Floki Inu’s roadmap shows plans for controlled bank accounts
The development team behind dog-themed memecoin Floki Inu has unveiled its roadmap for 2024, revealing several upcoming features and consumer-focused initiatives. This includes controlled digital bank accounts enabling users to create and fund bank accounts using FLOKI tokens.
The roadmap mentions integration with the Venus Decentralized Finance (DeFi) protocol, the introduction of the Floki debit card, and the upcoming release of the Valhalla mainnet.
In partnership with an undisclosed licensed fintech firm operating in strategic locations such as Canada, Spain, Dominica, Australia and the United Arab Emirates, these digital bank accounts facilitate Swift payments and Single Euro Payments Area International Bank Account Numbers (SEPA IBANs).
In addition, the upcoming introduction of FLOKI debit cards will allow individuals to link their digital bank accounts to debit cards, providing a convenient and secure way to use their FLOKI tokens for transactions in traditional currencies such as the Euro (EUR) and US Dollar (USD). .
According to the proposal, the initiative aims to expand traditional banking services to a wider user base by allowing them to use their FLOKI tokens, thereby increasing the use and adoption of cryptocurrencies.
Pending regulatory approval, Floki Inu intends to list its native token FLOKI on the Venus Core Pool. This effort is designed to improve the exchange of funds, allowing FLOKI holders to use their tokens to borrow assets such as DAI (DAI), Circle's USDC stablecoin, BNB (BNB), and Ether (ETH).
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By directly integrating Venus Markets with Floki's user interface (UI), the protocol ensures seamless access to the platform's liquidity.
Floki Inu intends to launch a cross-chain trading bot on Telegram and Discord, powered by the FLOKI token. It allows users to trade cryptocurrencies in significant blockchain networks. Specifically, half of the generated fees will be used to purchase and burn FLOKI tokens, enhancing their functionality and supporting a deprecated approach.
Finally, the anticipated launch of Valhalla, Floki Inu's main utility and Metaverse game will take place on the network. Valhalla includes on-chain gaming features on the mainnet, the PlayToEarn system, customizable NFTs, and a vast open-world environment.
In January, the Hong Kong Securities and Futures Commission (SFC) warned the public about the “Floki Staking Program” and “TokenFi Staking Program”. SFC pointed out that these products provide valuable services, which it hopes will generate 30% to 100% annual revenue. Despite this, they are not licensed for public sale in Hong Kong.
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