The post Flockerz Presale Raises $5.6M as Traders Position For Next Meme Coin Season appeared first on Coinpedia Fintech News
The crypto bull run is on pause this week after huge gains since November, but the new ICO Flockerz ($FLOCK) continues to grow.
The project has now raised over $5.6 million in its token presale, with approximately $500K coming in the past three days. Market participants are using the cooling-off period as an opportunity to scoop up high-growth moonshots ahead of the next bull market rally.
Flockerz is a new meme coin that emphasizes decentralisation. Through an innovative feature called “FlockTopia,” users can vote on decisions relating to the project’s future and even get paid for them.
Traders are scrambling to buy $FLOCK as soon as possible because the price will rise throughout the ICO. The current price is $0.0063247 but the next increase will occur in under two days.
A New Era For Meme Coin Governance
Flockerz is setting the pace for meme coin governance, putting the community in complete control.
The importance of this cannot be understated – there are thousands of examples of meme coin teams “pulling the rug” and hijacking thousands or millions of dollars from a project.
One of the most high-profile cases is Pepe, with team members stealing $15 million from the project’s treasury in 2023.
As you can imagine, this is a daily occurrence with smaller projects. That’s why the UK government just banned meme coin trading platform Pump.fun.
This presents a big barrier for investors wanting to participate in the meme coin sector.
And that’s why the Flockerz team emphasizes decentralization so much.
Unlike most meme coins, Flockerz won’t be led by a centralized, self-appointed team. Instead, FlockTopia, a cohort of meme coin fans holding $FLOCK, will have the final say on every decision.
But not only does every $FLOCK holder have a voice, they also get paid for participating in the FlockTopia DAO.
While encouraging community participation, this also incentivizes users to vote in a way that best serves the project’s long-term success.
Vote-to-Earn provides an increased feeling of ownership, with the community’s decisions directly impacting the value of their $FLOCK tokens.
You’re Either Staking $FLOCK or Missing Out
Flockerz holders can also generate income via the project’s staking mechanism, which is already live.
Currently, staking provides a 470% APY, but this will decrease as the staking pool grows.
382,619,100 $FLOCK tokens have been staked so far, which shows a big commitment from the community.
A whopping 25% of the token’s total supply is allocated to staking rewards, which is even more than the 20% allocated to the presale.
$FLOCK holders who are not staking are missing out on some tasty gains.
Meme Coin Season Loading, Analyst Says Flockerz Can 10x
This year, the crypto market has been dominated by meme coins. The meme coin sector’s market cap has increased from $22 billion to $114 billion today.
It peaked at $137 billion last week but has rectraced as the broader market catches its breath following a euphoric November.
However, analysts believe it’s only a matter of time until the next breakout meme coin season, of which Flockerz is positioned for up to 10x gains.
These are the thoughts of prominent meme coin trader ClayBro, which he revealed to his 133K YouTube subscribers recently:
Buy $FLOCK Before The Next Price Increase
There are less than two days until the next Flockerz price increase, so those seeking the most value for money should act fast.
Investors can buy $FLOCK via the project’s presale website or using the Best Wallet app’s Upcoming Token feature. Best Wallet can be downloaded on the App Store and Google Play Store.
In line with Flockerz’s commitment to security, the project has received smart contract audits from Coinsult and Solid Proof, both of which found the project to be safe and secure.