Wrapped Floki (Universal)Price

(UFLOKI)

Wrapped Floki (Universal), or uFLOKI, is a cryptocurrency token that serves as a wrapped implementation of FLOKI. It is designed to enable trading and decentralized finance (DeFi) integrations across multiple blockchains. The Universal Floki Coin (UFLoki) operates as a token on the Ethereum blockchain and is also deployed as a BEP-20 token on the Binance Smart Chain (BSC). It aims to be a utility token within the Universal Floki ecosystem.

uFLOKI is primarily used for payments within the Universal Floki ecosystem, facilitating transactions for goods and services. Additionally, it functions as a utility token for staking and participating in governance, allowing holders to influence project decisions. The token also supports DeFi applications and Non-Fungible Tokens (NFTs). Universal Floki aims to offer interoperability between the metaverse, DeFi, and the gaming world, providing unique services.

uFLOKI is a "wrapped" version of FLOKI. The original FLOKI is a memecoin and utility token for the broader Floki Ecosystem, which includes initiatives like the Valhalla NFT Metaverse Game, the Floki Trading Bot, FlokiFi DeFi ecosystem, the University Of Floki Crypto Education platform, TokenFi, Floki Staking program, and FlokiPlaces NFT & Merchandise Marketplace. Universal is a cross-chain asset protocol that allows users to trade and utilize wrapped assets (uAssets), which are 1:1 backed representations of native cryptocurrencies, across various blockchains without relying on bridges or centralized exchanges.

The maximum total supply of UFLOKI is 200,000,000,000,000 UFLOKI. The project also self-reports a circulating supply of 100,000,000,000,000 UFLOKI. The tokenomics are designed to reward users for holding $UniversalFloki tokens for extended periods. While FLOKI itself employs deflationary mechanisms such as burning tokens from service fees and staking penalties, direct information on uFLOKI's specific tokenomics beyond its supply was not detailed.

uFLOKI tokens can be traded on decentralized exchanges. LBank and other platforms mention Wrapped Floki (Universal), suggesting it can be traded on such platforms.

Common concerns in the crypto space, particularly for meme coins or newer projects, include the risk of scams. Users are frequently advised to be cautious of direct messages, verify information from official sources like project websites and official social media, and conduct their own research to avoid deceptive schemes. The anonymity of the development team for Universal Floki Coin was also noted in its early stages.