Flokifi lockerIt was released by Flock Teams allow users to lock digital assets such as LP tokens, Fangible tokens, NFTs, and even multi-tokens. But what makes the Flokifi locker stand out is not only it locks, but how it does it.
What is a Flokifi locker?
Flokifi Locker is a smart contract-based digital asset locker protocol created by the team behind the Floki token. Multiple blockchains allow users to securely lock various digital assets such as various digital assets (LP) tokens, ERC-20 tokens, NFTs, and multi-tokens.
Lockers act as a decentralized alternative to traditional trust systems, allowing developers and users to prove they are in it for a long period of time by extending or locking assets indefinitely.
The locker is equipped with a froche token, adding inherent value and long-term demand through a unique transaction model. But innovation lies in the way products are built, the standards they use, and the types of experiences they offer to both developers and retail users.
Image: Floki
It is built on modern standards
Most crypto lockers today only support the basic ERC-20 and ERC-721 token standards. Flokifi lockers take this one step further First and only locker Implement ERC-1155a multi-token standard that can handle both unreliable and non-fan tokens with a single smart contract. This will help the platforms to help blockchain games, Defi protocols, and NFT projects looking for flexibility.
The implementation of ERC-1155 means that users can lock multiple types of assets (some tokens, batches of NFTs) in a single transaction. This reduces gas fees, streamlines operations and minimizes security risks.
Multi-chain and easy to use
Flokifi lockers provide even more support EVM– A more compartable blockchain than any of its competitors. Included in supported chains Ethereum, BNB Chain,base, opbnb, polygon, phantom, avalanche, optimism, arbitrum, evmos, cronos, kucoin community chain, okxchain, and dogechain.
Despite the powerful backend, the front-end experience is simple. Users connect the wallet, select the blockchain, select the asset they want to lock and click. According to the Floki team, deep technical knowledge is not required. This is suitable for both crypto veterans and new projects founders.
Image: Floki
New Standards in LP Token Security
Liquidity Pool (LP) tokens represent the share of the liquidity pool in decentralized exchanges. These tokens can be misused or tuged by malicious actors. This is an exercise known as rag pull. Flokifi lockers allow developers to lock these LP tokens for a long time – Billions of yearsbecause the UI does not limit the lock period.
By locking LP tokens for a long period of time, project developers can signal long-term commitments and eliminate investor fears about sudden liquidity exits. It is also permitted on the platform Expansion of existing locks Give the token holders complete control before they expire.
NFT and Multi-Token: Lock and Security
NFTS locking is one of the more advanced use cases for Flokifi lockers. It will be effective Batch Rockallowing multiple NFTs to be protected by a single transaction. This is a great advantage for NFT collections or gaming assets that require multiple impossible tokens to be processed together.
The inclusion of the ERC-1155 also allows you to lock assets with both easy-to-request and non-capacity token characteristics that are often found in blockchain games and dynamic deficiency applications.
Built around Floki
The Floki token is the heart of how Flokifi Locker works. Users can first pay with USDT or native chain tokens, but the system It is essentially equipped with flokes. Through a unique talk name model.
How does this work:
- a Fixed fee You will be billed per transaction (50-100 USDT or equivalent).
- 25% of that price I’m used to it Automatically purchase and burn Floki tokenscreate a token deflation.
- rest 75% will be sent to Floki’s Ministry of Financepromotes ecosystem development.
For example, a project that locks $1 million with an LP token costs $5,000. $1,250 will be devoted to purchasing and burning the floki, while $3,750 will support the floki’s growth. This model creates Buying permanent demand and pressure On Floki, while continuing to fund.
Transparent pricing with strong value proposition
Flokifi lockers don’t hide behind complicated pricing. The fee is fixed and predictable.
- Token Lock: 50 USDT
- NFT Lock: 100 USDT
- Multi-Token Lock: 100 USDT
- Best of Tokens or Multi-Tokens: 100 USDT
- LP Token Lock/Best: 0.5% of LP value
Users can pay using USDT or chain-native tokens, but 25% purchase and combustion mechanisms are still in place, with Floki ensuring the centre of all transactions.
Ecosystems supported by real partners
Not only is Flokifi Locker technically superior, it is also supported by some of the biggest names in the crypto industry. Key partners include:
- Trader Joe (Avax’s biggest DEX)
- boyfriend (Layer 1 blockchain with over $14 billion in TVL at peak times)
- spookyswap, apeswap, Coinstatand more.
Flokifi lockers are also being tracked dextools and Geckoterminalwhich provides users with transparency and access to real-time data on locked tokens.
More than a locker – Vision
Flokifi lockers are not isolated products. It’s part of a bigger vision within the Floki ecosystem.
- ValhallaNFT-based metaverse game
- Floki UniversityCryptocurrency Education Platform
- flokiplacesNFT and Commodity Market
- A complete suite defi “Flokifi” brand tools
Each of these utility functions is supported by Floki tokens, further establishing its role as core utility assets within the project’s rapidly expanding ecosystem.
