Floki’s decentralized autonomous organization (DAO) has voted to eliminate a 0.3% buy/sell tax on the native $TOKEN token within its TokenFi platform. This unanimous decision marks a significant step towards making the token more accessible and usable in the wider cryptocurrency market. 🌎🚀 With this change, transactions involving $TOKEN are now completely free across both the Ethereum and BNB Chain networks, impacting users of the platform directly. 🎉 💰
The removal of this tax is expected to make TokenFi’s trading experience smoother and more attractive for both new and existing holders of $TOKEN. This move aims to unlock broader utility for the token within decentralized exchanges, ultimately enhancing liquidity and attracting more investors and traders alike. 🤩
TokenFi hopes that this change will lead to increased participation in its ecosystem. Whether users are looking to create tokens or tokenize real-world assets (RWAs), the platform’s user-friendly design makes it accessible to a wider audience, removing barriers to entry. 🚀
The decision reflects TokenFi’s long-term vision of driving the growth of the asset tokenization market. Experts predict that this space could reach $16 trillion by 2030, and TokenFi is well-positioned to capitalize on this trend.
With plans for new products and services in development, TokenFi aims to expand its platform’s ecosystem and further increase adoption of the $TOKEN token across DeFi platforms.