TokenFi Removes TOKEN Buy/Sell Tax After Unanimous DAO Vote
TokenFi has officially removed the 0.3% buy/sell tax on its native token, TOKEN, following a unanimous vote from the Floki DAO. The move is aimed at reducing friction in transactions, increasing accessibility, and expanding the utility of TOKEN.
Community Consensus
The vote was announced via the Snapshot platform and received full support from the Floki and TokenFi communities. This is one of the rare DAO votes with absolute consensus, showing a high level of consensus on improving the trading experience for users.
Increased Liquidity and Market Efficiency
The removal of the buy/sell tax has gone into effect on both the Ethereum network and BNB Chain. By reducing transaction barriers, TokenFi hopes to boost TOKEN liquidity on decentralized exchanges and improve market efficiency. This also makes it easier for both new and existing holders to trade TOKEN.
Positioning TOKEN in the DeFi Ecosystem
TokenFi, connected to the Floki ecosystem, is working to position TOKEN as a utility and governance asset on DeFi platforms. The elimination of transaction taxes is a key step in the strategy to expand real-world use cases and increase the appeal of TOKEN in the crypto community.
About TokenFi
TokenFi is an all-in-one tokenization platform that requires no programming skills, allowing users to create tokens and tokenize real-world assets in just a few clicks through an intuitive interface. Positioned to tap into the crypto market expected to reach $16 trillion by 2030, TokenFi aims to simplify and accelerate the process of bringing assets onto the blockchain.
About Floki
Floki is the cryptocurrency and community utility token in the Floki ecosystem. With over 530,000 owners, Floki aims to become the most widely known and used cryptocurrency in the world, focusing on utility, charity, community, and marketing. The Floki brand has gained global recognition through strategic marketing strategies, including collaborations with other well-known projects in the industry.
The elimination of TOKEN purchase/sale taxes marks a major step forward in promoting the growth and widespread adoption of TokenFi in the cryptocurrency community.