Elon Musk is a South African-born American entrepreneur who co-founded the electronic-payment company PayPal and formed SpaceX, maker of launch vehicles and spacecraft. He was also one of the first significant investors in, as well as chief executive officer of, the electric car manufacturer Tesla. In addition, Musk acquired Twitter in 2022.
Amidst all these this ever burning business mind has also ventured into the crypto world by having his crypto currencies under the name of his dogs such as Floki Inu, Shi ba Inu and Dogecoin.
Recently Musk has posted in his twitter saying in a sarcastic way as always that he has made his dog Floki as the new Ceo of the twitter.
He also stated that this Ceo is better than any other!
FLOKI
Floki Coin is a relatively new cryptocurrency that has gained significant popularity in recent months.
Inspired by the Shiba Inu meme cryptocurrency Dogecoin, Floki Coin is named after Elon Musk’s pet Shiba Inu dog, Floki.
This cryptocurrency has attracted a lot of attention from investors due to its unique branding and the increasing interest in digital currencies.
THIS HAS TO BE NOTICED…
One of the main features of Floki Coin is its use of the Binance Smart Chain (BSC) platform.
BSC is a decentralized blockchain network that allows for faster and cheaper transactions compared to the Ethereum network, which is used by many other cryptocurrencies. This makes it more accessible for investors who want to avoid high transaction fees and slow processing times.
Floki Coin also uses a deflationary tokenomics model, which means that its total supply will decrease over time as coins are burned or destroyed.
MAIN ADVANTAGE
The main advantage of Floki is the man behind it is Elon Musk which makes an ultimate branding for the coin without any investment.
Also the Marketing of Floki has been boosted by many other celebrities who tweeted about it.
And having dogs as a logo is another attractive feature which customers can fall for.
BUT STILL…
But still it’s important to note that investing in cryptocurrencies like Floki Coin can be risky.
Cryptocurrencies are highly volatile and can fluctuate significantly in price over short periods. The lack of regulation and oversight in the cryptocurrency market also means that it can be susceptible to fraud and scams.
Another important aspect is that Floki has only a short track record in the crypto market as it was launched in September 2021…the stability and trust are not yet clarified fully.
This means that investors should be cautious and only invest what they can afford to lose.
GOSSIPS
Why did Musk name this coin after his dog?
Is he really a pet lover who wants humans to value dogs as currency? Or is he is just teasing humans with sarcasm who even buys coins with a dog’s face?
This recent tweet of his has created a global raise in the share value of the Doge Floki coin where announced sarcastically his dog Floki as Twitter’s CEO.
Anyways these are all just part of the gossip section of this article 😂…
