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Floki DAO to Burn 4.97 Trillion Floki Inu; FLOKI Soars

Published 2023-01-30, 11:58 a/m
© Reuters. Floki DAO to Burn 4.97 Trillion Floki Inu; FLOKI Soars

Coin Edition -

  • A proposal to burn 4.97 trillion Floki Inu tokens has been approved.

  • The maximum amount of Floki Inu tokens is 10 trillion.

  • FLOKI spiked by almost 15% shortly after the plan was aired.

A proposal to permanently burn 4.97 trillion $FLOKI tokens in Floki’s main bridge and cut the Floki transaction fee to 0.3% has been formally approved by the Floki Decentralized Autonomous Organization (DAO).

The proposal was approved with a vote tally of 99.97% in support of both burning the bridge tokens and 0.03% against the proposal. This resulted in the proposal winning.

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