Flockerz presale passes $4M mark as vote-to-earn DAO generates interest

Flockerz (FLOCK), an early-stage meme coin project on Ethereum, has raised over $4 million during its presale phase
Flockerz (FLOCK), an early-stage meme coin project on Ethereum, has raised over $4 million during its presale phase

Flockerz (FLOCK), an early-stage meme coin project on Ethereum, has raised over $4 million during its presale phase.

The project offers a new Vote-to-Earn system that allows FLOCK holders to earn rewards by participating in governance.

Inside Flocktopia – Flockerz’s community-powered ecosystem

The core of Flockerz’s ecosystem is Flocktopia, a community-driven DAO.

It functions as a digital town hall where every FLOCK holder has a say - and can earn rewards for active participation.

FLOCK holders can weigh in on everything from marketing strategies to token burns through this Vote-to-Earn system.

For example, if the developers are considering expanding into the NFT space, token holders can vote yes or no, earning extra FLOCK tokens for their participation.

Source: Flockerz

Source: Flockerz

This setup creates a natural incentive for long-term holding and engagement.

Flockerz’s ecosystem also features a staking protocol, currently offering yields of 581% per year.

This staking protocol is already live, and investors have pledged over 309 million FLOCK so far.

The quoted yield will decrease as investors stake more FLOCK tokens.

Underpinning the entire ecosystem are two security audits, from Coinsult and SolidProof

Both auditors reviewed Flockerz’s code and found no significant issues – giving early investors confidence in the project’s technical foundation.

FLOCK token presale draws strong interest despite market volatility

The FLOCK presale has been picking up momentum in recent weeks.

It has now crossed the $4.1 million mark as investors rush to grab tokens before they hit the open market. 

Early investors can buy FLOCK at a fixed price of $0.0061997 each, with options to invest using either crypto or a bank card. 

While the exact date remains under wraps, Flockerz’s team plans to list FLOCK on a DEX once the presale ends.

They’ve also set aside 10% of the token supply for initial liquidity.

Another 20% of the supply has been earmarked for marketing efforts to drive awareness.

Speculation about the upcoming DEX listing is already creating a buzz in Flockerz’s Telegram channel.

Members are particularly excited about the potential for price appreciation once FLOCK hits the open market.

However, it’s not just the Flockerz community that’s excited.

Crypto YouTuber Cilinix Crypto uploaded a video analysis of the project last week, predicting it could see growth after its exchange debut.

Meme coin market slumps but Flockerz defies trend & sees community growth

It’s a period of mixed sentiment in the meme coin market right now.

The past 24 hours have seen widespread declines across popular coins, with PEPE dropping 3%, BONK sliding 5%, and POPCAT taking a 9% hit.

These drops correlate with Bitcoin’s recent volatility.

After nearing $100,000 last Friday, Bitcoin has sold off and is now down at $95,300.

As a result, the Crypto Fear & Greed Index has dropped to 80, marking a 12-point decline over the past ten days.

Despite these challenging conditions, Flockerz continues to pass presale milestones.

The project has built a community of over 5,500 on Twitter and even earned a spot on CoinSniper’s watchlist.

This sustained interest, despite broader market uncertainty, suggests investors see something in Flockerz’s Vote-to-Earn model.

Ultimately, the road ahead remains unpredictable, as it often does for new meme coins.

While Flockerz’s presale performance has been strong, its true test will come when FLOCK begins trading on a DEX after the presale ends.