Floki Month in Review: July 2022
Sometimes, there is so much going on at Floki that it can be difficult to keep track. Going forward, we will be publishing a Monthly Review which gives an overview of what has happened for Floki in the past month — starting with July, 2022!
July was a very exciting month for Floki!
To start with, the Floki 2022 development roadmap (with a focus on the second half of the year!) which was released on the eve of July helped set a clear agenda for the month.
Specifically, the roadmap made it clear that the following will happen in July:
- The release of the long-awaited Floki Gemstone NFTs.
- The release of the first version of the “Project L” protocol.
Furthermore, while we did not specifically state that this will happen in July, we were clear that there will be Valhalla patch updates and introduction of a new Vera in Q3.
So how did we fare?
Valhalla Patch Updates and Introduction of the Skaerrot Vera
July was an exciting month for Floki as far as the development of our flagship utility product Valhalla is concerned!
We released this bad boy here:
That’s a Vera known as a “Skaerrot”.
The mischievous new Vera allows Valhalla players to try out 4 brand-new abilities in the game:
- Homing Carrot
- Carrot Rain
- Terrain Shift
You can read the Skaerrot release note for a full description of the abilities of our brand new Vera.
Besides the release of a new Vera, we also introduced a patch update that fixed known bugs, improved the overall gaming experience, and introduced a fourth ability for the Húshroom Vera. You can read the full patch notes to learn more about exactly what updates were pushed.
As promised, we released the Floki Gemstone NFTs in July as well.
The Gemstone NFTs are an exclusive set of NFTs that were introduced in January following Floki’s Nottingham contract upgrade. Certain criteria had to be met to qualify for these NFTs, and holders of these NFTs get certain benefits including:
- Being able to use products in the Floki Ecosystem without paying fees.
- Being among the first set of people to get access to the Floki Debit card that will be released later this year.
- Getting airdropped a portion of future tokens that will be launching within the Floki Ecosystem.
- Getting a unique advantage in Floki’s Valhalla Metaverse game.
There are three types of Gemstone NFTs:
- The Aurum Gemstone of Truth.
- The Diamond Hand Gemstone.
- The Ruby Heart Gemstone.
We also listed the Gemstone NFTs on the OpenSea NFT marketplace (for ETH holders) and are in discussions with a leading BSC NFT marketplace to list them for BSC holders.
You can find the OpenSea collection here: https://opensea.io/collection/floki-gemstones
Note: A number of users reached out about being unable to claim their Gemstone NFTs. These cases are being looked into and will be addressed in the coming days.
Project L First Release
July also saw us release the first version of the FlokiFi Locker protocol, codenamed “Project L”.
The much anticipated protocol has been shrouded in mystery since it was first announced in January 2022, but we’re proud to finally say the first release is live!
FlokiFi Locker is Floki’s innovative digital asset locker solution that is powered by the FLOKI token.
A couple highlights about the FlokiFi Locker:
- It is the first and only locker protocol to implement the ERC-1155 multi-token standard.
- It is the first and only locker protocol to allow batch locking NFTs.
- It is the first and only locker protocol to allow locking of multiple assets in a single transaction.
25% of FlokiFi Locker transaction fees go towards a transactional buy and burn of FLOKI tokens which is required to power the protocol, essentially making Floki perpetually deflationary. The remaining 75% of transaction fees goes to the Floki treasury and enables us to be more efficient operationally, develop more utility for Floki, and grow adoption of the Floki Ecosystem.
Delivering on Our Promises
Not many projects continue to build aggressively during a bear market, and even fewer projects deliver on promises made in their roadmap. This is where Floki aims to be different.
We are excited to say that we were able to deliver on promises made in our roadmap for the month of July, and we intend to continue to do so going into the rest of the year.
Other Exciting Developments In July
Besides delivering on the promises made on our roadmap, there were several other exciting developments for Floki in July.
Two Critical DAO Votes
July saw the Floki DAO vote on two critical issues:
- The first vote is about whether a deadline should be introduced for blacklisted wallets that benefited from the V1 inflation bug to send in excess tokens they got.
- The second vote is about what happens to the excess tokens after they’ve been returned; the DAO had an option to vote to burn these tokens or allocate them to the Valhalla & Floki treasury.
Consequently, a deadline has been set for blacklisted wallets to return excess tokens latest by September 12, 2022 in line with the DAO vote. Excess tokens recovered will also be allocated to the Valhalla & Floki Treasury.
Three New CEXs Listings
Floki also stood out with three new CEX listings in July:
- You can now trade Floki on the Litebit exchange.
- You can now trade Floki on the Bybit exchange.
- You can now trade Floki on the Bitwell exchange.
These new exchange listings show the strength of the Floki Vikings and the fact that we continue to work hard to have Floki listed on as many platforms as possible to fast track adoption and fulfill our vision of making Floki the world’s most used cryptocurrency.
What to Expect in August and Q3
With July out of the way, a question that arises is what lies ahead for Floki in August and the rest of Q3?
Here are some highlights:
FlokiFi Locker to Go Live on Mainnet
FlokiFi Locker will go live on mainnet in August. We’re actively working with our security partner Certik to finalize the audit they are doing for the FlokiFi Locker protocol.
As soon as this audit is finalized, we will be announcing a date for the mainnet launch of the protocol.
FlokiFi Locker Partnership Announcements
We will also be announcing several major partnerships/integrations for the FlokiFi Locker in August.
These are partnerships involving respected brands that we are integrating and/or have agreed to use the FlokiFi Locker protocol and recommend it to their users.
Several of these partnerships will be announced before FlokiFi Locker goes live on mainnet.
These partnership announcements will make it clear that not only have we put in serious effort into developing the most innovative digital asset locker protocol in the market today, but we’ve also done a lot of work to onboard heavyweight partners for the protocol before its launch.
One of the top requests from Floki Vikings is to be able to stake their tokens .
Staking is something we consider to be very important, especially considering that we have a strong community of diamond hands Vikings. As such, it is on top of our agenda for Q3 and we plan to introduce some exciting staking options soon that are directly built by our team.
We’ve hinted at the fact that we have other surprises planned for Q3 and the rest of this year that we intentionally omitted from our roadmap. Who doesn’t like surprises, right? 🤔
We will be dropping a few of these surprises over time, so stay tuned and watch this space!
Floki’s Vision and End Goal
In conclusion, we will like to reiterate our vision and end goal with Floki:
As the people’s cryptocurrency we want to be to most known and most used cryptocurrency in the world by providing actual value and utility to the people while also contributing to making the world a better place through charitable initiatives; our main goal is to liberate the underserved and underrepresented in the world — the people whom crypto was originally designed for — directly and indirectly through Floki.
We are counting on your support towards achieving this goal — both in standing by the Floki team and the project as well as recruiting as many people as you can to join us on this mission.