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​Floki Inu partnered with ApeSwap, can this boost its value? | Altcoin Holder

Floki Inu partnered with ApeSwap, can this boost its value?

Floki Inu (FLOKI/USD) is essentially a dog-themed meme cryptocurrency inspired by competing tokens such as Shiba Inu (SHIB/USD) and Dogecoin (DOGE/USD).

In fact, the coin is named after Tesla and SpaceX’s Chief Executive Officer, Elon Musk’s dog. Floki Inu stands out due to the fact that it aims to become its entire ecosystem.

This includes the development of a non-fungible gaming token (NFT) metaverse known as Valhalla, an NFT and merchandise marketplace called FlokiPlaces, as well as a content and educational platform called Floki University.

The ApeSwap partnership as a catalyst for growth
On August 16, 2022, Floki Inu made an official announcement on their Twitter page that they are partnering up with ApeSwap as a means of allowing users to purchase FLOKI at a discount.

This will be conducted through the utilization of the new, sustainable liquidity mining (SLM) program.

This SLM program, according to the Floki Inu team, utilizes yield-bearing NFTs known as Treasury Bills. These can be purchased through the usage of Liquidity Provider (LP) tokens as a means of receiving tokens at a discount.

Then, in order to create liquidity, users simply sell these Treasury Bills. This could lead to an increased appeal for the FLOKI token, which can lead to a higher value.