You probably have heard about Floki Inu and have been wondering what it means and what it is all about. This article would explain what Floki Inu is about and would tell you what you should know before investing your money into this cryptocurrency coin.So, what is Floki Inu? Floki Inu is amongst a group of cryptocurrencies called “meme coins”. A meme coin is a cryptocurrency token that is inspired by a meme (the first and probably the most popular meme coin was Dogecoin, which became popular in 2020 and is still one of the most popular meme coins). Floki Inu is a token that is sold on the Ethereum blockchain and Finance smart chain. Floki Inu currently has a low price tag of $0.0003359on, and this low price tag is due to the abundance of the coin ( about 9 trillion)in supply. You can purchase Floki Inu on P2P platforms like Binance and exchange and swap platforms like Pancake Swap, and store your Floki Inu on cryptocurrency wallets like Binance Trust wallet and Coinbase cryptocurrency wallet. You can also buy Floki Inu with Fiat on the Guardian website.
Floki Inu Application in Metaverse
Unlike other coins in the meme coin category, This is proposed to have real applications in the metaverse. Some of the proposed applications of Floki Inu are:
✅ An educational platform called Floki university which would educate the public about cryptocurrency, blockchain technology, and the metaverse.
✅ A play-to-earn Metaverse game called Valhalla, where Floki Inu and other cryptocurrency tokens would be the only acceptable currencies.
✅ A platform for trading NFTs, called Floki Place.
How to purchase Floki Inu on coinbase?
As of now, Floki Inu is not listed on Coinbase, although there has been a petition for Floki to be listed on Coinbase.But it is possible to purchase Floki Inu on coinbase, even though Floki is not yet listed there, people who want to purchase the coin on Coinbase can do that by following these steps:
-On your smartphone’s application store, download the Coinbase cryptocurrency wallet. If you are browsing the internet with a computer, you can use the Coinbase cryptocurrency wallet as a browser extension.
-Choose a unique username for your Coinbase cryptocurrency wallet. This is important because a unique username would help other Coinbase cryptocurrency wallet users identify you and easily send you crypto coins.
-Store your cryptocurrency wallet recovery phrase: After creating your Coinbase cryptocurrency wallet, you would be given a 12-word recovery phrase. This recovery phrase would act as a password for some and is the key to your cryptocurrency collection, so it is advisable for you to keep this recovery phrase from everyone around you.
You can safely keep your cryptocurrency wallet recovery phrase by writing it down on paper and keeping it safe, or by making use of the Coinbase cryptocurrency wallet’s cloud storage feature. If you lose your recovery phrase, Coinbase would not be able to help you gain access to your wallet and your cryptocurrency collection would be lost, so you should keep your recovery phrase safe and keep it away from people.
-Buy Ethereum and transfer it to your Coinbase cryptocurrency wallet: To purchase Ethereum on Coinbase, you would need to have an account with them. If you don’t have one, head over to www.coinbase.com, and open an account with them. After opening a Coinbase account, buy Ethereum.
-After purchasing Ethereum, go to the tab tagged “trade” and click on “choose coin” to choose a coin to swap your ETH with. In the case of Floki, select Floki and input the amount of Ethereum you would like to exchange for Floki (remember to leave some ETH to cover your gas fees) and follow the instructions you are given to complete the exchange.
If you are trying to swap on the Coinbase wallet extension, click on the button tagged “convert”. After doing this, search for Floki and enter the amount of Ethereum you would like to exchange for Floki, just leaving enough to cover your gas fees. After doing this, follow the instructions you are given on the screen to complete the exchange.
Is it wise to invest in Floki Inu?
Although Floki performed well in 2022, and like other meme coins, is holding out its own, it is still a speculative coin and very volatile and its application in the metaverse and the NFT marketplace is yet to materialize. Nevertheless, Floki is still a good investment for the future. It is up to you to use your discretion to determine if buying a Floki coin would be a good and worthwhile investment for you or not.
Conclusion
Now that you have learned about Floki Inu and the huge role it proposes to play in the future metaverse World, take advantage of the present value of the coin and build wealth with it while you still can.
