Memecoin Floki, named after Elon Musk's dog, which was advertised in London's public transport

Memecoin Floki, named after Elon Musk's dog, which was advertised in London's public transport

Is a third dog-based meme? Cooin awareness in the cryptoma markets? Floki - a relatively new cryptocurrency named after Elon Musk's dog - has a mission to do this. The token marketing team has followed the plans for advertising for public transport in London.

advertising for a meme

according to a test report from the Financial Times, advertisements "Missing Doge? Get Floki" penetrate Londons subway stations. Such advertisements are allegedly financed by a “tax” of first buyers of Floki-Inu.

floki has been planning these ads for some time, since specified in the blog of the project last month. In order to maintain the previous price dynamics, the team promised $ 1.5 million for marketing the coin.

The latest ads are hypothetically increasing enthusiasm for cryptocurrency and at the same time giving it a touch of legitimacy. "Legitimacy" seems to counter a dog -based digital asset, but the Coindie profits are not to be scoffed at. According to Muski reveals his new dog last month, floki, has more than doubled its value. The market capitalization claims to be over $ 500 million.

"There are many fraudsters in this game," said Sabre, the fan name of Flokis Marketing Head. He believes that the marketing campaign creates a higher level of trust among consumers to withdraw Floki from these frauds.

In addition to the subway, the Coin’s supporters also approved poster advertising in La and others in Japan, China and Russia. In view of the China's youngest prohibited In the entire crypto trade in the country, such efforts can prove to be unsuccessful.

Floki Inu advertising. Financial Times

How will that fly with regulatory authorities?

View flokis will probably open a completely new can of worms to the financial supervisory authorities. In addition to the technical details of a project, you have to consider whether new cryptos and tokens apply as securities or with profit expectations.

Most crypto ads in the United Kingdom are regulated by the Advertising Standards Authority, but not by the Financial Conduct Authority. This leaves a worrying regulatory gap that enables cryptocurrency ads that do not respect investor protection.

Canada has already done it great steps To manage advertising in the crypto room. In September, the Canadian securities administrators sent clear advertising guidelines to Crypto Trading Platforms to avoid legal disputes.