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Floki ETP Gains Traction as Community Passes Major Proposal
The Floki Inu community has reached a significant milestone as the Floki DAO has approved a proposal to provide liquidity for the creation of a Floki ETP. This marks the first time in the DAO’s history that a proposal has passed without a single opposing vote.
As announced on X, the proposal will see a portion of the 16,310,285,772.6 FLOKI tokens held in a “community buyback wallet” used to provision liquidity for the Floki ETP. The remaining crypto tokens from the wallet will be burned.
The approval of this proposal is a notable step forward for the community, as the protocol continues its efforts to achieve its ambitious goal of becoming the world’s most-used crypto.
Source: www.cryptonewsz.com
