Because of these rapidly changing times, various industries are more pressed to embrace developments and transformations that would cater to millions of people worldwide. With how competitive the world has become, different businesses and numerous ventures are now stepping up their games to stay afloat in a sea of contenders. Such is the case with FLOKI, an emerging household name in the cryptocurrency realm that has established a reputable standing for its innovative solutions and revolutionary contributions.
Since its inception, cryptocurrency has been known to only cater to a particular niche in the market, potentially blocking entry to those who do not have knowledge of the craft. However, the fast-growing and ever-evolving nature of the digital space has slowly revolutionized industries, breaking barriers that spark and support development. Widely recognized as people’s cryptocurrency, FLOKI is a project that not only aims to revolutionize the space by providing solid utility and leveraging the power of memes to ensure mainstream appeal and adoption but also seeks to bring Decentralized Finance or DeFi to the masses, opening more doors of opportunities for go-getters and dreamers worldwide.
On a mission to drive change and impact lives, FLOKI is excited to announce its recent integration of Chainlink Price Feeds on the ETH and BSC blockchains. Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. By integrating this decentralized oracle network, FLOKI aims to bring DeFi to the masses.
“Our initial integration involves the use of the following Chainlink Price Feed: FLOKI/USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production,” shared a FLOKI spokesperson.
Chainlink oracle networks help secure leading DeFi protocols responsible for tens of billions of dollars in smart contract value, maintaining robust security and high availability even amid unexpected events, such as downtime, flash crashes, and data manipulation attacks. In order to provide users with more utility while actualizing its plans of breaking into DeFi, FLOKI needed access to fresh asset prices that are supplied on-chain directly in a highly reliable manner. On top of that, its play-to-earn NFT gaming multiverse, Valhalla, also needs a price feed to accurately gauge the value of its treasury for quest rewards, as well as other play-to-earn mechanics. Because Chainlink checks all the boxes, FLOKI believes that integrating this decentralized oracle network will provide users with an assurance that the price obtained in an options transaction is accurate, ensuring smoother transactions between buyers and sellers.
In an interview, MrBrown Whale, FLOKI’s core strategist, explained, “Our integration of Chainlink Price Feeds is an important step in FLOKI’s DeFi journey. We now have access to high-quality pricing data, helping us to facilitate essential integrations that will support FLOKI’s DeFi utility.”
As can be gleaned from FLOKI’s promising vision, it is clear that this is only the beginning. With no intentions of slowing down soon, it hopes to successfully provide seamless entry to millions of people worldwide while serving as a launching pad for dreamers and go-getters.
To know more about FLOKI, you may visit its Twitter page.