Thursday, January 20, 2022
Home Crypto News Market A Look At Floki Inu-ChainLink Integration Benefits, Floki Also Invite Other Defi...

A Look At Floki Inu-ChainLink Integration Benefits, Floki Also Invite Other Defi Protocols To Join Them

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Floki Inu (FLOKI), a canine-themed coin, is gaining massive popularity nowadays. The reason behind this popularity is its super-affordable buying price and many of the retail investors are showing interest in buying this token because they think one day they might become millionaires even if FLOKI only goes to a penny.



Recently FLOKI announced a strategic plan to break into DeFi by integrating Chainlink Price Feeds on the ETH & BSC blockchains. This integration will give FLOKI access to endless possibilities when it comes to utility.

Floki, ChainLink Integration Benefits:

Floki Inu made this move because the team wants serious utility for the Floki token.

  • Floki’s team announced some of the utilities that will be happening soon due to Chainlink integration include Staking, Lending, and Borrowing. This integration will also play a key role in helping FLOKI‘s P2E NFT game function efficiently.
  • Chainlink integration will facilitate Floki users to utilize FLOKI tokens as collateral and borrow loans.
  • Instead of selling FLOKI tokens, users will be able to use them as collateral in a DeFi protocol which the Floki team will integrate with and take a loan in USDT, ETH, BTC, or some other cryptocurrency.
  • Users will also be able to stake FLOKI tokens or lend it out and earn interest on it depending on the individual arrangement of the DeFi protocol the team will integrate with or the provisions of the protocol the Floki team builds themselves.

The team invited other DeFi protocols and solutions to join FLOKI via tweet:

“We are also open to chatting with other DeFi protocols and solutions that want to integrate FLOKI — so feel free to reach out if you feel you have something to offer the Vikings. We’ve got Chainlink now.”

 

To tackle scams and secure investors’ money Floki Inu (FLOKI) team also issued a warning message to investors via tweet. In the tweet, the Floki team made it clear to the investors that they have nothing to do with any of the scam tokens popping up every day claiming to be created by the “FLOKI dev.”

In a fresh breakthrough, Canadain Healthcare Company ‘Ask The Doctor’ Added Floki Inu As A Payment Method, and Floki announced that they will be featured in the Bundesliga and Europa League, by becoming official partners with a german professional football club Bayer 04 Leverkusen.

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Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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