The Floki DAO has decided to remove the 0.3% buy/sell tax on $TOKEN, marking a significant step towards enhancing the token’s accessibility and utility in the cryptocurrency market.
A Unanimous Decision from the Floki DAO
The proposal to eliminate the transaction tax on $TOKEN was made through the Floki DAO, a key governance body within the Floki ecosystem. The vote, held via Snapshot, received 100% support. The transaction tax is now set to 0% on both Ethereum and BNB Chain networks. This change aims to improve the trading experience and increase the token’s liquidity.
Aiming for Broad Utility and Increased Adoption
TokenFi is designed to offer users without coding skills the opportunity to create tokens and tokenize real-world assets. Removing the tax is part of a strategy to position $TOKEN as a key utility asset in the DeFi world, potentially expanding its usage in decentralized applications.
The Future of Tokenization with TokenFi
With a long-term vision for the growing asset tokenization market, TokenFi aims to capture a significant portion of this industry. The platform facilitates the tokenization of both digital and real-world assets, providing an easy way for businesses and investors to bring assets onto the blockchain.
The decision to remove the transaction tax bolsters TokenFi's position in the tokenization industry, increasing $TOKEN’s appeal and expanding its potential on decentralized platforms.
