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Blockcast.cc, a leading blockchain media company will be hosting Flokinomics for an AMA “Ask Me Anything” session on 12 October 2021, 8.00 pm Singapore time on Telegram Channel, Asia Blockchain Community (https://t.me/Blockcastcommunity).
An elastic supply (or rebase) token works in a way that the circulating supply expands or contracts due to changes in token price. This increase or decrease in supply works with a mechanism called re-basing. When a rebase occurs, the supply of the token is increased or decreased algorithmically, based on the current price of each token. In some ways,
elastic supply tokens can be paralleled with stable coins. They aim to achieve a target price, and these re-base mechanics facilitate that. However, the key difference is that rebasing tokens aim to achieve it with a changing (elastic) supply.
Flokinomics differs by having an increasing peg price, an upcoming. Supply-elastic tokens work differently. As mentioned, the re-basing mechanism adjusts the token circulating supply periodically. Let’s say we have an elastic supply token that aims to achieve a value of 1 USD. If the price is above 1 USD, the re-base increases the current supply, reducing the value of each token. Conversely, if the price is below 1 USD, the re-base will decrease the supply, making each token worth more.
Some highlights about Flokinomics :
Developer Fees 2%
2% is Distributed to the Dev & Owner
Doge rewards 5%
Let’s be honest $Doge is one of the best coins to receive rewards in due to the fact it’s extremely friendly to the environment when it comes to carbon footprint!
3% Will be added into the liquidity pool
5% Will be added to the marketing wallet
“When I read a news on Yahoo saying Flokinomics, a Dogecoin wannabee knockoff named after Elon Musk’s dog Floki, went up 2,300% in the past 24 hours.
I think we should meet them and coincidently one of their community members reach out to our community and after speaking to Omar (@Omz19), the owner of Flokinomics. We feel the need to hear his side of the story and the results he intends to deliver for his token.” John Kim, Editor of Blockcast.cc commented.
The Asia Blockchain Community (ABC) is a community based and run by volunteers in Asia. ABC understands the market well and is supported by a panel of blockchain and crypto experts and influencers. The community has hosted more than 50 projects in recent months.
More information about Flokinomics can be found at https://www.flokinomics.com/ or you can learn their latest development on Twitter:
— Flokinomics (@FlokinomicsCoin) October 9, 2021
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