Floki (FLOKI) is a next-generation memecoin that combines entertainment with usability. Inspired by the first dog-based memecoin Dogecoin (DOGE), Floki (FLOKI) adds superior functionalities to the memecoin market through its immersive decentralized finance (DeFi) ecosystem. Named after Elon Musk‘s pet Shiba Inu, Floki (FLOKI) aims to be “the people’s cryptocurrency” and has built a significant community of over half a million registered wallet holders. In this article, you can find answers to two frequently asked questions: What is Floki (FLOKI), and how to buy Floki (FLOKI) with TRY.
What is Floki (FLOKI)?
Floki sets itself apart from traditional memecoins by addressing the usability gap in the memecoin market. While memecoins like Dogecoin serve as cryptocurrencies, they often lack additional features. In contrast, Floki offers full support for DeFi features by combining passive income opportunities with programmable features for NFTs, games, and financial applications.
Floki operates as a fully autonomous protocol leveraging smart contracts and a decentralized ecosystem to provide returns to users. Supporting technologies such as Play-to-Earn (P2E) games, NFTs, and advanced DeFi pools, Floki offers users a wide range of opportunities to interact with the platform.
A notable aspect of Floki is its humanistic efforts inspired by Dogecoin’s community initiatives. Floki aims to support various philanthropic causes, including building a high-tech school in Ghana and other regions globally, showcasing its commitment to social impact and community-focused projects.
The community supporting Floki, known as Floki Vikings, has played a significant role in increasing adoption and fostering innovation in the DeFi market. With a large and active community, Floki benefits from increased liquidity, security, and decentralization. The project also maintains an active social media presence to engage effectively with its community.
Floki operates through a combination of advanced features, including FlokiFi, FlokiPlaces, Valhalla, Floki University, and its main network asset FLOKI coin. The platform charges a 0.3% fee on all transactions contributing to the development of the network and its ecosystem.
FlokiFi provides DeFi functionalities such as digital asset lockers, while FlokiPlaces allows users to trade and collect NFTs in a marketplace. Floki University offers educational resources to maximize user interaction with the ecosystem, and Valhalla serves as an NFT gaming metaverse tied to the platform.
How to Buy Floki (FLOKI) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Floki (FLOKI). On Binance TR, where an account can be created quickly, over 100 cryptocurrencies, including FLOKI, can be bought and sold. To buy Floki (FLOKI) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, you need to go to the trbinance.com address and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, email/sms verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be carried out before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process either from your phone or through the official Binance TR website. Note that you will need your mobile phone to perform identity verification from the website.
On the Binance TR website, hover over the “Profile” option at the top right, then click on the “Identity Verification and Limits” option from the drop-down menu, and then click on the “Verify” option. After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first, select the document type that suits you.
After selecting the document type, tap on the “Upload front side” option to continue. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and that the information in the photo you took is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera is open, make sure your face fills the camera area as much as possible.
After completing all these steps correctly and completely, your identity verification process will be completed within a short time.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 and make transactions without interruption from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first, go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank does not yet have Binance TR integration, you should click on the “Other Banks” option to continue.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. All you need to do now is use the information displayed on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will be automatically reflected in your Binance TR account wallet.
How to Buy FLOKI Coin with TL on Binance TR?
After the deposit process, you can proceed to the step of buying FLOKI coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the following page will open. By typing “FLOKI” in the search section on the right side of this page and clicking on the FLOKI/TRY option from the results, you can go to the TL to FLOKI purchase page.
Now the following FLOKI trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy FLOKI in the first box and the number of FLOKI you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy FLOKI” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers trading services from fiat to cryptocurrency and from cryptocurrency to cryptocurrency by leveraging Binance’s technology, security measures, and liquidity provided through Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels via Binance TR and trade various cryptocurrencies with TRY trading pairs.
Users can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.
