As an argument in favor of placing the asset on the platform, the project team cited the rapid growth of capitalization in the absence of trading on major exchanges

Developers of Floki Inu create a petition demanding listing of the token on Binance

17.10.2022 - 15:45

383

2 min

What’s new? The developers of the Floki Inu token (FLOKI) created a petition on Change.org demanding that the coin be listed on the Binance cryptocurrency exchange. The project team noted that the asset is rapidly gaining popularity, despite the fact that it is not yet listed on any major centralized exchange (CEX). The number of FLOKI holders exceeds 390 000, and the capitalization of the token, according to the developers, is $700 million.

The petition on Change.org

Developers' arguments in favor of the listing. The team noted that marketing campaigns are making the asset increasingly recognizable compared to cryptocurrencies in the top 10 by market capitalization. In addition, FLOKI has partnered with eight leading football clubs.

The developers explained that the Floki ecosystem provides users with a number of services, including the blockchain game Valhalla, the educational platform Floki University, the marketplace FlokiPlaces, and access to decentralized finance (DeFi). They stressed that FLOKI owners want to be able to trade the asset on Binance, adding:

“The volume FLOKI has gotten without any major exchange proves strong demand and interest in it — and a Binance listing will mutually benefit FLOKI and the Binance platform.”

As of October 17, 15:15 UTC, 29 129 people have signed the petition.

What is known about Floki Inu? It is an ERC-20 standard token based on the Ethereum blockchain. In 2021, Elon Musk said on Twitter that he wanted to get a Shiba Inu dog and name it Floki. The developers created a cryptocurrency similar to the already popular at that time meme coins Dogecoin (DOGE) and Shiba Inu (SHIB). On August 1, Musk promised to tweet photos of his dog, named Floki, after which the rate of the meme-cryptocurrency rose by 25%.

FLOKI is trading at $0,00000725, down 0,6% overnight, according to aggregator CoinGecko.

Earlier, the Terra Classic community demanded that the LUNC token be listed on the Coinbase crypto exchange. The petition was signed by 3539 people. Project investors claim that the asset is quickly recovering its position.

Subscribe to Getblock Magazine and stay up to date with the latest news from the world of cryptocurrencies and the digital economy