Floki DAO has recently announced the removal of the 0.3% buy/sell tax on $TOKEN, significantly enhancing its accessibility and usability within the cryptocurrency community.
A Unanimous Decision from Floki DAO
The proposal to eliminate the transaction tax on $TOKEN was made through the Floki DAO. The vote, conducted on the Snapshot platform, received 100% support. The transaction tax is now officially set to 0%, effective on both Ethereum and BNB Chain networks. This change is aimed at facilitating easier interactions with the token and increasing liquidity on decentralized exchanges.
Aiming for Broad Utility and Increased Adoption
TokenFi is designed to provide a no-code platform for creating tokens and tokenizing real-world assets. The removal of the tax makes $TOKEN a key asset on decentralized finance platforms, increasing its value and utility over time. In the long term, TokenFi aims to capture a significant portion of the asset tokenization market, projected to reach $16 trillion by 2030.
Future Plans for TokenFi
TokenFi's platform enables users to tokenize both digital and real-world assets with ease. The $TOKEN is used to power various tools and services on the platform, such as the TokenFi Launchpad and AI Smart Contract Auditor. TokenFi plans to expand its ecosystem with additional products and services, aiming to increase the adoption of $TOKEN across DeFi platforms.
The removal of transaction taxes on $TOKEN opens up new opportunities for its use with minimal barriers. TokenFi is preparing the ground for significant growth in the tokenization market, where it aims to become a leading player.
