What is NinjaFloki crypto & why has NJF coin rocketed to its ATH?

January 06, 2022 10:58 PM AEDT | By Raza Naqvi

What is NinjaFloki crypto?

Launched in 2021, NinjaFloki cryptocurrency operates on the Binance Smart Chain and has a maximum supply of 100 billion NinjaFloki tokens.

According to CoinMarketCap data, the self-reported circulating supply of NinjaFloki coin is 80 billion.

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The NinjaFloki coin is a play-to-earn cryptocurrency and helps users generate passive income. Although it is not clear when the full version of the game will be available, users can play the demo version to understand it better.

As per the whitepaper of the NinjaFloki project, the mobile version of this game will be launched soon. It will be available on the Google play store and Apple store.

The project's website mentions tokenomics as three per cent of every transaction is meant for redistribution among holders of the NinjaFloki coin. Meanwhile, five per cent is for marketing, and one per cent is for liquidity.

In total, nine per cent fees are deducted on every sale and purchase of the NinjaFloki crypto.

Also Read: What is CAP crypto & why its volume soared over 293,665,275%?

Game development is ongoing, and the whitepaper mentions that holders can win tokens by playing games. Notably, the game comprises 50 chapters, and if users can finish all the chapters, they would get a big prize in the end.

When a user passes a level, tokens are allotted immediately. To play the final version of the game, users will be required to have NinjaFloki coins.

Bottom line

As NinjaFLoki is a relatively new cryptocurrency, its price is expected to remain highly volatile. Crypto enthusiasts should do their research before investing in a new cryptocurrency.

Also, anyone can create a BEP-20 token on the Binance Smart Chain, and as NinjaFloki is new, it is advisable to be cautious before investing.

Also Read: As altcoins rise, know Fantom crypto's price prediction

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