update 23 October 2021

MiniFlokiADA Review – A Look at The New NFT-based Project

MiniFlokiADA is a crypto project that helps users earn passive income and NFTs from gaming and Elon Musk’s tweets. Its official launch took place on October 22, 2021.

When he doesn’t influence Bitcoin’s ups and downs, Elon Musk unwittingly inspires countless projects to surface on the blockchain. Also, it doesn’t take much for Tesla’s CEO to trigger an avalanche of crypto projects. For instance, his latest pet friend, a Shiba Inu he calls Floki, has galvanized the community into launching Floki-inspired protocols.

One of them is MiniFlokiADA, a community-driven project on Cardano. Its goal is to reward users with ADA token pumps whenever Elon tweets about his new puppy. This mix of popular icons, social media, and crypto should incentivize people with a laid-back approach to digital assets. Furthermore, it should increase support for dog charity, to which the project allocates 2% of its earnings.

In this MiniFlokiADA review, we look closer at how this project works. Also, we find out how you can gain token rewards off of Elon Musk’s tweets. 

What is MiniFlokiADA?

MiniFlokiADA is a crypto project that combines minigames with NFTs and Elon Musk’s tweets into a passive income-earning opportunity. Additionally, the platform aims to build a large community with loyalty rewards and dedication to dog charity.

Similar to other crypto projects of its kind, users have to buy a native token. In this case, buying $MFLOKIADA and holding onto it for daily rewards. Additionally, they will be able to gain it by playing the platform’s proprietary minigames. Lastly, an NFT feature and NFT marketplace will be available soon.

The project chose Cardano as the underlying blockchain for its operations. In the developers’ view, Cardano’s latest Alonzo hard fork has convinced them of the ledger’s stability and smart contract feature.

Apparently, every time Elon Musk talks on Twitter about his dog, Floki, the users’ tokens will pump. Therefore, something as simple as two words and a hashtag from Tesla’s CEO can produce wealth for MiniFlokiADA users.

MiniFlokiADA Features

The project has an extensive roadmap with many interesting milestones along the way. In this regard, MiniFlokiADA should release several incentivizing features in the following years. So, far, it has announced these ones:

ADA Vault

Users can join the platform by buying and holding MFLOKIADA tokens. Also, they all share the same storage space, an ADA vault, where the rewards-claiming takes place.

The project fuels the ADA vault with more assets after each transaction on the platform. For instance, it distributes 20% of all trades like this:

  • 4% of every BUY transaction
  • 6% of every SELL transaction
  • 10% of every Transaction between Wallets

Once every 24 hours, users can claim ADA from the vault in the same percentage of the MFLOKIADA they hold. For example, if one holds 5% of the total supply of MFLOKIADA, one can claim 5% of ADA from the ADA Vault.

MiniFlokiADA also has an ADA pool that decreases in liquidity every time users claim their gain. This should result in the ADA shares dropping.

Top 100 Holders Rewards

Users can also claim daily rewards if they are among the Top-100 $MFLOKIADA Holders. As part of these daily earnings, they will get:

  • 1.5% of every Buy Transaction
  • 1.5% of every Sell Transaction

This feature is the platform’s incentivization mechanism. Participants should find in these rewards the motivation to hold as many MFLOKIADA tokens as they can buy.

NFT Collection & Marketplace

MiniFlokiADA also plans to release an extensive proprietary NFT collection. The first 6 such non-fungible tokens should launch before the official token release, on October 22. The NFTs will be part of the platform’s Minigames feature, which is still in development.

Subsequently, the project will launch its own NFT Marketplace. There, users will trade, buy, and sell their Mini Floki NFTs and increase their income.

Minigames

Mini Floki Rush: Treasure Hunt will be a play-to-earn minigame in the MiniFlokiADA ecosystem. This upcoming feature will be available on the website, IOS, and Android. 

Throughout the game, users will be able to complete hunting adventures and earn more MFLOKIADA. Also, they will have different characters to choose from, and each will have its special powers. Lastly, the Top-50 performers will access substantial MFLOKIADA rewards.

Dog Charity

One of the aspects that differentiate MiniFlokiADA from other crypto projects is its commitment to dog charity. The platform aims to build a strong community that will look for more than just crypto rewards. Also, they will be able to help dogs in distress from around the world.

By joining MiniFlokiADA, users help donate to different non-profit organizations for dogs worldwide. For instance, the project will pour 2% of all earnings into dog charity every month. At the moment, the platform aims to donate $10,000 in total for the first charity.

Tokenomics

MiniFlokiADA plans to release 1,000,000,000,000 MFLOKIADA tokens. A part of their initial distribution looks something like this:

  • 4-6% to ADA rewards
  • 2-5% to Marketing & Development
  • 1.5% to the Liquidity Pool
  • 1.5% to the Top-100 holders
  • 1% to Charity

For now, users can buy MFLOKIADA on PancakeSwap through BNB. Also, they can store them in crypto wallets, such as MetaMask and Trust Wallet.

Final Thoughts

MiniFlokiADA is an interesting project, to say the least. It combines play-to-earn gaming, NFTs, ADA, Twitter, Shiba Inu dogs, and charity for puppies.

In today’s tech-driven approach to blockchain applications, it’s refreshing to see these kinds of initiatives. For many investors, it could be a fun entry to their portfolios. On the other hand, the more dynamic ones could maximize their profits from this offbeat platform.

Regarding the pump feature, it’s unclear where the project will go on this route. Can it evolve past the excitement of “betting” on Elon’s following tweet about his dog? What if Musk stops talking about Floki? What if he stops tweeting altogether? 

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The developers likely anticipated these events with corrective measures that would keep the project going. Only time will tell how far MiniFlokiADA will go.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Furthermore, Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site. Learn More

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