#MarketRebound FLOKI — is a hyper-deflationary coin with an automatic burning mechanism. The liquidity of the Ethereum and BSC blockchains is locked for 265 years each. The maximum issuance of FLOKI is 10 trillion tokens. However, in February 2023, 5.1 trillion non-circulating tokens were burned on the main cross-chain bridge of Floki, with the bridge being closed to prevent DeFi attacks.

It is interesting to note that a tax applies to the purchase and sale of FLOKI, although it does not apply to the bridging of tokens between the two networks. Floki Inu claims that the tax goes to the Floki Inu treasury. The treasury funds are used to develop the ecosystem and promote FLOKI for wider adoption. In February 2023, the tax was reduced from 3% to 0.3% by unanimous vote of the Floki DAO.