Flockerz memecoin presale heats up, raises $800,000 It integrates stake-to-earn and vote-to-earn for token rewards, addressing memecoin volatility and lack of utility. Early adopters benefit from presale incentives and dynamic APY
Cryptocurrencies are largely community-driven projects. And memecoins in particular rely on community strength to maintain their momentum. But communities have little to no say in the governance of a crypto project.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Flockerz is a new memecoin that aims to put communities at the centre of decision-making. For this, it introduces a reward mechanism––vote-to-earn.
A memecoin with utility
Memecoins are wildly popular as a crypto niche. They are an odd surprise to investors who are new to the market. How can these silly tokens that lack any utility or purpose have million-dollar market caps?The answer lies in their community strength and virality. Top memecoins capitalise on bizarre trends to climb the charts and make quick profits for strategic investors. But those who are late to the party face the wrath of the market. Many traders and investors struggle with memecoin volatility that can wipe out their wallets within hours.
Spotlight WireApart from broader market sentiments and fierce competition, a major culprit is the lack of focus on utility. Hype and FOMO can send memecoins to the moon. But they are fleeting. As fresh memecoins enter the market, old ones are forced to leave the spotlight. Most memecoins fail to maintain momentum for more than a few days.Relevant utilities can solve this problem to an extent. That explains why Flockerz (FLOCK) integrated stake-to-earn and vote-to-earn into its ecosystem.
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While stake-to-earn encourages holding in exchange for passive rewards, vote-to-earn makes the community an integral part of decision-making. Voting rights give investors a direct say in the project's future
More power to the community
Vote-to-earn draws inspiration from popular crypto rewards models like play-to-earn and move-to-earn. By bringing utility into the picture, they can potentially drive token demand.Decentralisation is at the heart of a vote-to-earn governance model. Most crypto projects fail to fully embrace it. With key decisions left to the development teams or industry experts, they fall victim to the concentration of power.
Spotlight WireFlockerz’ goal is to shift this balance. The community, also called ‘The Flock’, is given a voice in governance through FlockTopia DAO. The vote-to-earn model will reward participants who contribute to decision-making processes. The vision is to build a more engaged and empowered community, turning passive investors into active community members. As it proclaims:
“Once a mighty ruler leading a chaotic flock, Big Birb accidentally became one with his degens and discovered the true power of the people”. Flockerz has a growing presence on social media platforms like X (Twitter) and Telegram
Tokenomics and security measures
Flockerz has set aside 25% of the FLOCK supply for rewards. The passive income model incentivises holders to retain their tokens after the hype subsides.The rewards are dynamic, with early participants eligible for higher Annual Percentage Yields (APY).
Spotlight WireWhile the vote-to-earn model will be released in the third phase of the roadmap, tfeature is already live, with over 27 million FLOCK tokens staked.Flockerz has also taken steps to build trust with its community. Since presale memecoins are often scrutinised, it is important to establish credibility in the early stage.
Solidproof and Coinsult have audited the project. The audit reports are made publicly available on the official website.
Is FLOCK the next crypto to watch?
As the fourth quarter of 2024 begins, expectations are high. Historically, Q4 is fertile for bullish sentiments in the crypto market. Memecoins, known for their wild pumps and dumps, remain an attraction for investors.Flockerz is entering the memecoin market with a community-centric governance model. If it goes live as envisioned and amasses a substantial user base, FLOCK has the potential to emerge into the spotlight.
Before the token makes its debut listing on centralised and decentralised exchanges, investors are grabbing it for fixed prices from the ongoing presale. The presale price will increase in each stage. Flockerz has raised over $800,000 in the token presale within days.
Visit the FLOCK presale
Name: Flockerz
Email: [email protected]
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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This story originally appeared on: India Times - Author:Faqs of Insurances
