This video discusses whether Floki, a meme token, will be listed on Binance. The developers behind the project submitted a governance proposal to burn 55 million Floki tokens and reduce transaction taxes, as part of a broader effort to position it as a serious DeFi competitor. Burning tokens reduces supply, increasing value under stable demand. The proposal received support from 9% of all voters. Floki plans to list on Binance, and has rallied 40% in the past 24 hours. The video emphasizes that it is not investment advice and encourages viewers to conduct their own research.
Hey guys, welcome to a brand new video. In this one, we’re going to talk about Floking and the topic is – will it be listed on Binance? So, let’s find out in this video.
Before we dive into the details, let me make a disclaimer that this video is not going to be an investment advice. You should always do your research and investigation about any of the things that I say or anyone else.
About Floki Token
The meme token, Floki, has been in the news recently, and we’ve made a lot of videos about it. The developers behind the Shiba Inu themed project of Floki, Anju, submitted a governance proposal to burn around $55 million in eponymous Floki tokens and reduce the tax on every transaction of the token.
The developers said the proposal is part of the broader movement to position Floki as a serious DeFi project. Burning tokens is a way of reducing supply, which increases the value of the token, and we all are familiar with this concept. The Floki team hopes to position the project as a serious decentralized finance competitor.
Floki’s recent DAO vote made it clear that Floki is more than just a meme coin. Its core team member said that the Floki has demonstrated a strong focus on utility and fundamentals through the main version of our Floki Phi Locker protocol and the first major test and release over bear market metaverse game. The proposal also drew attention to the security risks associated with Bridges, as another justification.
If this offer is accepted, approximately 4.971 trillion Floki tokens on the Floki bridge will be burned, and self-imposed trading tax on each transaction will be reduced to 0.3 percent. The bridge will also be permanently disabled. They also announced that they will list on Binance.
The administration form shows that an overwhelming 9% of all voters support the newly drafted proposal. Floki initially issued its token on Ethereum with a total supply of 10 trillion tokens, then switched to the faster and cheaper Binance Smart Chain, based on community demands.
According to data from CoinGecko, Floki is up 40% in the last 24 hours. Again, this is not investment advice, and we have presented the facts to you. The rest is up to you to believe whether it is true or not, but this will allow you guys to make an informed decision. Thank you for watching, and I’ll see you guys in the next one shortly. So, stay tuned.