FLOKI, a SHIB Competitor, Sees 14% Surge Amidst Release of 2023 Roadmap Update

• FLOKI’s 2023 roadmap is nearing completion, with the upcoming “FlokiFi Locker” upgrade set to introduce native payments.
• Exciting developments are in store for FLOKI holders, as the team prepares to integrate a major DeFi lending and borrowing protocol on the BNB chain.
• Following the announcement of the roadmap progress, the FLOKI token has surged by 14% within the past 24 hours.

The official FLOKI account has provided an update on the progress of their 2023 roadmap, indicating that they are nearing the fulfillment of several important commitments. One notable update is the upcoming “FlokiFi Locker” upgrade, which will introduce native payments, burn mechanisms, a referral program, and other features to enhance the protocol.

The upgrade’s code has been submitted to Certik, a blockchain security auditor, for review, and once approved, it will be launched on the mainnet. Another significant upgrade mentioned is the integration of a major DeFi lending and borrowing protocol on the BNB chain, allowing FLOKI users to borrow stablecoins and other cryptocurrencies using their FLOKI tokens.

This integration is anticipated to commence in the coming week. Additionally, the FLOKI team is currently reviewing a staking feature for bugs, which will be launched soon after internal checks are completed. The team is also finalizing a redesign of FlokiFi to improve user-friendliness.

FLOKI surges after announcement

In response to this roadmap update, the FLOKI token has experienced a notable surge of 14% over the past 24 hours, reaching a trading price of $0.00002833. This price growth is likely influenced by the positive news about the roadmap as well as the recent sudden increase in Bitcoin’s value, which has propelled the entire crypto market upward.