After a week of successful sailing on the Ethereum network, the Floki Inu and Viking community took a break near Binance Smart Chain. Upon surveying the region, they noticed its abundance of resources – low fees, ample users with wealth – and were filled with an eagerness to CONQUER these lands.
The Floki Vikings fearlessly set off towards BSC, but before they could reach its prosperous lands, they encountered a river with only one bridge. Undeterred, the Floki Vikings decided to take the BSC bridge and seize control of the Binance Smart Chain. As they raised their flags and readied themselves to march forward, they were determined to make their mark.
BSC Bridge Details
Tentatively scheduled for Wednesday, July 21st 2021, Floki Inu will be transitioning to the Binance Smart Chain.
Floki Inu will incorporate BSC into their ecosystem by setting up a liquidity pool on PancakeSwap, ensuring that the total amount of tokens in circulation across both ETH and BSC networks never surpass 10T tokens, as previously declared.
This implies that FLOKI can gain access to the BSC community (which has a greater user base than ETH and reduces the difficulty for all to enter the realm of cryptocurrencies) without inflating its supply.
The Floki Inu team has successfully acquired the necessary funds to initiate the BSC launch and are prepared to proceed upon receiving confirmation from development.
FLOKI holders will have the ability to transition easily between ETH and BSC networks with a 1:1 exchange.
The FLOKI supply between ecosystems will be linked through the 1:1 exchange, and no transaction fee will be imposed for the connection.
You won’t be charged the FLOKI transaction fee when transferring tokens between ETH and BSC chains. However, you will be required to pay the tax when making purchases, sales, or exchanges.
FLOKI will stay the same and this bridge is being constructed to introduce new users and extend the Floki Inu environment. Users have the choice of whether they would rather retain FLOKI on the ETH or BSC network.
BSC will impose a 10% tax, with 7% going to the treasury and 3% for redistribution.
This tax will be modified to facilitate increased sharing of revenues in the future (5% for marketing and 5% for redistribution).
ETH tax will be set at 10% (with half going to redistribution and the other half being burned) to ensure consistent taxation between 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 open up a new audience of BSC users to Floki Inu. With its low fees, the BSC network has attracted millions of users, which gives Floki Inu a huge advantage and makes it more accessible to customers. These renowned BSC warriors will be incorporated into Floki’s Viking legion. Through this alliance between ETH and BSC, Floki will create an impressive army composed of warriors from both ecosystems.
The FLOKIPLACE
The Floki Inu Vikings are taking things even further by setting up a FLOKIPLACE! This marketplace will enable users to purchase and sell NFTs and merchandise with their $FLOKI. This will increase the practical value of the $FLOKI token. The Floki Inu is set to be the very first multi-chain meme coin that goes beyond being just a funny image and provides utility for its holders through its Flokiplace platform.
Floki Inu’s journey has been remarkable to this point, and there is still much more to come. The magnitude of what Floki Inu is set to accomplish is beyond comprehension. The Floki Vikings from the realms of ETH and BSC will be triumphant in the crypto realm.
