Floki, a meme-inspired cryptocurrency project, is making strides to launch its FLOKI token as an exchange-traded product (ETP) aimed at the European market by 2024.
Steps for Approval
Securing approval from the Floki DAO community is a pivotal step for the developers as they introduce this new investment vehicle. To ensure initial liquidity, a proposal for the allocation of FLOKI tokens has been put forward. Voting is scheduled to span 48 hours, concluding on December 27 at 11:00 UTC. Should the community support the initiative, a portion of FLOKI tokens will be designated from the treasury wallet managed by Floki DAO for the ETP.
Where Will ETP Be Listed?
The developers indicate that the ETP is approaching finalization for trading on the SIX Swiss Exchange, which ranks as Europe’s third-largest exchange. One developer emphasized that the Floki ETP will grant regulated access to FLOKI tokens for a diverse range of investors, including institutional entities.
Significance of ETP Launch for Floki
The introduction of the Floki ETP marks a significant milestone for the FLOKI token, potentially establishing it as a distinctive investment option in the European market, while also potentially strengthening ties with institutional investors.
The launch of the ETP for FLOKI token is set for early 2024 and could play a crucial role in attracting institutional investors and increasing liquidity, while enhancing the token's visibility in the European financial market.
