Doge Floki Coin (DOFI) is a deflationary BEP20 cryptocurrency on the Binance Smart Chain. The user is claimed to earn more tokens upon holding more DOFI. The value of the user's DOFI increases as they are traded because it is burned. As a result, it generates an environment that encourages investors to keep their tokens and reap the benefits.

DOFI was created by being impressed by dogecoin, yet DOFI states to have a lot of advantages over dogecoin. The reward is acquired through each community transaction, with a percentage of the benefit being dispersed to all holders. DOFI has a burning mechanism that continuously reduces the supply.

According to the whitepaper, Doge Floki Coin is a new cryptocurrency created with the help of Elon Musk to replicate dogecoin.

DOFI aims to create a staking platform where users can earn coins by staking DOFI. The user can trade their cryptocurrency in the pool, which helps to provide liquidity to the cryptocurrency market.

In addition, by burning the Doge Floki Coin (DOFI), holders seek to gain passive income, more liquidity, and a deflationary measure. Every transaction incurs a 5% fee that is paid to existing holders.

Finally, since the token is completely decentralized, no user except the holder of the token can control the asset. The community has no boundaries on acquiring the token and using the same for cryptocurrency payment as well as in the NFT's marketplace. DOFI is the native token of the platform. The ticker symbol used for the token is DOFI. DOFI has a maximum total supply of 420 quadrilliontokens.