Floki DAO has approved the launch of its ETP on SIX Swiss Exchange, marking a significant step towards legitimizing meme coins in traditional financial markets.
Launching Floki ETP
Floki DAO voted to allocate 16.3 billion tokens as liquidity for the upcoming ETP, set to launch on SIX Swiss Exchange in 2025, making Floki the second meme coin after Dogecoin on a regulated market.
Challenges of Launching a Meme Coin on Exchange
Launching a meme coin on a regulated exchange presents numerous challenges due to their volatility. Floki has partnered with a leading asset manager and ETP issuer to ensure a successful launch and stability of the product.
Future Developments for Floki
Floki is expanding its ecosystem. Plans include launching the NFT-based metaverse game Valhalla and the educational initiative University of Floki. Additionally, the Floki debit card is available in 31 European countries, bridging the crypto and traditional financial worlds.
The ETP launch and related projects strengthen Floki's position in both the crypto market and traditional financial sector.
