New memecoin project Flockerz (FLOCK) has raised over $7.6 million in its presale phase.
Flockerz’s Vote-to-Earn model, which rewards token holders for participating in governance, is a key factor driving the early interest and investment.
Flockerz’s Vote-to-Earn model puts governance in the hands of token holders
Flockerz aims to be different than other memecoins.
The team has created a Vote-to-Earn system, which puts governance in the hands of token holders and rewards them for their participation.
Here’s how it works: let’s say the Flockerz team is considering a new exchange listing and wants community input.
Through the Flocktopia DAO, FLOCK holders could cast their votes on the proposal.
Not only will they have a say in the project’s direction, but they will also earn additional FLOCK tokens for voting.
One of us! One of us! 💙
— Flockerz (@FlockerzToken) December 22, 2024
Once the hat goes on you're officially a member of The Flock! Welcome to paradise. 😉🐦 pic.twitter.com/bU1kNxXaVM
This system encourages active engagement and decentralized decision-making.
Plus, with the Flockerz staking protocol, FLOCK holders can earn more rewards.
Currently, staking yields are estimated at 364% per year, although this number will decrease as investors pledge more tokens.
However, that hasn’t stopped investors from locking up 493 million FLOCK so far.
Staking rewards will be disbursed over two years and claimable once the project’s presale ends.
Flockerz’s Telegram channel members are excited about the potential of this governance/staking setup.
FLOCK token presale passes $7.6m as investors get involved ahead of exchange listing
Flockerz’s presale is generating significant interest, raising over $7.6 million.
Investors worldwide have been participating, securing FLOCK tokens for $0.006504 each.
The presale offers a convenient way to gain exposure to Flockerz - accepting cryptocurrency and credit card payments.
Once the presale ends, Flockerz’s team plans to list FLOCK on exchanges, allowing investors to claim and trade their tokens on the open market.
While no specific date has been announced, community members believe the listing will occur sometime in early 2025.
Flockerz’s team has prioritized security before this listing.
They’ve had the FLOCK token audited by SolidProof and Coinsult – neither of which identified any issues with its code.
The project’s tokenomics are also well-structured, with 10% of the supply allocated for exchange liquidity and another 20% set aside for ongoing marketing efforts.
This foundation has caught the attention of some well-known figures.
For example, crypto YouTuber Cilinix Crypto recently discussed Flockerz in a video, praising its Vote-to-Earn setup.
The team at 99Bitcoins also reviewed Flockerz.
The rise of DAOs – How Flockerz fits into the trend of decentralized governance
The rise of DAOs in the past few years has been one of crypto’s main narratives.
These community-governed entities are reshaping the market, with projects like Uniswap, MakerDAO, and Aave leading the way when it comes to DeFi.
But DAOs aren’t limited to finance – they can also be found in crypto gaming, venture capital, and the metaverse.
Take Decentraland, for example.
Although Decentraland is well below the heights it reached in 2021, this virtual world allows users to buy, sell, and manage virtual real estate – all governed by its community.
Analysts are excited about the potential of the DAO model, anticipating further growth as more projects adopt this approach.
And that’s where Flockerz comes in.
With its Vote-to-Earn system and staking protocol, this meme-themed project could be well-positioned to capitalize.
The fact that FLOCK has also been listed on ICOBench suggests that some industry experts believe that will be the case.
That’s why many investors are keeping a close eye on Flockerz as its presale continues to hit key funding milestones.