Jan 27, 2023 at 04:26Floki Inu, the meme-inspired cryptocurrency, shot to new heights on the market after a proposal to incinerate a staggering $55 million worth of its tokens was put forth and embraced by the community.
This playful pup’s token price leaped 14% to $0.000012, as reported by CoinmarketCap on the early morning of Jan 27, 2023.
The upward trend was ignited by the community proposal, and is currently being put to a vote.
A nod from the community on the proposed governance plan would see 4.97 trillion Floki tokens, equivalent to $55 million go up in smoke.
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#Floki's latest DAO proposal is live!
If this proposal passes:
– 4.97 trillion $FLOKI tokens (worth ~$54,670,000) in the Floki bridge will be burnt.
– The #Floki buy/sell transaction tax would be reduced to 0.3%.Read the full proposal and vote here:https://t.co/nmx4cxJ6v1
— FLOKI (@RealFlokiInu) January 26, 2023
Moreover, the Decentralized Autonomous Organization (DAO) is also planning to reduce its transaction tax, as part of a wider DeFi overhaul.
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