Floki DAO has decided to eliminate the 0.3% buy/sell tax on $TOKEN, marking a significant step towards enhancing its accessibility.
Unanimous Decision from Floki DAO
The proposal to remove the transaction tax was brought to a vote within the Floki DAO, receiving 100% community support. This decision, published via Snapshot, sets the buy/sell tax on $TOKEN to 0% and is effective immediately across both Ethereum and BNB Chain networks.
Increasing Liquidity and Utility
With the tax eliminated, TokenFi aims to simplify the trading process for $TOKEN, lowering entry barriers. This decision may lead to increased liquidity on decentralized exchanges and broaden the token's use among investors and traders.
Long-Term Strategy of TokenFi
TokenFi is developing a platform that allows users to create tokens and tokenize real-world assets without requiring programming skills. Simplifying the trading process for $TOKEN is part of its strategy to position the token as a key asset in DeFi. Tokenization of assets is expected to become a $16 trillion market by 2030, and TokenFi is aiming to capture a significant share of this segment.
The removal of the buy/sell tax on $TOKEN enhances its liquidity and broadens access to its use on decentralized platforms, attracting both new and existing users.
