Popular meme coin Floki ($FLOKI) has soared 40% in 7 days and 15% overnight on news that the team behind it is introducing a new Telegram-based trading bot into the Floki ecosystem.
According to a Twitter announcement, the bot launched yesterday evening as a closed beta test.
The marketing bumf for the bot says “Our aim is to advance the way you trade, making it faster, easier, and more efficient.”
ANNOUNCING: The Floki Trading Bot Closed Beta Mainnet Launch
We’re pleased to announce the launch of the Closed Beta of the Floki Trading Bot on the mainnets of the Ethereum, BNB, and Base blockchains!
The beta is currently open to an initial 150 users on a first come first… pic.twitter.com/Yr1FSYzmg6
— FLOKI (@RealFlokiInu) May 27, 2024
The Floki bot utilizes $FLOKI as its native utility token and charges a 1% fee on every trade. Half of the fee-based revenue will go towards buying back and burning $FLOKI tokens while the other half will go into the treasury.
Anyone who wants to join the closed beta can do so by following the instructions in the announcement tweet above. There are 150 places for the two-week beta test and these are allocated on a first-come-first-served basis.
Participants are obliged to submit at least 2 feedback reports a week, make at least four weekly trades and complete a survey at the end for a currently undisclosed reward.
The public launch will happen “in a few weeks time” and will bring the new Floki bot to $FLOKI’s 480,000 holders.
Floki launched in 2021 and is named after Tesla CEO Elon Musk’s pet Shiba Inu.
The trading bot news means that Floki is today outperforming market leader Bitcoin ($BTC) which failed to grow in price overnight.
At its current price of $68,511, the world’s original and favorite
Read more on cryptonews.com