Floki Inu has received a lot of interest lately, and this is not just because it is one of the popular meme tokens but because of its marketing efforts. In its latest marketing stunt, Floki Inu has stated that it will appear on the Burj Khalifa.
Burj Khalifa is a skyscraper in Dubai ranked as the tallest building in the world, and this ad is aimed at helping Floki Inu increase its number of users.
Floki Inu on Burj Khalifa
Floki Inu is a new cryptocurrency, and it was inspired by Dogecoin, the original meme coin that has made major gains this year.
The Floki Inu team announced that its token would be promoted on the Burj Khalifa. This campaign will help the token gain popularity in the Middle East, which is becoming a major hub for cryptocurrencies.
According to the Floki Inu announcement, the token’s logo will appear on the skyscraper on December 3, as the country commemorates its National Day celebrations. This is the first time that Burj Khalifa will be featuring a cryptocurrency, which is a positive sign for the legitimacy of cryptocurrencies.
Meme coins usually derive their value from hype, and the news of the FLOKI ad on Burj Khalifa has stirred a strong price action for the meme token. Data from CoinGecko shows that FOLOKI has gained by around 17% during the past 24 hours.
The meme coin reached an all-time high of $0.000336 on November 4 but has since fallen by 49% from this high. On the other hand, it has made an over 200,000% price gain in around five months.
Floki Inu’s Marketing Strategy
As aforementioned, Floki Inu has been presenting a strong marketing campaign to help the token gain dominance in the market and compete against Dogecoin and Shiba Inu, the two leading meme tokens that have made explosive gains this year.
This is not the first public ad that FLOKI has invested in. Last month, a FLOKI ad appeared on London’s public transport system. The ad was targeted at attracting crypto traders from the city.
However, this ad was taken down after the market regulators stated that it was misguiding. The authorities stated that the public could be lured into investing in FLOKI and other cryptocurrencies through such ads without understanding the real risks of such investments.
Besides attracting new users, the token is also looking to boost its trading volumes, as seen by the latest petitions filed for listing on major exchanges. Currently, FLOKI is not listed on any major exchange despite the gains it has recoded.
The Floki Inu community is currently running a campaign to petition Binance to list the meme token. The petition was launched last week, and it has since garnered over 19,000 signatures at the time of writing. Floki Inu has also petitioned to be listed on Coinbase, another top crypto exchange.
Recently, Binance’s CEO Changpeng Zhao stated that for a token to be listed on the platform, it needs to show a large number of users. Zhao stated that tokens filing for applications need to include details on the number of users on the application form.