PROPOSAL: REMOVE THE TOKENFI BUY/SELL TRANSACTION TAX

The TokenFi smart contract has a 0.3% buy/sell transaction tax that is charged when users interact with $TOKEN on-chain through DEXs: 80% of this tax goes to the Floki Treasury while 20% goes to the TokenFi Liquidity Pool.

A very important and strategically significant partner has requested a complete removal of the TokenFi buy/sell tax as a condition for having $TOKEN integrated on their platform. This integration makes it easy for tens of millions of users to access TOKEN and will help accelerate adoption, and we believe removing the tax will make TOKEN more attractive in several ways.

As a result, we would like to propose a complete removal of the TokenFi transaction tax so that it has a 0% tax immediately this proposal passes.

Pros:

We meet the requirement for a very important and strategic integration that will accelerate adoption for TokenFi. TokenFi becomes a lot more attractive to key CEXs and partners that would like to integrate it due to its lack of transaction tax. TokenFi becomes a lot more attractive to whales and on-chain traders due to a lack of transaction tax.

Cons

We lose the revenue from the transaction tax: currently, the amount being generated from the tax is very insignificant so this will not have any material impact on the project. In addition to this, TokenFi has a robust treasury that allows it to make key operational, development, and marketing moves that will accelerate its growth, so there will be zero negative impact on the project if the tax is removed.

Should the TokenFi transaction tax be removed?

YES NO