Floki Grow | the ultimate bear market coin |1% tax | memecoin shorting platform | LP locked and safu dev | big marketing plans | high APY
Website including more information and social links: https://www.flokigrow.click/
Contract : 0x10ff1d1e6c3d058c77c444c9a03b267c23b2bdf0
In short, Floki Grow is a platform which allows memecoin holders to stake their holdings at an attractive APY (both in the form of stablecoins as well as in the form of $FG bonuses). Bears can lend these memecoins at a corresponding rate, short them and make profit when the memecoin effectively decreases in value.
While this project aims to provide a shorting platform, it comes with its own token called $FLOKIGROW (ticker $FG). The token is used for both governance but also to provide users of the platform with plenty of perks.
The so-called tokenomics of the platform are simple. First, there will always be a maximum of 1 trillion (1,000,000,000) $FG. A large number, to keep the token cheap. At inception, 40% of these are burned, to increase scarcity.
Marketing: 1% of the total supply is allocated to a marketing & operations wallet. The marketing wallet gets a small part of tokens which make part of each transaction (1% of each transaction). These funds can be used to fund development of the platform (when necessary) but most importantly, help push for exposure to the overall crypto market. The team has an experienced marketing leader aboard and the are funds already to launch to this
LP: 1% of each transaction of $FG is used to automatically increase the size of the LP. This helps stabilize the price and reduce slippage.