The Floki DAO community has made a pivotal decision to remove the 0.3% transaction tax on $TOKEN, a move aimed at enhancing its accessibility on crypto exchanges.
A Unanimous Decision from Floki DAO
The Floki DAO, a key governance body in the Floki ecosystem, voted to remove the tax on $TOKEN. The proposal received 100% support, marking this decision as a rare instance of complete alignment within DAO votes. The buy/sell transaction tax on $TOKEN is now set at 0% and is effective immediately across the Ethereum and BNB Chain networks. This is expected to make token trading more attractive and facilitate engagement for new and existing holders.
TokenFi's Strategy for Broad Utility
Part of the Floki ecosystem, TokenFi aims to provide users with a platform to create tokens and tokenize real-world assets without coding knowledge. The tax removal on $TOKEN is part of TokenFi's strategy to enhance its utility and value in the DeFi space. By simplifying the trading process, $TOKEN can be more easily used across decentralized applications and exchanges, improving liquidity and easing user participation.
TokenFi's Future in the Tokenization Market
TokenFi's vision is tied to the expanding tokenization market, which experts predict could reach $16 trillion by 2030. The platform enables the tokenization of both digital and real-world assets, making it an essential tool for businesses and investors looking to harness blockchain benefits. Launched on networks like Ethereum, BNB Chain, opBNB, Base, and Arbitrum, the platform plans to further expand its products and services to increase $TOKEN's adoption in DeFi.
Removing the transaction tax on $TOKEN is a strategic move not only to improve its accessibility but also to enhance liquidity and active use of the token in decentralized finance.
