Floki Inu integrates Chainlink price feeds to venture into DeFi
Floki Inu has become one of the most popular meme tokens in the market because of its development team’s efforts. After strong marketing tactics that have soared the token’s popularity in the market, Floki Inu is now looking towards decentralized finance (DeFi).
Floki Inu is a mimic of Dogecoin and the Shiba Inu cryptocurrency. It derives its name from Elon Musk’s Shiba Inu dog, which he named Floki.
Floki Inu moves towards DeFi
The Floki Inu team took to Twitter to state that its network had integrated Chainlink as it looked towards venturing into the DeFi sector. The team also shared a link to a blog post explaining this integration and its DeFi ambitions.
The team shared the link to its blog post on Twitter, which stated that Chainlink price feeds have been added to the Floki Inu network.
Chainlink price feeds are a common feature used by DeFi developers because it helps in tracking the real-time market prices, which creates convenience in developing on the network. These price feeds have been integrated by top blockchain networks such as Solana.
Floki Inu also added that the Oracle Network would also be a part of this project. The Oracle Network is a leading decentralized protocol that will help Floki Inu launch the DeFi network.
The Floki Inu team further states that “Part of our strategic plan for ensuring utility and wide appeal involves providing DeFi access to FLOKI users. This will be done through smarty, strategic partnerships with key industry players as well as the eventual launch of our own DeFi products as we develop the FLOKI ecosystem.”
The rise of Floki Inu
As aforementioned, the growth of Floki Inu has been attributed to the efforts that the token’s development team. One of the areas where this team has invested heavily is in marketing. The Floki Inu token is now a popular meme token because of the rigorous marketing tactics.
The Floki Inu team made a bold move by running an ad on London’s public transport system. However, this ad was taken down because of regulatory concerns.
On December 3, FLOKI appeared in an ad on Burj Khalifa, the world’s tallest and most popular skyscraper in Dubai. This created a niche for the token in the Middle East market.
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Author: Ali Raza