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FLOKI DAO Approves Liquidity for Floki ETP Launch in 2025
In a landmark decision, the FLOKI DAO (Decentralized Autonomous Organization) has voted overwhelmingly to approve the liquidity proposal for the upcoming Floki ETP (Exchange-Traded Product) launch in 2025. This significant move marks a crucial milestone for the Floki ecosystem as it paves the way for the creation of the second memecoin ETP on a regulated exchange, following Dogecoin ETP.
According to reports, FLOKI DAO has decided to allocate a portion of the $16.3 billion FLOKI tokens from its community buyback wallet towards providing liquidity for the Floki ETP. The remaining tokens will be burned, thereby decreasing the token supply and supporting the successful launch of the ETP.
The proposed plan is expected to enhance the usage of the Floki ecosystem, broadening its reach within the conventional financial system and cryptocurrency markets. This development may attract more investors as it provides a regulated avenue for them to invest in FLOKI without exposing themselves to excessive regulatory risks.
In related news, the Commodity Futures Trading Commission (CFTC) has officially recognized FLOKI as a utility token during its recent Global Markets Advisory Committee meeting. The CFTC’s acknowledgment further solidifies FLOKI’s growing legitimacy within the crypto space.
The FLOKI ETP is anticipated to launch in Q1 2025, marking a significant achievement for the Floki team and the memecoin community as a whole.
Source: cryptotale.org
