PROPOSAL: Invest $200,000 from the Floki Treasury in the RICE AI token

We recently announced that the highly anticipated robotics company, Rice Robotics, will launch its token exclusively through TokenFi Launchpad and in partnership with Floki.

As part of our partnership terms with Rice Robotics, we have an opportunity to invest up to $200,000 from the Floki Treasury in their $RICE token at the private sale valuation of $10 million.

If this proposal passes, we will hold $RICE in our treasury alongside our ecosystem tokens (FLOKI & TOKEN), established stablecoins (USDT & USDC), and the native tokens of the blockchains our tokens are live on (BNB and ETH).

PROS OF THIS PROPOSAL Diversifies the Floki treasury by allowing us to put a very small portion of the treasury holdings in a promising asset that has great potential for appreciation.

For perspective, RICE AI is the most anticipated DePin x Robotics x AI launch on the BNB chain. With top-tier partners and clients like Nvidia, Softbank, and 7-Eleven, Rice Robotics is pioneering the future of decentralized AI and robotics. Their custom $FLOKI Minibot M1, created in partnership with Floki, will integrate with the RICE AI protocol and reward users with $RICE for training data. Being able to invest part of the Floki Treasury at the private sale valuation of $10m gives significant potential for outsized returns, which should further strengthen the Floki Treasury.

This deepens our relationship with Rice Robotics by showing a public vote of confidence in them. This is important since Rice Robotics is a massive web2 brand that is launching its web3 presence through an exclusive partnership with the Floki Ecosystem, even allocating a good portion of its token supply to be airdropped to the Floki and Token ecosystem. It also sends a strong message to similar projects that Floki will fully support them if they choose Floki and TokenFi as their main launch partner, which should provide benefits to $FLOKI and $TOKEN holders.

CONS OF THIS PROPOSAL. While we have a strong thesis and confidence in the potential of the $RICE token relative to competitors, we do not have influence over its price or performance. The token's performance is solely influenced by market forces we have no control over.

Are you in favor of this proposal?