Here are some of the latest news from FLOKI:
1. Token-related activities:
• FLOKI’s “Simon’s Cat” second pre-sale was canceled due to a bot-buying attack. Although the first pre-sale sold out in the first 12 hours, the massive bot activity undermined fair participation by legitimate users. The team then decided to cancel all pre-sales and airdrop $CAT tokens to qualified champion-level users, supported by Binance on August 30.
• FLOKI has completed the airdrop snapshot for holders, and the team is coordinating with Binance to confirm the time of the CAT token airdrop distribution. The distribution is expected to take place in about 2 weeks, but the final distribution time will be determined by Binance. Users must hold at least 400,000 FLOKI tokens on Binance to be eligible for the CAT airdrop. Eligible FLOKI holders will be allocated 390 million CAT tokens in proportion to their holdings.
2. Market value and price performance: As of 09:50:31 on September 12, 2024, the total market value of FLOKI is approximately RMB 711,000, and its price is RMB 0.00000000071 (approximately US$0.00000000010).
3. Ecosystem development and cooperation: The FLOKI team has been committed to ecological construction, including the development of NFT game metaverse "Valhalla", decentralized financial products "Floki Fi", NFT and commodity market "Floki Places", and content and education platform "University of Floki". FLOKI also cooperates with many leading crypto projects to continuously expand the influence of its ecology.
4. Exchange related: OKX has published an investigation and explanation on the FLOKI pledge loan mechanism, involving automatic currency exchange rules, the relationship between the amount of borrowed currency and the amount of deposited currency, user notification, etc. Recently, a MEME coin Marvin (address 7055) on the Ethereum chain has also received special attention. Marvin is a meme coin related to Musk's pet dog. November 1st of each year is Musk's dog's birthday. The Marvin community is actively promoting it. Although the current market value is only US$500,000, it is expected to exceed US$10 million soon, and may achieve a 100-1000-fold growth in the short term.
