The team behind the dog-themed cryptocurrency Floki Inu has unveiled its plans for the coming year with an ambitious roadmap that focuses on adding useful features and expanding the ecosystem.
Key highlights from the announcement include the introduction of regulated digital bank accounts that users can open and fund with Floki Inu tokens (FLOKI), integration with the Venus decentralized finance (DeFi) protocol, the launch of a Floki payment card, and the rollout of the Valhalla mainnet.
Several new features will be supported
These digital bank accounts, developed in collaboration with an as-yet-unnamed licensed fintech company operating in countries including Canada, Spain, Dominica, Australia, and the United Arab Emirates, will support features such as SWIFT payments and Single Euro Payments Area International Bank Account Numbers ( SEPA IBANs).
The introduction of Floki payment cards will allow users to connect their digital bank accounts with debit cards. This facilitates a simple and secure way to use FLOKI tokens for transactions in conventional currencies such as the Euro and the US Dollar. The goal of these initiatives is to make traditional banking services more accessible to a wider audience and increase the acceptance and utility of cryptocurrency.
Improve liquidity and usability
As part of their strategy to improve liquidity and usability, Floki Inu also plans to list its FLOKI token on the Venus Core Pool, giving token holders the ability to borrow against various assets such as Maker (DAI), Circle’s USDC stablecoin, BNB, and Ether (ETH).
The announcement further details plans to launch a cross-chain trading bot on Telegram and Discord, powered by the FLOKI token, where a portion of the fees generated will be used to buy back and destroy FLOKI tokens. This contributes to deflationary pressure on the token.
Another important part of the roadmap is the launch of Valhalla, Floki Inu’s metaverse game, which will run on the mainnet. Valhalla promises an immersive experience with on-chain gaming features, a PlayToEarn system, customizable NFTs, and an expansive open world.
Warnings from the Hong Kong SFC
The announcement comes amid warnings from the Hong Kong Securities and Futures Commission (SFC) over the ‘Floki Staking Program’ and the ‘TokenFi Staking Program’, which promise returns of 30% to more than 100% without the necessary approval for sales in Hong Kong.
With this series of initiatives, Floki Inu is taking major steps towards increasing the accessibility and utility of cryptocurrencies, strengthening its position in the rapidly evolving digital financial landscape.
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Source: https://newsbit.nl/ontwikkelingsteam-floki-inu-onthult-innovatieve-toekomstplannen/
