Meme Coin Inspired by Elon Musk’s Dog Barrages London with Ads
Floki Inu, the meme coin inspired by Elon Musk’s dog, is trying to leverage the crypto craze by posting ads throughout London. Primed to be the biggest meme coin, Floki is available on PancakeSwap and Uniswap at 4% slippage each.
The coin is gaining massive promotion by flocking the London public transport system. Advertisements stating “Missed Doge? Get Floki” are appearing across buses, trains, and stations, across the United Kingdom capital.
The aim of the advertisements is simple- legitimizingFloki and facilitating confidence among consumers. Sabre (alias), Floki Inu’s head of marketing, commented on the situation. According to Sabre, the market is filled with fraud projects, so it is a viable step to spark confidence among average buyers.
Sabre added that the ad campaigns would run subsequently throughout the London public transportation framework. In addition, the supporters have already made arrangements to advertise the coin on billboards in Los Angeles legally. Moreover, the team plans to promote Floki Inu across China, Russia, and Japan.
Floki launched on the Ethereum network and is operable on the BSC (Binance Smart Chain). No information indicates Elon Musk’s involvement with the coin. Neither Floki nor Elon has released any statement about the association.
The only notable information about the project is its partnership with the Million Gardens Movement. The group works with an NPO operated by Kimbal Musk, the younger brother of Elon Musk. According to CoinGecko, Floki was valued at nearly 0.00006076 dollars on Wednesday.
According to the Floki Inu website, the coin embodies a movement and will offer three utility purposes:
- Valhalla, an NFT gaming metaverse
- FlokiPlaces, a merchandise and NFT marketplace
- Floki Inuversity, an educational and content platform
The venture is spending 1.5 million dollars in marketing for aggressive and targeted campaigns. On the other hand, the UK’s Financial Conduct Authority released a warning regarding speculative tokens. Charles Randell, the FCA’s chair, stated that the FCA does not regulate tokens. Therefore, users should be prepared to lose money in speculative assets.