TokenFi has announced the elimination of the 0.3% tax on buying and selling its native token, TOKEN, following full backing from the Floki DAO.
Floki DAO Initiative
The decision to abolish the tax on TOKEN transactions was made following a vote where the Floki DAO received 100% community support. This decision highlights the joint desire of both Floki and TokenFi communities to reduce trading barriers and increase the accessibility and utility of the token.
Impact on TOKEN
The tax removal is already live across the Ethereum and BNB Chain networks. It is expected that by reducing trading friction, TOKEN's utility will increase, enhancing its liquidity on decentralized exchanges and improving market efficiency. TokenFi aims to position TOKEN as a utility and governance asset within DeFi ecosystems, boosting its real-world applications.
About TokenFi and Floki
TokenFi is a tokenization platform that allows users to create and tokenize assets using a WYSIWYG interface with no coding required. The platform aims to carve out a significant portion of the multi-trillion-dollar tokenization market by 2030. Supported by the Floki ecosystem and governed by the Floki DAO, Floki is a people's cryptocurrency and utility token of the Floki Ecosystem, aspiring to be the world's most recognizable cryptocurrency.
The removal of the transaction tax on TOKEN could enhance its appeal to investors and traders, offering new usability prospects and driving further development within the Floki ecosystem.
