Floki Inu Eyes Upgrade to Help Push Mainstream Adoption

The team behind meme coin, Floki Inu, has announced that it’ll be hosting a Twitter space to discuss its Nottingham upgrade later today. The upgrade is part of its transition into a DAO.

Floki Inu Begins Transition Into DAO

The meme coin was inspired by Elon Musk’s tweet that his “Shiba Inu will be named Floki.” It is based on Ethereum and Binance Smart Chain and launched in July 2021. 

Set a reminder for our upcoming Space, ‘Nottingham Upgrade’ 🌳 https://t.co/lpOUmc71ZQ

— Floki Inu (@RealFlokiInu) January 24, 2022

With a total supply of 10 trillion tokens, the token aims to be the top meme coin. Its developers believe this is possible because of its superior utility compared to others like Shiba Inu and Dogecoin.

After less than a year in the market, the token developers have decided to become a Decentralized Autonomous Organization (DAO). According to the team, the decision to migrate was due to certain discoveries. 

Firstly, the centralized nature of the token has prevented many exchanges from listing it. This has limited its listing to Uniswap and PancakeSwap. But upgrading into a DAO solves the problem. Already, several centralized exchanges have listed it, with some even assisting with the upgrades.

Furthermore, the upgrade strengthens the token position and will increase adoption. The team believes that DAO is the future of crypto. Thus, becoming a DAO will only let the token key into this future in time.

During phase 1 of the upgrade, Floki Inu disabled trading and centralized exchanges that listed the token also disabled deposits and withdrawals. Along with the upgrade to DAO, the token also upgraded its ETH and BSC contract addresses.

Floki Inu Plans NFT, Metaverse, and More

While Phase 1 now seems complete, it’s sure that the platform has more plans in place. Floki has already announced the launch of its Gemstone NFTs. The non-fungible tokens are Aurum Gemstone of Truth, Diamond Mind Gemstone, and Ruby Heart Gemstone. 

These NFTs have unique benefits for their holders, and the utility will keep growing as the community expands.

Aside from the NFTs and its DAO, the Floki Inu ecosystem is also an NFT gaming metaverse Valhalla, a marketplace FlokiPlace, and crypto educational platform Floki Inuversity. 

Presently, the token is trading at $0.00003719, with the price dropping by more than 14% in the past 24 hours.