Cointime

Download App
iOS & Android

Floki Inu roadmap reveals plans for regulated bank accounts

Validated Media

The team behind the dog-themed memecoin Floki Inu (FLOKI) has unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. The plans include regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens. 

The roadmap also mentions an integration with the Venus decentralized finance (DeFi) protocol, the Floki debit card’s introduction, and the Valhalla mainnet’s upcoming release.

Teaming up with an undisclosed licensed fintech firm operating across strategic locations like Canada, Spain, Dominica, Australia and the United Arab Emirates, the digital bank accounts will facilitate Swift payments and Single Euro Payments Area International Bank Account Numbers.

  Source: Floki

In addition, the introduction of Floki debit cards will enable individuals to connect their digital bank accounts with the debit cards, allowing them to use their FLOKI tokens for transactions in traditional currencies like the euro and the United States dollar.

Subject to governance approval, Floki Inu intends to list its native token, FLOKI, on the Venus Core Pool. This is designed to enhance liquidity, allowing FLOKI holders to leverage their tokens as collateral for borrowing assets like Dai , USD Coin, BNB and Ether.

By directly integrating Venus Markets into Floki’s user interface, the protocol aims for seamless access to the platform’s liquidity, further integrating Floki deeper into the decentralized finance ecosystem.

The team also intends to launch a cross-chain trading bot on Telegram and Discord, driven by the FLOKI token, enabling users to trade cryptocurrencies across blockchain networks. Half of the generated fees will be utilized to buy and burn FLOKI tokens.

In addition, the launch of Valhalla — Floki Inu’s metaverse game — will take place on the mainnet. Valhalla will include on-chain gaming features, a pay-to-earn system, customizable nonfungible tokens and an expansive open-world environment.

In January, the Hong Kong Securities and Futures Commission cautioned the public about the “Floki Staking Program” and “TokenFi Staking Program.” The SFC noted that these products provide staking services, promising annualized returns from 30% to over 100%. Despite this, they lack authorization for public sale in Hong Kong.

Comments

All Comments

Recommended for you

  • Tether CEO posts job openings, sparking speculation that a mobile encrypted wallet is on the horizon.

    Tether CEO Paolo Ardoino posted on the X platform stating that Tether has started recruiting a senior software engineer who will be responsible for Tether's mobile crypto wallet-related products, which will be supported by artificial intelligence, Wallet Development Kit (WDK), and QVAC technology. Later, Paolo Ardoino also posted a suspected wallet product screenshot in another tweet, which shows "Own your Money".

  • Bloomberg analysts: Among the top 25 US equity ETFs with the highest annual inflows, BlackRock IBIT is the only ETF with negative returns.

    Eric Balchunas, a senior ETF analyst at Bloomberg, posted the annual top 25 U.S. stock ETFs by fund inflows on the X platform. Among them, BlackRock's Bitcoin exchange-traded fund IBIT is the only ETF with a negative return, with an annual return rate of -9.59%. It is worth noting that despite the negative return, IBIT's annual fund inflow still ranks sixth, even surpassing the GLD ETF with a 64% return. In the long run, this is a very good sign, as it received over $25 billion in fund inflows during the bear market phase, indicating greater potential once the market turns bullish.

  • Hassett's chances of becoming the next Federal Reserve Chairman have once again surged significantly.

    Golden Finance reports that the increased, rising to 54% on Polymarket and 51% on Kalshi, with the probabilities of Walsh and Waller being nominated by Trump ranking second and third respectively.

  • China Merchants Bank: The yen carry trade may undergo a sustained reversal, exerting long-term downward pressure on global asset liquidity.

    China Merchants Bank released a research report stating that on December 19, the Bank of Japan raised interest rates by 25 basis points, raising the policy rate to 0.75%. Although the Bank of Japan is highly likely to remain very cautious in its pace of rate hikes, the reversal of yen liquidity and the Japanese bond market will continue to suppress global financial conditions.

  • A new address withdrew $2.5 million worth of LINK from Binance.

    according to on-chain analyst Ai Yi's monitoring, the new address "0xf44…b1CC43" withdrew 199,517 LINK from Binance hours ago, worth 2.5 million USD.

  • ETH breaks $3,000

     the market shows ETH breaking through $3000, currently at $3002.51, with a 24-hour increase of 2.19%. The market is highly volatile, please manage your risk accordingly.

  • BTC breaks through $89,000

    the market shows BTC breaking through $89,000, currently at $89,017.66, with a 24-hour increase of 1.03%. The market is highly volatile, please manage your risk accordingly.

  • BTC breaks through $88,500

     the market shows BTC breaking through $88,500, currently at $88,549.08, with a 24-hour increase of 0.69%. The market is highly volatile, please manage your risks accordingly.

  • BTC falls below $67,000

    market shows BTC has fallen below $67,000, currently reporting at $66,987.51, with a 24-hour increase of 0.41%. The market is experiencing significant fluctuations, please be prepared for risk control.

  • BTC breaks through $67,000

    the market shows BTC has broken through $67,000 and is currently trading at $67,011.99, with a 24-hour decline of 0.26%. The market is volatile, so please be prepared to manage risks.