Floki DAO has made a crucial decision to remove the 0.3% transaction tax on $TOKEN, aimed at enhancing the token's accessibility and utility.
A Unanimous Decision from Floki DAO
The proposal to eliminate the transaction tax on $TOKEN was put forward in the Floki DAO, a key governance body within the Floki ecosystem. The vote received 100% support, marking a rare instance of complete alignment within a DAO. As a result, the transaction tax on $TOKEN has been officially set to 0% across both Ethereum and BNB Chain. This change is aimed at reducing transaction friction and creating a more attractive trading experience.
Aiming for Broad Utility and Increased Adoption
TokenFi, part of the Floki ecosystem, offers users a platform to easily create tokens and tokenize real-world assets without coding expertise. Simplifying the trading process for $TOKEN could pave the way for its broader use in decentralized applications, increasing its value and utility over time. TokenFi's long-term vision is aligned with the asset tokenization market, which is projected to reach $16 trillion by 2030.
The Role of $TOKEN in the TokenFi Ecosystem
TokenFi's platform includes tools like the Launchpad, AI Smart Contract Auditor, and RWA Module. $TOKEN plays a central role in powering the ecosystem, supporting the platform’s functionalities and services. Plans for expanding the product suite aim to enhance the adoption of $TOKEN among DeFi platforms.
The removal of the transaction tax on $TOKEN marks a significant step towards improving its accessibility and utility, potentially driving increased engagement and adoption among users and investors.
