FLOKI has been listed by Orion Protocol and has hit a new milestone in user count number
Twitter account @RealFlokiInu announced that one of the most popular meme tokens, Floki Inu, has been listed by Orion Protocol. Also, it has reached a new milestone regarding its number of users.
According to the tweet, the new listing will enable FLOKI to access the highest level of liquidity, similar to the other two popular canine tokens, Dogecoin and SHIB. Along with Floki, these two were inspired by dog breed Shiba Inu and, as per the author of the tweet, will now make up a “memecoin trilogy” on Orion.
According to the Orion website, it aggregates liquidity from the entire crypto market (from decentralized exchanges, centralized exchanges, exchange pools, etc.) to a single decentralized platform.
Beyond that, the FLOKI army has grown to 400,000, according to another recent tweet—which is a new milestone for the community.
Potential CEX Lists and More Decentralization for FLOKI
According to the FLOKI blog post, the transition to DAO will provide greater decentralization for the coin and the ecosystem and potentially allow Floki Inu to be listed on centralized crypto exchanges (CEX). The latter has been a major goal of the FLOKI developers.
DAO stands for Decentralized Autonomous Organization, collectively owned and managed by its community members. Decisions on DAOs are made by voting, DAO tokens can be purchased by members to fund the further development of the organization, and DAO coin holders also receive a fixed percentage of trading volume on crypto exchanges. Thus, owning these coins can be compared to owning the shares of a company.
Popular DAO parts right now include UNI, MAKER, DASH, SUSHI, ZRX, AAVE and COMP.
Additionally, the FLOKI team believes that turning Floki Inu into a DAO will boost its adoption and increase its chances of becoming one of the top-ranked cryptocurrencies.
Here’s when the update happens
The upgrade will take place on Saturday, January 22 in the morning UTC and will take approximately 48 hours. More details will be provided by the team early in the process.
The developers warn that FLOKI holders do not need to take any action to participate in the first part of this DAO transition.
All CEXs where FLOKI is now listed will support the upgrade, so community-held FLOKI coins will be covered whether they are held in an exchange wallet or off-exchange.
Staked FLOKI tokens will be liquidated
Users who have used their FLOKI as collateral are recommended to repay their loans until next Friday unless they wish to be liquidated. Users whose FLOKI is staked in DeFi protocols other than BarnBridge or Inverse Finance are also highly recommended to withdraw their meme coins.
