Floki Developers Look to Improve Token Fundamentals With New Trading Bot

During the initial stage, the Telegram bot will be accessible to a limited group of users for beta testing. This testing phase aims to identify and rectify any underlying technical issues before its public release, which is predicted around mid-June by Developer B.

As a blockchain analyst, I’ve noticed that B announced plans to extend the functionality of the service to both Ethereum and Base blockchains in the future. Developers anticipate this expansion will lead to heightened demand for FLOKI tokens due to the necessity for users to hold these coins in order to utilize the bot.

For each transaction, the bot levies a 1% charge, with half of the accumulated fees earmarked for purchasing FLOKI directly from the market, thereby increasing demand for the token.

The product is the newest addition to the collection of useful tools and a metaverse within the Floki system. The token was originally introduced in 2021 as a meme coin inspired by the Shiba Inu dog breed. However, it has since evolved into a utility token that powers various protocols and goods under the Floki brand.

In the beginning of 2023, there was a surge in the usage of trading bots on Telegram due to the introduction of Unibot. With this platform, individuals could effortlessly trade tokens through simple conversation on the messaging application, similar to chatting with friends.

The allure of these user-friendly products stems from the convenience they offer over decentralized exchanges like Uniswap. With centralized platforms, users don’t have to repeatedly log in to their wallets, verify token details, and pay hefty fees for each trade to be executed successfully.

As a researcher examining the cryptocurrency market trends, I’ve discovered that FLOKI experienced a significant price increase of approximately 17% within the last 24 hours. In contrast, the CoinDesk 20 index, a broader measure of the crypto market, only registered a modest gain of 0.27%.