If you are a major fan of Elon Musk, then you are well aware of how much of an influence he is in the cryptocurrency community. A simple tweet from Elon Musk supporting particular crypto can make its price shoot up astronomically. Recently, one of his tweets led to the birth of a new cryptocurrency created by fans and members of the Shiba Inu community. The cryptocurrency’s name was inspired by Elon Musk’s tweet that shared news of his Shiba Inu puppy’s name; Floki. Floki quickly gained steam on Twitter and garnered around 150,000 followers, or as they are referred to in the Floki community, “Floki Vikings.” Below we take a look at what Floki is along with some of the differences between it and Shiba Inu. Keep reading until the end to know how to make a profitable Floki swap!
Floki is an additional dog-meme coin inspired by Elon Musk that has recently entered the market. Unlike other dog-meme coins, Floki operates on both the Binance Smart Chain and Ethereum. It also has huge ambitions such as donating $100,000 to charity and a Tesla giveaway. The project is also looking to set up shop in the NFT market, aiding in the distribution of NFTs in blockchain-based video games.
As a dog-meme coin, Floki is hoping to play on the same success of other dog-meme coins that came before it. It seems that Elon Musk’s tweets have really helped as the coin’s price has increased by more than 120%. Floki coin’s price spiked on 3rd October to an all-time-high value of $0.00007477. The price currently stands at $0.0002651. Currently, there are over 270,000 Floki coin holders with a total market cap of over $2 billion.
Shiba Inu is an ERC-20 token that entered the industry in the summer of 2020 with one goal; surpassing Dogecoin. Similar to the Shiba Inu, the Floki was inspired by the Shiba Inu dog breed. In fact, both coins have the Shiba Inu for their logo. The major difference is that Shiba Inu was born from Dogecoin while Floki's idea came from Elon Musk’s Shiba Inu puppy. Some of the major differences between Floki and Shiba Inu include:
|Rank (on CoinMarketCap)
|June 25th, 2021
|Ethereum & Binance
|Elon Musk’s new Shiba Inu puppy
Floki is working on several flagship projects. The first is a virtual reality NFT game by the name Valhalla. The second is an NFT marketplace by the bane FlokiPlaces. The last project is an education platform going by the name Floki Inuversity. Additionally, for those unaware, the community of Floki fans and supporters is referred to as “Floki Vikings.” The Floki team is composed of a number of large crypto influencers and some well-respected names in the industry such as MrBrown, PetaByte Capital, Sabre, etc.
Perhaps the most notable name in the team is the lead developer, Jackie Xu, who is a well-respected industry member with over 10 years of blockchain experience. Additionally, the Floki project has partnered with Elon Musk’s brother, Kimbal Musk, through the Millions Gardens Movement. The goal is to tackle the food insecurity issue in the world. The Floki team believes that Floki is more than a meme coin. They claim that it’s a movement and utility that will one day compete with the top digital assets in the industry.
When deciding on which wallet to store your FLOKI coins, there are several things that you need to consider. For instance, hot wallets are easy to use, however, they carry a higher risk of loss of funds due to their internet connection. Cold wallets, on the other hand, are perfect for storing your coins offline. Therefore, no risk of losing your funds through unauthorized access such as hacking. With that said, here are the top Floki wallets that we recommend for storing your Floki tokens.
Truth be told there are so many exchange platforms nowadays that help you with the Floki swap. However, if you are looking for an exchange platform with some of the best exchange rates and both ERC20 and BSC FLOKI versions available, then you should try Swapzone. This is how Floki swap works at Swapzone:
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.