The past seven days have seen the broader crypto market face a downtrend, with Bitcoin (BTC) dropping from $98,172 to $94,493. Although a brief Christmas rally helped the leading cryptocurrency reach $99,751 on December 26th, Bitcoin and most altcoins face a red trend today, with the overall crypto market cap down by 2.03%.
After entering the month valued at $120 billion, the meme coin space stood at $93 billion on December 20th. Unlike most crypto sectors, the meme coin market grew by $2 billion over the past week, reflecting investor confidence in the volatile tokens.
However, the leading meme coins face losses of 1-20% today, and investors are turning to projects yet to realize their potential. Amidst the downturn, Flockerz (FLOCK) continues to show strength, as its presale surpasses $8 million raised.
Flockerz Prepares To Launch World’s First Vote-to-Earn DAO
The presale’s website features a short story about a “Birb King” who decides to vacate his throne and let his flock run the kingdom. In the real world, FLOCK’s holders will represent that flock as they participate in the decision-making process that will shape the project’s future.
By voting inside the FlockTopia, FLOCK’s DAO, the token holders will also receive additional FLOCK. The unique rewards system intends to incentivize smaller traders to participate and eliminate the issue most DAOs faced in the past where whales took control while casual investors ignored the polls.
25% of the total token supply is allocated to FlockTopia’s development and the upcoming rewards distribution. According to the project’s roadmap, FlockTopia will go live after the token launches, meaning investors may see their first vote-to-earn rewards in January 2025.
Although further details are yet to be announced, investors could see their votes determine the next steps FLOCK takes, such as marketing strategies, token burns, or the implementation of new features.
Since everyone will have a reason to participate, Flockerz may create a culture-driven community that would work toward realizing its best interests, which could have a positive impact on its price.
Expert Sees a 10-20x Potential in FLOCK And Highlights Its Massive Staking Rewards
Investors don’t have to wait for FlockTopia’s release to start earning extra FLOCK, as the project’s 340% staking APY allows them to more than 3x their token holdings long-term.
With 25% of the total token supply allocated to the distribution of staking rewards, there’s still room for new investors to lock their coins and maximize their investments. Over 528 million FLOCK have already been locked in the staking pool despite the 2-year vesting period, reflecting investor confidence in the project’s long-term success.
The staking APY will decrease as investors stake more FLOCK, and it has nearly halved since November 28th, when it stood at 616%.
However, that comes as no surprise because Flockerz is working hard to attract new investors, with 20% of its total token supply allocated to marketing, which has already attracted over 24,000 followers across its X (Twitter) and Telegram channels.
FLOCK’s increasing momentum hasn’t escaped the attention of crypto experts either. ClayBro, a meme coin analyst, urges his 134,000-strong YouTube audience to enter the presale while the staking rewards are high and the entry point low.
Predicting a 10-20x soar post-launch, he believes FLOCK’s strong community and unique DAO will make waves in the meme coin market.
25 Days Left to Enter on The Ground Floor – Here’s How To Buy FLOCK
Currently, FLOCK costs $0.0065561 each, but that price will change in three days as the ICO follows a dynamic pricing model. Its per-token price will increase after it reaches its next funding goal or when enough time passes, which investors can track via Best Wallet’s Upcoming Tokens hub.
Investors can add FLOCK to their portfolios via Best Wallet or the presale’s website using ETH, BNB, USDT, or a bank card. No minimum investment is required, making the presale and its upcoming vote-to-earn rewards available to whales and casual traders alike.
According to the presale’s roadmap, the first action its team took was to verify the security of its contracts. Audited by SolidProof and Coinsult, its smart contract has no underlying code issues, confirming the safety of investor funds.
Additionally, 10% of the total token supply is set aside for liquidity to reduce the risk of price manipulation and bolster investor trust and security.
The presale will wrap up on January 22nd, 2025, which will mark the beginning of the project’s third roadmap phase. During the third phase, FLOCK will see its first DEX listings and allow investors to claim their tokens.
FLOCK’s price has increased by more than 19% since its inception in September, and it will only keep rising as the token’s launch nears, leaving investors with limited time to secure it at a discount.
