The Floki DAO has decided to eliminate the 0.3% buy/sell tax on $TOKEN to enhance its accessibility and usability in the cryptocurrency market.
A Unanimous Decision from the Floki DAO
The proposal to eliminate the tax on $TOKEN was made through the Floki DAO and received unanimous support from the community via Snapshot. This decision aims to improve token accessibility on networks such as Ethereum and BNB Chain by eliminating transaction friction.
Aiming for Broad Utility and Increased Adoption
TokenFi uses this measure as part of its strategy to promote $TOKEN as a key asset in decentralized finance (DeFi). Simplifying the trading process will pave the way for broader use of the token in decentralized applications.
TokenFi’s Long-term Vision and Strategy
TokenFi plans to capture a significant share of the growing asset tokenization market, expected to reach $16 trillion by 2030. The platform enables users to easily tokenize digital and real-world assets on networks such as Ethereum and BNB Chain.
The removal of the $TOKEN tax marks a significant step towards wider adoption and accessibility of the token in the DeFi sphere. TokenFi continues to expand its ecosystem for future growth.
