REDUCE THE TOKENFI TRANSACTION TAX TO 0.3%

The Floki DAO recently voted in favor of launching the Floki staking program and a new reward token for FLOKI stakers.

This led to the launch of TokenFi (with ticker “TOKEN”), which is a crypto and asset tokenization platform targeting the tokenization industry that is projected to be a $16 trillion industry by 2030.

Since its launch, TokenFi has recorded the following colossal successes within the first four days of its launch:

• Over 15,000 holders.
• Over $22 million in volume within the first 24 hours on DEXs we launched it on.
• Becoming one of the hottest and most discussed tokens in the space.
• Showing great strength that has resulted in the FLOKI community being able to earn APY as high as 120% even with almost $50 million worth of FLOKI tokens already staked.

These are all impressive accomplishments, but for true adoption to happen for TokenFi, the transaction tax needs to be reduced significantly from the current 5 percent that it is.

Reducing the current tax from 5% will allow exchanges to sustainably list the token, which will help increase its market liquidity and accessibility to users who want to hold it. Reducing the current tax will also accelerate adoption among general crypto and mainstream users since the barrier to entry is low.

As such, we are making a proposal to the Floki DAO to reduce the TokenFi / $TOKEN transaction to 0.3% and initiate the next phase of growth for the project.

Of course, a question many would have is about how we can ensure enough funding and sustainability of the project from an operational, growth, and marketing standpoint if the token transaction tax is reduced to 0.3%.

The answer to that is simple:

The team prepared for this and designed the tokenomics so that 20% of the TokenFi total supply was allocated to the Floki treasury. With this, we can facilitate OTC transactions for funding with our institutional partners at any time. Currently, there is strong institutional interest in TokenFi, and we expect this interest to increase as the tokenization trend catches on. We believe we will be in a sustainable position to build out the best tokenization platform in this space.

In addition, reducing the transaction tax to 0.3% will boost $TOKEN trading volume significantly, which should also result in income being generated from the increased volume when tax is lowered.

ARE YOU IN FAVOR OF REDUCING THE $TOKEN TRANSACTION TAX TO 0.3%?