The post Floki Name Service Goes Live, Will It Trigger Price Rebound? appeared on BitcoinEthereumNews.com.

Memecoin sensation Floki has announced that its Name Service is now live on the BNB Chain mainnet. FLOKI Expanding its Utility The Floki Name Service feature is a decentralized domain offering that allows anyone to create a decentralized .floki domain name. Beyond the representation of on-chain identity, the .floki domain names can be leveraged for other use cases. Per the project’s published post, the domain names can be used to launch a decentralized website, blog, or résumé when its decentralized website service goes live soon. FLOKI NAME SERVICE IS LIVE Floki Name Service is live – exclusively on BNB Chain mainnet. Floki Name Service is #Floki’s decentralized domain name service, allowing anyone to create a decentralized .floki domain name. It is built in partnership with @SpaceIDProtocol, one of the… pic.twitter.com/ARV0U5VD6D — FLOKI (@RealFlokiInu) June 10, 2024 The team behind the development of the name service utilized the SPACE ID infrastructure, a protocol that permits integration of some of the biggest Decentralized Applications (DApps) in the crypto industry. This includes Trust Wallet, SafePal, PancakeSwap, OKX Wallet etc. The main payment method for this service involves the use of the platform’s native token FLOKI. Notably, this development positively impacts on the utility of the digital currency as well as the fundamentals of the Floki ecosystem. According to the cost breakdown outlined in its post, the project said it will charge 160,000 FLOKI, valued at approximately $42.79 per year for 4 chars domain name . For 3 char domain name , users are required to pay 660,000 FLOKI, equivalent to $176.49 per year. The memecoin is now ranking as one of the top memecoins in the industry with an active growth and value addition strategy. The launch of the Name Service comes as a way to stump the dominance of its closest rival…

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Filed under: News - @ June 11, 2024 8:20 am