- Floki has announced the launch of a new service—the FLOKI Name Service.
- Users will find it easier to trade and interact with it. Shiba Inu was the last meme coin to run a name service; this is the same.
- The BNB Chain mainnet can now enjoy Floki’s Name Service.
Decentralized Domain Creation Now Possible
The Floki Name Service is a feature that allows anyone to create his own floki domain from anywhere in the world. Apart from their on-chain identity representation, these domains may find other important applications. Their upcoming decentralized website service will presumably be based on the project’s published post. The people who created the name service used SPACE ID infrastructure.
This allows some of the largest Decentralized Applications (dApps) in the crypto industry, such as:
- Trust Wallet
- SafePal
- PancakeSwap
- OKX Wallet.
Influence on FLOKI Utility
This service’s primary method of payment is tied to FLOKI, the native token. Noticeably, this advancement has a positive influence on the usefulness or significance of the currency and the foundation of the FLOKI system. The project announced pricing information which states that $42.79 buys one domain registration using 160k FLOKI tokens every 4 characters while one has to spend six hundred sixty thousand floki tokens yearly costing $176.49 on domains with three characters.
Tokenization Initiative
Users who belong to the memecoin ecosystem are enjoying better functionality that adds value to the coin. Floki established a trading robot previously to improve accessibility to users.
Floki is pushing really hard to move forward in the world of tokenization with its memecoin initiative. Although this is a field where BlackRock and Securitize are currently leading, there appears to be an opportunity for Floki to find a place of its own in the $16 trillion tokenization ecosystem if it uses its TokenFi platform.
Also Read: Cryptocurrencies Price Prediction: FLOKI & Other Meme Tokens
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