RadioShack to Partner with Floki
Floki thrilled to announce a strategic partnership with RadioShack to further their goal of being the leading DeFi platform while also boosting the Floki Ecosystem and adoption of the FlokiFi Locker protocol.
With a 100 year old brand name that is recognized over 190 countries, RadioShack is one of the world’s most popular retail brands. At its peak, RadioShack had 4,300 stores, and more than 2,000 independent franchises, in North America, Latin America, the United Kingdom, and Australia establishing it as an impressive global brand.
RadioShack recently pivoted into crypto with a strong focus on DeFi and an ambitious goal of dominating the DeFi industry and taking on major industry players like Uniswap, PancakeSwap, and others — with the massive RadioShack brand and a solid war chest giving it a competitive advantage.
RadioShack DeFi is a multi-chain protocol that features a DEX and a suite of DeFi products. Currently available on four chains (ETH, BSC, AVAX, and Polygon), the recently-launched DeFi protocol is growing rapidly with current TVL of over $22 million and an ATH TVL of $62 million according to DeFi Llama.
The RadioShack protocol is also audited by Certik, the industry leader in blockchain security and Floki’s security partner.
RadioShack DeFi x FlokiFi Locker
RadioShack has committed to using Floki’s newly-released, innovative crypto locker solution FlokiFi Locker to secure Liquidity Pool (LP) tokens of projects that will list on their DEX.
They will be recommending FlokiFi Locker as the main Liquidity Pool (LP) token locker protocol to projects that will list on their DEX.
RadioShack has an ambitious growth strategy for their DeFi platform as well as massive funding to stimulate the growth of their ecosystem.
For example:
RadioShack provides up to $500,000 (sometimes much more!) in funding to qualified projects to pair with an equivalent amount in their native tokens to create an LP pool on the RadioShack DEX, allowing listed projects to have rich liquidity of up to $1 million (or much more!) on the RadioSwap DEX.
Floki will also be creating a pool on the RadioShack DEX and listing its token on their platform (on the ETH chain!) so that Floki can be easily tradable on RadioShack. They will be allocating $200,000 worth of FLOKI tokens from the Floki treasury for the creation of this pool. RadioShack will pair this with $200,000 worth of their native RADIO tokens to create a liquidity pool of $400,000. This pool will then be locked/burnt with the FlokiFi Locker, demonstrating that we eat our own dog food.
About RadioShack
RadioShack is the first in the crypto industry to market with a 101-year-old brand name recognized in virtually all 190+ countries worldwide. They’ve redesigned the typical liquidity system used in every major DEX today to minimize slippage and maximize swap efficiency.
Website | Twitter
About Floki & FlokiFi Locker
FlokiFi Locker is a secure and innovative crypto locker solution that allows crypto project developers and individuals to quickly and securely lock Liquidity Pool (LP) tokens, NFTs, and fungible tokens. It is the only locker protocol to integrate the ERC-1155 standard.
FlokiFi Locker is one of Floki’s key utility products, powered by the FLOKI token and supported by the strong Floki brand as well as several industry leaders.
Lastly, Floki is the people’s cryptocurrency and one of the most recognizable crypto brands, with an active partnership with a leading Formula 1 team and partnerships with 8 international football brands. These partnerships have exposed the Floki brand to a mainstream audience of billions of people.
Website | Twitter
SOURCE: MEDIUM
