Floki DAO has officially voted to remove the 0.3% buy/sell tax on the TokenFi token, marking a move toward increased accessibility and usability of the token.
A Unanimous Decision from Floki DAO
The proposal to eliminate the buy/sell tax on $TOKEN was put forward through Floki DAO, a central governance body in the Floki ecosystem. The vote, published via Snapshot, received 100% support, a rare scenario of complete alignment in a DAO vote. With the decision implemented, the buy/sell transaction tax on $TOKEN is now 0%, effective immediately on both Ethereum and BNB Chain networks. Removing transaction friction aims to create a more attractive trading environment for both new and existing holders, enhancing liquidity and easing the investor and trader engagement with $TOKEN.
Aiming for Broad Utility
Part of the Floki ecosystem, TokenFi offers users a no-code platform to create tokens and tokenize real-world assets. The removal of the buy/sell tax for $TOKEN is part of a strategy to make it a key utility and governance asset on decentralized finance platforms. Simplifying the trading process could extend $TOKEN’s use in decentralized applications, increasing its value and utility over time. TokenFi’s platform allows users to tokenize both digital and real-world assets efficiently, making it a critical tool for businesses and investors bringing assets on-chain without requiring complex coding skills.
Future Outlook and Deployment
TokenFi has been deployed on major networks including Ethereum, BNB Chain, opBNB, Base, and Arbitrum. The platform provides users with a diverse range of tools and services such as token launch, AI-powered smart contract auditing, and an RWA module. The $TOKEN serves as the centerpiece of the TokenFi ecosystem, powering its various functions. Future plans include expanding the platform’s product and service lineup to enhance $TOKEN adoption across DeFi platforms, potentially boosting its liquidity and market efficiency.
Floki DAO's decision to eliminate the transaction tax on $TOKEN could lead to increased liquidity and adoption of the token in decentralized finance ecosystems, encouraging its broader use and increased value.
