Floki DAO has decided to remove the 0.3% buy/sell tax on $TOKEN, thereby enhancing its accessibility and appeal in the broader cryptocurrency market.
Unanimous Decision by Floki DAO
The Floki DAO, a major governance entity within the Floki ecosystem, proposed eliminating the transaction tax on $TOKEN. The vote, conducted via Snapshot, received 100% support, marking a rare instance of absolute agreement in a DAO vote. With this decision, the $TOKEN transaction tax is officially set to 0%, effective immediately on both the Ethereum and BNB Chain networks. By removing transaction barriers, TokenFi aims to create a more seamless and attractive trading experience for both new and existing holders.
Expanding Utility and Adoption
TokenFi, a part of the Floki ecosystem, offers users a no-code, all-in-one platform for creating and tokenizing real-world assets. The removal of the transaction tax on $TOKEN is part of TokenFi’s broader strategy to position $TOKEN as a key utility and governance asset across decentralized finance systems. Simplifying the trading process could pave the way for broader use of $TOKEN in decentralized applications.
Strategy for Tokenization
TokenFi’s long-term vision is tied to the growing asset tokenization market. Industry experts predict that tokenization could become a $16 trillion industry by 2030, and TokenFi aims to capture a significant portion of this market.
The Floki DAO’s decision to eliminate the $TOKEN transaction tax is a strategic move to enhance the token's liquidity and attractiveness. It also opens new opportunities for the use of $TOKEN in decentralized applications and platforms.
