Hold LOVE and receive rewards in ADA
Globally, many people associate February as the month of lovers. Against this background, the Lovely Floki project will deliver exciting moments to the blockchain community through its token, Lovely Floki (Love). Lovely Floki is a Cardano (ADA) reflection Token deployed on the Binance Smart Chain (BSC). Being a community-based token, Lovely Floki’s growth opportunities are bright.
An interesting aspect of the Lovely Floki Token is that it derives its name from the pet dog of Elon Musk. Elon is one of the famous individuals whose company, Tesla, accepts cryptocurrency payments.
The token has three features: Cardano (ADA) rewards distribution, marketing fee acquisition, and liquidity acquisition. Each Lovely Floki transaction will be taxed 6 percent to implement these features as detailed below:
- Three percent Cardano Rewards: All the existing LovelyFloki holders will receive 3% of the taxed amount in Cardano (ADA) in proportion to the amount they hold. This encourages holders to keep holding their tokens to enjoy passive earnings.
- Two percent marketing fee acquisition: Two percent of the taxed amount will go to the marketing wallet. This amount will be applied for future development of the project, promotions, audits, and payment of developers.
- One percent Liquidity acquisition: the remaining one percent will be accumulated until enough funds are gathered. Once there is a sufficient amount accumulated it will be added to the liquidity pool.
The Lovely Floki team intends to build more buzz on the project as the Valentine date approaches. It plans to have a presale on 7-8 February 2022.
The project team is aware of security issues facing public blockchain projects. It uses multiple approaches to address security concerns.
First, the team have introduced the OpenZeppelin Defender to the LovelyFloki smart contract which reduces the level of trust required, thus decreasing risk for token holders.
To avoid direct interaction between the owner and the contract and to improve transparency, the team will be transferring LovelyFloki ownership to a Timelock contract. So all privilege operations will be executed through the Timelock contract with 48-hour latency.
Additionally, the project uses a thoroughly audited smart contract besides locking LP for 25 years on PinkLock.
The total supply of Lovely Floki will be 10,000,000,000 on Binance Smart Chain (BEP20).
The presale stage will have 90% of the Lovely Floki. These tokens will be used to provide liquidity for the PancakeSwap exchange once the presale ends.
The remaining 10% of the total Lovely Floki tokens will be allocated for distribution on Airdrop campaigns, reward programs on community events, Game development and Team.
These coins will be locked on PinkSale with a stage-wise release schedule before the presale begins.
Key highlights on the roadmap
- Social Media Release
- Test net Contract Deployment
- Deployment of the Main net Contract
- Contract Verification
- Website Launch
- Whitepaper Release
- Initial Audit
- Airdrop Campaign o Multi-Sig Wallet Integration
- Timelock the Ownership
- Pre-sale on PinkSale
- LP Lock for 25 Years
- Launch on PancakeSwap
- Strong Marketing Push
- Coingecko Listing
- Coin Market Cap Listing
- Coin Voting Websites
- Upgrade Crypto News Website
- Community Events
- Partnerships with Influencers
- Re-Design the Website
- 10,000 Holders
- Free Arcade Games Website
- Releasing Lovely Floki NFT
- Secondary Audit
- P2E Game demo release
- Launch the Play to Earn Game
- Listings on Centralized Exchanges
- 100K Token Holders
- Renouncing the Ownership on community request
The presale program will take place on 7-8 February to build Valentine’s Day. Due to the lover’s day, the project intends to get extensive and attract more investors.
For the latest updates on this project, please visit their website and the social media networking platforms below:
Medium Stories: https://lovelyfloki.medium.com/
Reddit Community: https://www.reddit.com/r/LovelyFloki/
Github Repositories: https://github.com/LovelyFloki
Verified Source Code: https://bscscan.com/address/0x9219b13da533d33b094ec8528617349b52b0b65