Floki DAO has officially voted to eliminate the 0.3% transaction tax for $TOKEN, aiming to enhance its accessibility and utility.
A Unanimous Decision from Floki DAO
The proposal to remove the buy/sell transaction tax for $TOKEN was brought forward through the Floki DAO. This decision received 100% support from the community, marking a rare instance of complete agreement within a DAO vote. The change is now effective immediately across the Ethereum and BNB Chain networks. By eliminating transaction friction, TokenFi aims to create a more seamless trading experience for token holders, potentially increasing its liquidity.
Aiming for Broad Utility and Increased Adoption
TokenFi, part of the Floki ecosystem, is designed to provide a 'no-code', all-in-one platform for creating and tokenizing assets. The removal of transaction tax is part of its strategy to establish $TOKEN as a key utility asset in decentralized finance. Simplifying the trading process makes $TOKEN more accessible to a broader range of users.
TokenFi's Future in the Asset World
TokenFi aims to participate in the growing asset tokenization market, expected to reach $16 trillion by 2030. The platform allows users to easily tokenize both digital and real-world assets, making it an essential tool for businesses and investors. $TOKEN, as the platform's utility token, supports its ecosystem, including features like TokenFi Launchpad and AI Smart Contract Auditor.
Floki DAO's decision to remove transaction tax for $TOKEN may lead to expanded ecosystem participation and increased liquidity on decentralized exchanges.
