PROPOSAL: Invest $200,000 from the Floki Treasury in the Simon's Cat token

We recently announced that the world-famous cat meme brand Simon's Cat will launch its token exclusively through TokenFi Launchpad and in partnership with Floki.

As part of our partnership terms with Simon's Cat, we have an opportunity to invest up to $200,000 from the Floki Treasury in the their $CAT token at the private sale valuation of $20 million.

Currently, our treasury mainly holds the following tokens:

• BNB
• ETH
• Stablecoins (USDT/USDC)
• Our own tokens (FLOKI/TOKEN)

If this proposal passes, we will hold $CAT 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, Simon's Cat is more mainstream and popular than the three top cat memecoins combined. These memecoins (Popcat, Mog, and Mew) each have a market cap between $380 million and $420 million+ at the time of this proposal and a peak valuation between $700 million to $1 billion market cap just weeks ago. Being able to invest part of the Floki Treasury at the private sale valuation of $20m gives significant potential for outsized returns, which should further strengthen the Floki Treasury.

• This deepens our relationship with Simon's Cat by showing a public vote of confidence in them. This is important since Simon's Cat 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 Floki holders. 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 $CAT 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.
• The Simon's Cat token is a memecoin. The team clearly states that there is no promise of utility or performance, so this is a risky investment.

Are you in favor of this proposal?