According to a market commentator, #flokiinu has a key advantage over cryptocurrencies like #Shibalnu and #Dogecoin‬⁩ . Thanks to the introduction of its new automatic token burn mechanism, it now holds innovative bragging rights that other meme coins lack.

The Advantage of Automatic Token Burning

Community enthusiast Scofield highlighted that Floki Inu gained a significant edge over other meme coins due to its new automatic burn mechanism. This mechanism not only automatically buys and burns $FLOKI tokens but also increases the deflationary nature of the cryptocurrency. Scofield emphasized that this system gives Floki a clear advantage over Shiba Inu, Dogecoin, and other #Memecoins🤑🤑 like #pepe⚡ .

Floki Inu Launches Buy-and-Burn Mechanism

On Friday, the Floki Inu team announced that after overcoming technical issues, they had reactivated the buy-and-burn mechanism of their trading bot. A post on X (formerly Twitter) mentioned that the feature had not been fully functional since its launch on the mainnet, leading to a temporary suspension.

The automatic burn feature now collects and burns 50% of the transaction fees generated by the Floki Trading Bot. This bot, operating on the Telegram platform, allows users to buy and sell tokens on the Ethereum, Base, and Binance Chain networks.

Additionally, the Floki team announced that 50% of the fees earned so far through the trading bot would also be burned. Since the launch of this platform, Floki has accumulated over $1 million in fees.

Comparing Floki’s Burn Mechanism with Other Meme Coins

Floki Inu’s new burn mechanism is comparable to other meme coins that use similar deflationary models to maintain their total token supply. For example, Shiba Inu also utilizes an automatic burn mechanism, burning 70% of base transaction fees on the Shibarium network. This deflationary model was introduced after the hard fork announced in August.

On the other hand, Dogecoin does not implement regular token burns and instead uses an inflationary model, adding a fixed amount of coins to its total supply each year.


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