Floki Inu DAO Passes Proposal to Burn 4.2 Trillion Tokens


The Floki DAO voted to permanently burn 4.97 trillion FLOKI tokens in Floki’s main bridge and lower the Floki transaction tax to 0.3%.

The proposal was approved by a 99.97% vote in favor of burning both bridge tokens as well as a 0.03% vote against it.

By the time the vote was over, the 4.97 trillion FLOKI tokens that were being burned, which were once valued at $55 million, were worth $102 million.

The FLOKI transaction tax will be reduced to 0.3% as of February 3rd, 8 PM UTC in accordance with the Floki DAO’s decision.

By 8 PM UTC on February 9th, 2023, all 4.97 trillion FLOKI tokens in the main Floki cross-chain bridge will have been burned permanently.

In order to determine whether Centralized Exchanges (CEXs) where Floki is listed might require assistance in bridging their tokens prior to the permanent bridge token burn, the team is actively engaging with them.

Additionally, the team would be providing arrangements for FLOKI token owners who would want to transfer their FLOKI tokens from the ETH chain to the BNB chain prior to the permanent bridge token burn. 

Currently, Floki Inu is trading at a price of $0.00002312.

Also Read: Meme Token BONK Burns 500 Billion Coins Causing Price Surge


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