The $FLOKI DAO has officially approved a proposal to allocate a portion of the FLOKI token supply as liquidity funding for a Floki exchange-traded product (ETP).
This decentralized autonomous organization, dedicated to advancing the FLOKI project, unanimously supported the proposal. As a result, a portion of the 16.3 billion FLOKI tokens currently held in the community buyback wallet will be used to fund the upcoming Floki ETP. The remaining tokens in the wallet will be permanently burned, further reducing the circulating supply.