Floki DAO has decided to eliminate the 0.3% buy/sell tax on $TOKEN, aiming to increase its accessibility and market appeal.
A Unanimous Decision from Floki DAO
The proposal to remove the tax on $TOKEN was made through Floki DAO, receiving 100% support. This marks a rare instance of complete alignment in DAO voting. The transaction tax for $TOKEN is now 0% on Ethereum and BNB Chain, intended to enhance trading experience and liquidity.
Aiming for Broad Utility and Increased Adoption
TokenFi, part of the Floki ecosystem, offers a no-code platform to create tokens and tokenize assets. Removing the tax is part of a strategy to strengthen $TOKEN as a key asset in DeFi platforms, potentially facilitating its broader use in decentralized applications.
Platform and Future of $TOKEN
TokenFi aims to expand the asset tokenization market, expected to reach $16 trillion by 2030. The platform enables easy tokenization of both digital and real-world assets. $TOKEN is a central part of the TokenFi ecosystem, playing a crucial role in services like the Launchpad and AI Smart Contract Auditor. Future plans include broadening $TOKEN's use.
The tax removal for $TOKEN presents new opportunities to attract users and increase its role in DeFi ecosystems.
