Floki Inu partnered with ApeSwap, can this boost its value?

Floki Inu (FLOKI/USD) is essentially a dog-themed meme cryptocurrency inspired by competing tokens such as Shiba Inu (SHIB/USD) and Dogecoin (DOGE/USD).  

In fact, the coin is named after Tesla and SpaceX’s Chief Executive Officer, Elon Musk’s dog. Floki Inu stands out due to the fact that it aims to become its entire ecosystem.

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This includes the development of a non-fungible gaming token (NFT) metaverse known as Valhalla, an NFT and merchandise marketplace called FlokiPlaces, as well as a content and educational platform called Floki University.

The ApeSwap partnership as a catalyst for growth

On August 16, 2022, Floki Inu made an official announcement on their Twitter page that they are partnering up with ApeSwap as a means of allowing users to purchase FLOKI at a discount.

This will be conducted through the utilization of the new, sustainable liquidity mining (SLM) program. 

This SLM program, according to the Floki Inu team, utilizes yield-bearing NFTs known as Treasury Bills. These can be purchased through the usage of Liquidity Provider (LP) tokens as a means of receiving tokens at a discount.

Then, in order to create liquidity, users simply sell these Treasury Bills. This could lead to an increased appeal for the FLOKI token, which can lead to a higher value.

Should you buy Floki Inu (FLOKI)?

On August 17, 2022, Floki Inu (FLOKI) had a value of $0.00001566.

To get a better perspective as to what this value represents for FLOKI, we will go over its all-time high point of value and its performance in July.

Floki Inu (FLOKI) had its all-time high on November 4, 2021, at a value of $0.00033651.

Going over the performance in July, Floki Inu (FLOKI) had its lowest point of value on July 1 at $0.000005346.

Its highest point of value was on July 31 at a value of $0.00001573.Here we can see that throughout the month, FLOKI grew in value by $0.000010384 or by 194%.

With this in mind, we can expect FLOKI to reach a value of $0.00002 by the end of August 2022, and its latest partnership with ApeSwap makes FLOKI an appealing token to buy, which you can do so here.