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HOW THE FLOKI TRADING BOT STRATEGICALLY POSITIONS #FLOKI FOR INDUSTRY DOMINANCE $FLOKI is often widely compared to other popular #memecoins like $DOGE, $SHIB, $PEPE, $WIF, $BONK, etc. However, #Floki is MUCH STRONGER than any of these when it comes to fundamentals and is, in fact, much more than just a memecoin! Tomorrow, June 25, 2024, the Floki Trading Bot (open beta) will go live on mainnet to the general public for the very first time! This post explains how the bot improves Floki’s fundamentals and why this is a MUCH BIGGER deal than many realize right now! Let’s take a look at some data on the state of Telegram trading bots in the industry! Below is the volume overview for the top five trading bots in the last 7 days: - Trading Bot #1: $267 million - Trading Bot #2: $191 million - Trading Bot #3: $164 million - Trading Bot #4: $156.6 million - Trading Bot #5: $55.5 million (Source: "Dex Trading Bot Wars" on Dune) The industry standard for trading bot fees is a 1% transaction fee. If this is applied to the above volumes, you can expect $550,000 to $2.67 million in transaction fees WEEKLY from each of these trading bots -- or an average of $1.66 million in weekly fees per bot. That’s an average of $6.64 million generated by these bots monthly, or $2.20 million monthly on the low end and $10.68 million monthly on the high end. The Floki Trading Bot intends to disrupt the trading bot industry, with a strong focus on speed and user experience! Why Floki is uniquely positioned to dominate the trading bot industry With the public launch of the Floki Trading Bot tomorrow, Floki will be the ONLY brand offering a trading bot with a combination of the following unique advantages: - ~500,000 on-chain holders: For perspective, Floki had over $2.45 billion in 24hr trading volume at peak, or over $120 million in 24hr DEX trading volume. This is exclusively for $FLOKI trades and does not account for other cryptocurrency trades by these users. - A strong brand recognized by 3 billion+ mainstream users: this is possible through partnerships with nine of the world’s biggest football teams, partnerships with a Formula 1 team, partnerships with teams in the cricket, table tennis, and badminton leagues, etc, which gives the Floki Trading Bot a strategic advantage for industry dominance due to Floki’s strong brand recognition. - One of crypto’s best marketing teams, with strong connections and an eye for data on exactly where to be to ensure rapid adoption. - A strong focus on user experience with a unique, easy-to-use trading bot with a strong cross-chain focus, allowing users to perform all of their trades in one place. Based on the above, we think it is realistic to expect the Floki Trading Bot to be among the top trading bots in the industry in the not-so-distant future once product-market fit has been achieved. A key question many would have is, “Exactly what does this mean for me as a $FLOKI token holder?” The answer lies in the tokenomics of the Floki Trading Bot: The bot charges a 1% fee, 50% of which goes towards a transactional buy and burn of $FLOKI, the bot's main utility token, and 50% of which goes to the Floki treasury. This has a few key implications: - The bot enhances the utility of the $FLOKI token and contributes to strong product-driven demand for it, giving it a strategic advantage over other memecoin competitors. - The Floki Treasury is better positioned to run aggressive marketing campaigns aimed at accelerating the adoption of the bot (and the rest of the Floki ecosystem!) in a way that creates a self-reinforcing cycle that further strengthens $FLOKI’s fundamentals and utility. Based on the above analysis, it is abundantly clear that Floki will become FUNDAMENTALLY STRONGER compared to every other memecoin in the industry the moment the Floki Trading Bot goes public. We want to be expressly clear: While the initial version of the bot is a public beta release (i.e. open to anyone and everyone albeit in “beta” stage for a while), we cannot guarantee or promise that the bot will have a certain number of users at a certain point in time: so, there is no guarantee whatsoever, direct or implied, from the above analysis, and none should be assumed. Our analysis above is an objective analysis of the true state of things in the Telegram trading bot industry and Floki’s position in the industry, and we’re confident about Floki’s ability to dominate the industry in time based on our strong internal roadmap.