What is Shibafloki token?
Running on the Binance smart chain, shibafloki is the latest cryptocurrency to descend from meme dad DogeCoin. More specifically, it is a hyper-deflationary altcoin with a smart sharing system built into the ecosystem, so more shibafloki are added to each user's wallet. This means that cardholders automatically receive a 5% commission for every transaction that takes place on the shibafloki network.
Shibafloki may be the latest meme coin craze whose value is about to explode.
The coin is allegedly created by fans of elon musk and aims to improve transaction speed and 'worship'. The coin has a 5 second block time and generally cheaper gas rates compared to DOGE's 60 seconds.
Shibafloki is still in its infancy, both in terms of project progress and market value. But progress is being made - and a succinct comment from Elon Musk has ignited enthusiasm around this new project dedicated to dogs.