Floki DAO has officially voted to remove the 0.3% buy/sell tax on TokenFi ($TOKEN), significantly enhancing its accessibility and applicability in the market.
A Unanimous Decision from the Floki DAO
The proposal to eliminate the tax on $TOKEN was made via the Floki DAO, a core governance body in the Floki ecosystem. The vote, carried out through Snapshot, received 100% support, signaling a rare instance of complete alignment within a DAO vote. With this decision now implemented, the buy/sell transaction tax on $TOKEN is set to 0%, effective across Ethereum and BNB Chain networks. This transaction friction removal aims to create a more appealing trading environment for $TOKEN holders.
Aiming for Broad Utility and Increased Adoption
TokenFi, part of the Floki ecosystem, offers users a no-code platform for creating tokens and tokenizing real-world assets. The removal of the buy/sell tax is part of TokenFi's strategy to position $TOKEN as a key utility and governance asset in DeFi. Simplifying the trading process may pave the way for broader $TOKEN use in decentralized applications.
TokenFi's Tokenization Platform
TokenFi enables users to easily tokenize both digital and real-world assets, making the platform a critical tool for leveraging blockchain technology benefits. TokenFi's long-term vision is aligned with the growing asset tokenization market, projected to reach $16 trillion by 2030. The platform’s utility token, $TOKEN, powers tools like the Launchpad and the AI Smart Contract Auditor.
The removal of the buy/sell tax on TokenFi token reflects Floki DAO's commitment to improving the accessibility and functionality of $TOKEN, potentially leading to greater liquidity and engagement within the platform's ecosystem.
