FLOKI DAO VOTES IN FAVOR OF A PROPOSAL TO PROVIDE LIQUIDITY FOR THE CREATION OF A FLOKI ETP!

The Floki DAO has voted overwhelmingly in favor of a proposal to allocate tokens towards providing liquidity for the creation of a Floki ETP.

The proposal, which was the first time ever in which a Floki DAO proposal has been passed without a single opposing vote, will result in a portion of 16,310,285,772.6 FLOKI tokens currently residing in a "community buyback wallet" being used to provision liquidity for the Floki ETP while the rest is burned.

The Floki ETP, the creation of which is being facilitated by a respected Asset Manager and an ETP Issuer, is expected to go live in Q1 2025, and it is currently on track to be the second memecoin ETP to launch on a regulated stock exchange after the Dogecoin ETP. A significant milestone for Floki and memecoins in general!

An ETP is an investment vehicle that can be traded on stock exchanges. It is just like an ETF but with a slightly different structure and purpose. An ETP serves as a one-stop solution to merge fully into the TradFi ecosystem and build a bridge for TradFi investors to easily access, buy and hold Floki in a secure and regulated manner. A key similarity between an ETP and an ETF is that they both make an asset easily available to institutional & retail investors in a transparent and regulated way.

The news of the Floki ETP is coming on the heels of recent revelation that the Commodity Futures Trading Commission (CFTC) highlighted FLOKI as a case study of a utility token in a recent meeting of its Global Markets Advisory Committee.

Floki continues to innovate and work hard towards pushing adoption of its ecosystem in line with its mission to be the world's most known and most used cryptocurrency!