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Reading: New meme coin Flockerz raises $700,000 in presale as ‘Uptober’ heats up
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Gulf Press > Business > Crypto > New meme coin Flockerz raises $700,000 in presale as ‘Uptober’ heats up
Crypto

New meme coin Flockerz raises $700,000 in presale as ‘Uptober’ heats up

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Last updated: 2024/10/16 at 3:49 PM
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The new Flockerz ($FLOCK) meme coin is turning heads in the cryptocurrency industry, with over $700,000 in funding secured during its presale. As the first fully community-governed meme coin, Flockerz has witnessed a 22% increase in capital in just four days, with over $430,000 raised since the beginning of the month. The project is gaining traction in October, which is being dubbed as the anticipated “Uptober.” With a fundraising target of $800,000 in sight, investors can participate in the current funding round at a price of $0.005793 per $FLOCK token, which will soon rise to $0.005816 in less than three days.

Bitcoin’s price is pushing towards $68,000, following a brief dip to $64,954. The recent rally is attributed to speculation surrounding Donald Trump potentially winning the upcoming election, with bettors giving him a 59% chance. Analysts suggest that Bitcoin is mimicking patterns from previous elections, with $BTC recording $555 million in ETF inflows on Monday, signaling a potential breakout surpassing its all-time high. There is a 68% chance of Bitcoin reaching $70,000 in October, aligning with the excitement surrounding Uptober. The market has seen a 1.51% increase across all tokens in the past 24 hours, with meme coins experiencing a notable 4.61% gain.

Flockerz is a game-changer in the meme coin space, bringing back power to the community through its presale. Unlike other projects driven by a single individual, Flockerz actively involves its community in decision-making processes. With the industry’s first vote-to-earn (V2E) mechanism, holders of $FLOCK tokens can vote on critical decisions that shape the project’s direction. Flockerz incentivizes community participation by rewarding users with $FLOCK tokens for their votes, fostering a truly community-centric approach. This unique governance structure sets Flockerz apart from other projects in the meme coin space.

Joining the Flockerz community means participating in a movement to empower the community. Flockerz’s innovative rewards mechanism for community governance sets a new standard for meme coin projects. This momentum has garnered attention from influential figures like crypto influencer Cilinix Crypto, who shared a review with his substantial subscriber base. New members can take advantage of an impressive 2,370% annual yield (APY) before the token launch by visiting the project’s official website and connecting their wallet to buy $FLOCK tokens using various cryptocurrencies or bank cards. Flockerz’s smart contract has been audited by Coinsult, certifying zero critical errors in its code.

It is essential to note that cryptocurrency investments come with high risks, and this article is for informational purposes only and should not be considered as investment advice. Potential investors should conduct their research and consider the risks involved before investing in any cryptocurrency project. Flockerz is reshaping the narrative in the meme coin space by prioritizing community governance and involvement, offering a unique approach that sets it apart from other projects. As the industry moves towards increased decentralization, projects like Flockerz demonstrate the power of community-driven initiatives in shaping the future of digital assets.

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News Room October 16, 2024
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