Floki Allocates Tokens for ETP on Swiss Exchange

user avatar

by Giorgi Kostiuk

2 years ago

The Floki DAO has unanimously approved a proposal to allocate a portion of its token supply as liquidity for an upcoming exchange-traded product (ETP), marking a significant milestone for the meme coin Floki.

Floki ETP: A New Milestone

Floki's ETP will be launched on Switzerland's SIX Swiss Exchange in the first quarter of 2025, offering a new, secure way for investors to gain exposure to Floki without direct asset ownership.

Overcoming Challenges in ETP Launch

Launching a meme coin on a regulated exchange involves challenges such as volatility. Floki partners with a leading asset manager and ETP issuer to ensure successful launch and stability.

Expanding Floki Ecosystem

Floki is also expanding its ecosystem with the anticipated launch of the Valhalla metaverse game and University of Floki project. The Floki Debit Card, available in 31 European countries, has also been launched.

Floki's initiatives aim to strengthen its position in the global crypto market, becoming more accessible and reliable for institutional and retail investors.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Kava Lend Suffers Major Exploit, 55 Million KAVA Tokens Lost

An exploit at Kava Lend has drained approximately 55 million KAVA tokens due to a vulnerability in the DeFi protocol.

user avatarAyman Ben Youssef

Investor Sentiment Plummets as Crypto Fear and Greed Index Hits 10

Investor sentiment has deteriorated, with the Crypto Fear and Greed Index dropping to 10, indicating extreme fear in the market.

user avatarTando Nkube

Other Crypto Funds Experience Significant Withdrawals

Other cryptocurrency ETF categories, including Solana and XRP, recorded significant withdrawals, indicating a broader trend of selling pressure.

user avatarSatoshi Nakamura

MEGA Plans AI Marketplace Launch for December

MEGA is set to launch an AI inference marketplace in December, allowing customers to access services from various AI model providers.

user avatarNguyen Van Long

MEGA Reduces Workforce to Shift Focus to AI Products

MEGA has laid off 20 employees as part of a restructuring to expand into artificial intelligence, moving beyond its blockchain infrastructure.

user avatarKofi Adjeman

Institutional Withdrawals from Crypto ETFs Reach Over $1 Billion

Institutional demand for crypto ETFs has weakened significantly, with US spot Bitcoin ETFs experiencing over $1 billion in withdrawals for the second consecutive week.

user avatarJesper Sørensen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.