اقتصاد توکنی FLOKI (FLOKI)

The FLOKI token is a multi-utility, cross-chain asset available on both the Ethereum (ERC-20) and BNB Smart Chain (BEP-20) networks. Its tokenomics are designed to be perpetually deflationary through various buyback and burn mechanisms tied to the utility of the Floki ecosystem products.

Issuance and Supply Mechanism

The FLOKI token has a fixed Total Supply of 20 trillion tokens, split evenly between the Ethereum and BNB Smart Chain networks (10 trillion on each chain).

• Total Supply: 20,000,000,000,000 FLOKI
• Circulating Supply (Approximate Total): 9.265 trillion FLOKI (as of a recent calculation)
  • Ethereum (ETH): 5.034 trillion circulating (4.288 trillion burned, 0.678 trillion out of circulation)
  • BNB Smart Chain (BSC): 4.231 trillion circulating (5.769 trillion burned)

The token supply is designed to be perpetually deflationary through several burn mechanisms rather than implementing burns at the contract level.

Burn Mechanisms

The deflationary nature of FLOKI is maintained through automatic buyback and burn mechanisms linked to ecosystem utility:

1. FlokiFi Locker Fees: The DeFi platform FlokiFi uses 25% of its ETH and BNB chain service fees to automatically buy back and burn FLOKI tokens. The remaining 75% goes to the Floki treasury.
2. Floki Card Fees: A 1.00% fee charged upon the creation of a prepaid gift card via Floki Card is used to buy back and burn FLOKI tokens.
3. Staking Penalties: Tokens are burned as a penalty when FLOKI holders unstake early from the staking program. The penalty percentage varies based on the original staking duration.
4. Manual Burns: The project has conducted manual burns, such as the one on March 9, 2024, which burned approximately 190.92 billion FLOKI across both chains following a DAO vote.

Allocation Mechanism

The initial allocation details indicate that a portion of the supply was vested immediately to the community.

Note: This data point represents a specific initial allocation event and may not reflect the entire distribution history.

A significant portion of the sister token, TOKEN, is allocated to FLOKI stakers: 5.60 billion TOKEN (56.00% of the total TOKEN supply) is reserved as rewards for FLOKI stakers.

Usage and Incentive Mechanism

FLOKI is positioned as a functional multi-utility token essential for interacting within the Floki Ecosystem.

Token Utility and Usage

Incentive Mechanism (Staking)

FLOKI holders are incentivized to stake their tokens to earn rewards in TOKEN, the sister/reward token of Floki.

• Rewards: Stakers earn TOKEN. Rewards are sourced from the 5.60 billion TOKEN allocation.
• Staking Durations: Users can choose from four lock-up periods, with rewards increasing for longer durations.
  • 3 months
  • 1 year
  • 2 years
  • 4 years
• Annual Percentage Yields (APYs) (Approximate, as of March 19, 2024):

Locking Mechanism and Unlocking Time

FLOKI employs locking mechanisms primarily through its staking program and liquidity locks.

Staking Lock-up

The staking program locks FLOKI tokens for the chosen duration, with a significant portion of the circulating supply locked up for up to four years.

• Lock-up Duration: Minimum of 3 months up to a maximum of 4 years.
• Early Unstaking Penalty: Unstaking before the chosen duration ends incurs a penalty fee, which is automatically burned by the protocol.

Liquidity Lock

The liquidity for FLOKI on both the Ethereum and Binance Smart Chain networks is locked for an exceptionally long period.

• Liquidity Lock Duration: Liquidity is locked for 265 years on both the Ethereum blockchain and the Binance Smart Chain.

Token Unlock Schedule

Specific, scheduled token unlocks for team, foundation, or private sale allocations were not detailed in the provided data, beyond the initial 10 billion FLOKI vested to the Community at TGE (June 21, 2021). The primary locking mechanism currently in effect is the user-driven staking program, where tokens are locked for periods up to four years.