As part of its commitment to giving back to society, Elon Musk-backed cryptocurrency giant Floki, in conjunction with Pencil for Promise, invests in future generations by building schools and additional blocks of classrooms in underdeveloped countries globally; with its next project set to Nigeria, Guatemala and Laos.
Floki is a cryptocurrency launched by Elon Musk and is currently regarded as one of the most impressive and high-performing altcoins. Formerly known as Shiba Inu, Floki, since its launch, has been met with unlimited success with several percentages in profit margin for investors and holders and an increase in market capitalization within a few months of its existence. Hence, the reason for the company’s commitment to contributing its quota to human and National development, beginning with a $1.4 million campaign and donation to the Million Gardens Movement, an initiative which was lauded and is being emulated by other companies.
Floki is back with a brand new project, and this time, the goal is to build a school in every underdeveloped nation, beginning with Ghana. And in furtherance of its commitment to education in underdeveloped countries, Floki is currently building a state-of-the-art school in Nigeria, Guatemala and Laos.
Floki is building a state-of-the-art school in Nigeria and plans to do so throughout Latin America. The Nigerian branch will be fully equipped with six blocks, classrooms for 500 students each (over 4500 total), computer laboratories accessible by all students as well as teachers who can teach them how to use their new devices properly; libraries filled with books on everything from mathematics through science–even English language instruction. These schools combined will be educating thousands of students who would never otherwise have access to education.
Pencils of Promise is a non-profit organization that builds schools and increases educational opportunities in developing nations. They have helped build 575 classroom blocks for over 115,600 students worldwide.
According to a 2018 research, there were about 81,000 public classrooms for pre-primary education in Nigeria. However, the same research went further to state that Nigeria required at least 146,000 classrooms to adequately accommodate the number of school-aged children residing in the country, meaning, there was a deficit of about 65,000 classrooms and acting on these research figures and several other issues, Floki is stepping in to contribute towards actualizing a Nigeria where every child has access to education.
Floki believes that education is a fundamental human right that many people unfortunately lack. For example, in Ghana, 17% of primary school-aged children are not enrolled in classes, and over 28 percent will drop out before completing their first year at an average rate of 12%. Additionally, 14%, or nearly three-quarters of the population, can neither read nor write due primarily because they do not have access to means necessary, such as libraries with books available about how best to learn these skills.
Floki aims to address this humanitarian crisis and serve as a bridge that helps improve the quality of life for the mainstream global community. Floki started its commitment through strategic partnerships by announcing that it was building a four-classroom school in Ghana.
Learn more about Floki and its humanitarian efforts via its website.