After a week of successful sailing on the Ethereum network, Floki Inu and the Viking community stopped to rest on nearby shores. This was the land of Binance Smart Chain. The Floki Viking community looked at the rich lands of BSC, the low fees, the large population of users with pockets full of gold, and they realised that BSC was RIPE FOR CONQUEST.
The Floki Viking community began to march into BSC, but before they could enter the rich lands of BSC, they came across a river with only one bridge. The Floki Vikings were not afraid — they would take the BSC bridge and conquer the lands of Binance Smart Chain. The Floki Vikings raised their banners and prepared to charge.
BSC Bridge Details
ON WEDNESDAY 21ST JULY 2021 (TENTATIVELY) FLOKI INU WILL BRIDGE TO BINANCE SMART CHAIN.
Floki Inu will bring BSC to the Floki Inu eco-system by creating a liquidity pool on PancakeSwap while ensuring that total circulating supply across both the ETH and BSC chains never exceed 10T tokens as originally promised.
What this means is that FLOKI gets access to the BSC community (which has more users than ETH and lowers the barrier for all to enter cryptocurrencies) without actual supply increasing.
The Floki Inu team has successfully bootstrapped the LP funds for the BSC launch and are ready to launch upon confirmation from dev.
There will be an ETH-BSC bridge with a 1:1 swap for FLOKI holders to move seamlessly between ecosystems.
Due to the 1:1 swap, the supply of FLOKI between ecosystems will be connected. The transaction tax will not be applied to bridging:
This means you won’t pay the FLOKI transaction tax when moving tokens between the ETH and BSC chains. You will only pay the tax when doing usual buying, selling, or transfers.
FLOKI will remain the same and this bridge is being built to onboard new users and expand the Floki Inu ecosystem. It is up to users whether they prefer to hold FLOKI on the ETH or BSC network.
BSC will have a 10% tax, 7% of which goes to the treasury and 3% towards redistribution.
This tax will be adjusted to allow for more redistribution in the future (5% marketing and 5% redistribution).
ETH tax will also be adjusted to 10% (5% redistribution and 5% burn) to ensure tax is in sync across both blockchains.
The Floki Inu transaction tax on BSC.
- 7% Marketing
- 3 Reflections
- This will be adjusted to 5% marketing and 5% redistribution in the future.
- The MAX tax will always be 10%.
The BSC bridge will bring a new market of BSC users to Floki Inu. The BSC network is home to millions of users attracted by BSC’s low fees, meaning that Floki Inu will benefit hugely and become even more accessible to users. These famed BSC warriors will be recruited to Floki’s Viking army. Floki will UNITE THE LANDS OF ETH AND BSC, building a MIGHTY VIKING ARMY of famed warriors from both ecosystems.
As if this wasn’t enough, the Floki Inu Vikings are also setting up shop. With their rich plunder and gold, Floki Inu will be setting up a Floki Inu marketplace — a FLOKIPLACE! The Flokiplace will allow users to buy and sell NFTs and FLoki Inu merchandise USING THEIR $FLOKI. This will bring added utility to the $FLOKI coin. Floki Inu is going to be the first multi-chain ‘meme’ coin that becomes more than a meme and builds utility to its token holders with Flokiplace.
Floki Inu has had an incredible journey so far, and we’re just getting started. The world is not ready for what Floki Inu is about to achieve. The Floki Vikings, united from the lands of ETH and BSC, will conquer the world of crypto.