In a groundbreaking move that has captivated the crypto community, Floki Inu is on the cusp of introducing a brand new utility token and an enticing staking reward initiative. The proposal, which has garnered a remarkable 97.91% community support, stands poised to reshape the Floki ecosystem.
In a recent tweet by RealFlokiInu, the official Twitter account of the Floki Inu cryptocurrency project, a new DAO proposal for Floki’s staking reward token is unveiled, outlining key details and potential partnerships.
Floki’s latest DAO proposal just went live:
— FLOKI (@RealFlokiInu) October 18, 2023
SHOULD FLOKI LAUNCH A STAKING REWARD TOKEN?
If this proposal passes:
– The Floki STAKING program and two key roadmap items (Project TL + Mystery Project) will go live on October 27, 2023.
– A reward token will be introduced for the… pic.twitter.com/agVoNdoIU4
Pending any unexpected alterations in the voting outcome, Floki enthusiasts could anticipate the launch of this novel token and staking program on October 27, 2023. This strategic maneuver is set to enhance liquidity for the token, providing an effortless trading experience on decentralized exchanges like Uniswap and PancakeSwap.
The core idea behind this initiative is to grant users access to Floki’s upcoming token solely through the locking and staking of FLOKI tokens, spanning a timeframe of three months to four years. Notably, there would be no pre-sale or private sale events, with an impressive 56% of the token supply allocated for distribution through the staking program.
As of the most recent data, the price of FLOKI stands at $0.00001801, reflecting a 1.77% increase in the past 24 hours. This cryptocurrency is currently ranked 140th by market capitalization, which is valued at $170,764,255. In terms of trading volume, FLOKI has seen a significant surge, with a 24-hour trading volume of $40,308,066, ranking it 69th in the market. This uptick in trading activity indicates heightened interest and activity surrounding FLOKI.
The Floki team, in a comprehensive proposal, elucidated the motivation behind this long-anticipated move. Staking has been a persistent demand from the Floki community, and the team has judiciously decided to heed this call, recognizing its potential to bolster the ecosystem’s growth and long-term sustainability.
The introduction of this token would create inherent demand for FLOKI, as users would be compelled to purchase and stake FLOKI tokens to unlock rewards. It’s not merely a token that users could casually farm; it is poised to become a robust utility token, with substantial development already in progress.
Excitingly, Floki has cemented a partnership with the prominent market-making firm, DWF Labs, further underscoring the project’s commitment to success. Building on its existing partnership with BitGo, the team claims to have secured agreements with prominent centralized exchanges to list the new token once it makes its grand entrance.
With this bold move, Floki Inu enters the sphere of dog-themed blockchain projects featuring a multi-token ecosystem, standing tall alongside its renowned counterpart, Shiba Inu, which boasts a trifecta of tokens: Shiba Inu (SHIB), BONE ShibaSwap (BONE), and Doge Killer (LEASH).
This pivotal moment for Floki marks an evolution that aligns with the ever-changing crypto landscape. The community’s resounding support and the comprehensive strategy behind this proposal signify a bright future for Floki Inu, with the October 27th launch date just around the corner, heralding a new era of possibilities.
