Floki DAO has officially removed the 0.3% buy/sell tax on the $TOKEN token. This decision aims to improve the token's accessibility and appeal within the cryptocurrency ecosystem.
A Unanimous Decision from Floki DAO
The proposal to remove the buy/sell tax on $TOKEN was made through Floki DAO, the main governance body of the Floki ecosystem. Receiving 100% support from the community, the decision was implemented immediately across Ethereum and BNB Chain networks. The aim is to reduce barriers for traders and investors.
Aiming for Broad Utility
TokenFi, part of the Floki ecosystem, offers a platform for easy creation of tokens and real-world asset tokenization. Removing the tax is part of the strategy to make $TOKEN a key utility and governance asset in decentralized finance. Simplifying the trading process opens the path for broader use.
Future Development of TokenFi
TokenFi is focusing on the growing asset digitization market, projected to reach $16 trillion by 2030. The platform allows for the easy tokenization of both digital and real-world assets, making the technology accessible. $TOKEN plays a central role in the ecosystem, supporting various tools and services.
The removal of the tax on $TOKEN demonstrates TokenFi's intention to create a more attractive and accessible trading platform. This could lead to increased participation in the ecosystem and strengthened positioning in the rapidly growing tokenization market.
