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With the slogan “Buy Floki”, a cryptocurrency inspired by Elon Musk’s dog has signed an advertising campaign in London. Floki, a meme coin like SHIB and DOGE, was inspired by Elon Musk’s dog, FT reported. And this crypto is advertising in London in an “aggressive” marketing move. Detail Cryptocoin. com

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Neither SHIB nor DOGE

The “FLOKI” campaign aims in part to legitimize the cryptocurrency and attract “A-list influencers”. There is no indication that the Tesla owner is involved in the Floki Inu project. According to a Financial Times report, even as regulators take a critical stance on crypto ads, a cryptocurrency inspired by Elon Musk’s dog is at the center of an advertising campaign across the UK transport system. “Missed Doge? Get Floki” is funded by a 4% marketing fee from buyers of the slogan and campaign ads for the Floki Inu token placed on London Tube stations, trains and buses.

The marketing manager of the cryptocurrency traded as “FLOKI” said the goal of the branding campaign is to “legitimate” the cryptocurrency and instill confidence in potential buyers. “There are too many scammers in this game,” the group’s head of marketing, who identifies himself with the alias Saber, said in a report released Wednesday. There is no indication that Elon Musk, whose interest in SHIB and DOGE is known, is involved in the project, and the chairman did not respond to FT’s request for comment. Floki Inu did not respond to FT’s request for comment on who controls the project. But he says this is the only crypto project that has officially partnered with a nonprofit group (Million Gardens Movement) to address food insecurity.

On Ethereum

The token was released on the Ethereum blockchain and also runs on the Binance Smart Chain. On Wednesday, it was trading at $0.00006076, up nearly 1%, according to CoinGecko. The website Floki Inu said that the cryptocurrency represents a “movement” and will have three useful projects: an NFT gaming metaverse called Valhalla, an NFT and merchandise marketplace called FlokiPlaces, and a content/educational platform known as Floki Inuversity. According to its website, it has been contracted to spend approximately $1.5 million on marketing for “very targeted and aggressive” campaigns for FLOKI to be listed on top exchanges.

FT says an advertising campaign is set for Los Angeles and has plans to market the coin in China, Japan and Russia. However, the report said that direct marketing of cryptocurrencies to the UK public could intensify regulators’ focus on crypto advertising. Charles Randell, chairman of the FCA, repeatedly warned about the risks of speculative token holding in a speech last month. “Tokens are not regulated by the FCA and are not covered by the Financial Services Compensation Plan. If you buy them, you must be prepared to lose all your money,” he warned.


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