be unveiled under the Floki brand -- Project L is an asset locker that allows investors to lock all kinds of tokenized assets.
According to the blog, Project L is the codename for the FlokiFi Locker built to let users “lock and vest fungible tokens (ERC-20/BEP-20 tokens like FLOKI), Liquidity Pool (LP) tokens, NFTs, and Multi tokens.”
Further, transaction fees for locking all forms of tokenized assets will initially be paid in $USDT. At a later date, payment with any other form of cryptocurrencies will be supported.
Developed to provide more utility to Floki’s native token, FLOKI, the FlokiFi Locker is powered by $FLOKI. According to the blog,
“25% of the transaction fee automatically does a transactional buy and burn of FLOKI tokens — making the FLOKI token perpetually deflationary. The remaining 75% goes to the Floki treasury.”
Users can access the FlokiFi Locker on testnet and can lock assets via: https://testnet.flokifi.com/
What is Floki:
Floki began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki. Floki is currently the third most popular meme token on the market behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Where else to find out about Floki:
Website | Twitter | Telegram | Discord |
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow!
This is a paid Ask Me Anything (AMA), BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement AMA for $2000 Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the AMA.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2000. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
Related News
August 8, 2022
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Weekly Analysis of Binance Ecosystem (July 29 - Aug. 4)
A look into BNB Chain performance and Binance ecosystem updates from July 29 to Aug. 4
BNB Chain Key Data Highlights
Here are some key metrics of BNB Chain’s performance between July 29 and Aug. 4:
- Weekly Active Users: Between July 29 and Aug. 4, Weekly Active Users (WAU) on BNB Chain grew by 3.8% from 2.86 million active users to 2.97 million active users.
- Weekly Transactions: In the period under review, a total of 23.1 million transactions were completed on BNB Chain. This represented a 5% uptick from the 21.9 million recorded in transactions the week before.
- Average Daily Transactions: BNB Chain logged 3.31 million average daily transactions between July 29 and Aug. 4. This metric grew 5.8% from the 3.13 million recorded in the week before.
- Average Gas Fee: For all transactions executed on BNB chain between July 29 and Aug. 4, the average gas fee was pegged at 0.00079 BNB, a 3.7% decline from the 0.00082 BNB recorded the week before.
BNB Chain and Binance Ecosystem Update
Between July 29 and Aug. 5, many significant developments occurred on BNB Chain and within the Binance ecosystem. These include the announcement of the Binance Account Bound (BAB) token, adding the BOND coin as a borrowable asset on the Binance Loans platform, adding $ETC, $ETH, $LDO and $OP to Locked Savings, the Binance Card supporting $XRP, $SHIB and $AVAX, and more.
Binance Account Bound (BAB) token
On Aug. 1, Binance confirmed to its users that it was set to launch the first Soulbound Token (SBTs) built on BNB Chain in the form of Binance Account Bound (BAB). BAB will essentially be used to certify that a user has been verified on Binance. As such, users of the Binance trading application whose identity has been confirmed will be able to mint the BAB tokens directly into their Binance wallets.
BOND Now a Borrowable Asset
On Aug. 2, Binance announced the addition of BOND token as a borrowable asset on its Binance Loans platform. This comes a week after the platform announced the addition of APE tokens to its list of borrowable assets.
ETC, ETH, LDO and OP to Locked Savings
Ahead of the Ethereum Merger, Binance, on Aug. 3, announced the inclusion of $ETC, $ETH, $LDO and $OP tokens to its list of supported assets on Locked Savings.
Binance Card Supports XRP, SHIB and AVAX
On Aug. 56, Binance announced the addition of XRP, SHIB and AVAX tokens to the list of supported cryptocurrencies on Binance Card. This brings the number of tokens supported by Binance Card to a total of 14 cryptocurrencies: ADA, AVAX, BNB, BTC, BUSD, DOT, ETH, LAZIO, PORTO, SANTOS, SHIB, SXP, USDT and XRP.
Price Performance
According to data from Santiment, the price of $BNB rallied by 5% between July 29 and Aug. 4. Also, the coin’s market capitalization rose from $47 billion to $50 billion. However, despite the price uptick, the coin’s trading volume declined from 2.96 billion to 1.92 billion within a similar window period.
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow!
August 7, 2022
Axie Infinity Holds Summer Loving Art Contest
The prize pool consists of 1,700 $AXS, 1 Mystic Axie, 6 Origin Axies, Summer Axies, and a mystery prize.
Artists Challenge
Axie Infinity, a PlayAndEarn blockchain game built on Ethereum sidechain Ronin, announced an art contest related to its ongoing summer event.
In a tweet on Aug. 4, Axie Infinity called on artists within its community to showcase their skills and get rewarded for it. The top 100 entries will win at least 1 $AXS from a pool totalling 1,700 $AXS, 1 Mystic Axie, 6 Origin Axies, Summer Axies, and mystery prizes.
The event comes at a time when battlers are in the offseason, and breeders are taking center stage to breed rare summer parts for their Axies.
xKerod, an Axie Esports player and content creator from GTI guild, decided to answer the call and enter the contest.
“I was really happy, I really love contests like these,” xKerod said. “I'm a competitor. I want to win, but share my art with everybody [at the same time]. I really want to do something unconventional, I don't really know what I will do, but it's gonna be insane with my art.”
Those who wish to join xKerod in the contest must submit a piece of art that relates to the parts of either one of the two Axies on the image above, or any six-part summer Axie. Submissions can be drawings, paintings, music, sculptures, 3D printing, or animations. Submit entries through Twitter with the hashtag #AxieSummer. Contestants then just fill an online form to finalize their entry.
Check out Axie Infinity’s Substack post for more details.
What Is Axie Infinity:
Axie Infinity is a PlayAndEarn blockchain game where players breed, collect, and play with digital pets called Axies and earn from the interactions. It’s built on Ronin, an Ethereum-based side-chain developed by Vietnamese-based gaming studio Sky Mavis. The protocol put eyes on the PlayAndEarn gaming industry back in 2021. In addition, the team is building a digital nation where each community member comes together to play, earn, and live in Lunacia.
Where to find Axie Infinity:
Website | Twitter | Medium | Whitepaper
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow!
Floki Launches Project L Innovation
With the FlokiFi Locker, tokenized assets are now protected from rugs and hacks.
Meet FlokiFi Locker
In a recently published roadmap, the developers of the popular meme-project Floki announced plans to launch “Project L.” According to the roadmap, Project L will be deployed to enhance the utility of the project’s FLOKI tokens.
Launched as the first utility product contained within Floki’s FlokiFi -- an umbrella name for a suite of decentralized finance products to be unveiled under the Floki brand -- Project L is an asset locker that allows investors to lock all kinds of tokenized assets.
According to the blog, Project L is the codename for the FlokiFi Locker built to let users “lock and vest fungible tokens (ERC-20/BEP-20 tokens like FLOKI), Liquidity Pool (LP) tokens, NFTs, and Multi tokens.”
Further, transaction fees for locking all forms of tokenized assets will initially be paid in $USDT. At a later date, payment with any other form of cryptocurrencies will be supported.
Developed to provide more utility to Floki’s native token, FLOKI, the FlokiFi Locker is powered by $FLOKI. According to the blog,
“25% of the transaction fee automatically does a transactional buy and burn of FLOKI tokens — making the FLOKI token perpetually deflationary. The remaining 75% goes to the Floki treasury.”
Users can access the FlokiFi Locker on testnet and can lock assets via: https://testnet.flokifi.com/
What is Floki:
Floki began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki. Floki is currently the third most popular meme token on the market behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Where else to find out about Floki:
Website | Twitter | Telegram | Discord |
Check out the Web3Wire Linktree to keep up with all relevant Web3 and Crypto!
Follow us on Twitter and Instagram!
Looking for a job in crypto? Check out the CryptoJobsNow!
