DAO Deciding on BNB Chain or Ethereum

MemeFi project Floki is launching a Non-Fungible Token (NFT) to assist with recovery from the massive earthquake that devastated parts of Turkey and Syria.

“It is imperative that Floki does something, no matter how little, to help victims of these earthquakes. After extensive discussions among the core team, we have decided to do an NFT sale and donate 100% of the proceeds from the sale to earthquake relief efforts in Turkey,” according to a proposal before the Floki DAO.

The dev team has determined to hold the NFT sale, and the question before the DAO is whether to launch the NFTs on Ethereum or BNB Chain. The proposal cites the following pros and cons for each chain:

• Ethereum -- NFTs will have utility within the Valhalla Metaverse game; NFTs will cost more to mint due to high gas fees; fewer people may participate due to higher costs
• BNB Chain -- NFTs will not have utility within Valhalla; mint costs will be cheaper due to low gas fees; more people may participate due to lower costs.

In a recent AMA, core team member B noted the significant role of Turkish community members in the Floki project.

After the first few hours of voting, DAO members were leaning toward launching the NFTs on Ethereum, by a margin of 66%-34%. The vote ends on Feb. 10.

What is Floki:

Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the third most popular meme token on the market, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.

Where to find Floki:

Website | Twitter | Telegram | Discord