#Floki🔥🔥 $FLOKI #Exciting proposal, everyone is looking forward to it. Anyone can purchase Floki on the stock exchange at any time, and excellent cryptocurrencies will shine in the future.
ETP is an investment tool that can be traded on the stock exchange like an ETF, but its structure and purpose are slightly different. ETP is a one-stop solution that fully integrates into the TradFi ecosystem and builds bridges for TradFi investors, allowing them to easily access, purchase, and hold Floki in a safe and regulated manner. A key similarity between ETPs and ETFs is that both allow institutional and retail investors to easily obtain assets in a transparent and regulated manner.
Floki ETP is currently in the late stage and will be traded on Switzerland's largest stock exchange, the SIX Swiss Exchange, which is the third largest stock exchange in Europe.
Once launched, Floki ETP will allow institutional investors, regulated entities, and retail investors to invest in FLOKI in a regulated manner.
This is a significant initiative that is almost unprecedented in the field, as Dogecoin is currently the only memecoin in the world with a real-time ETP—and Floki could become the next memecoin with an ETP after Dogecoin. It is also worth noting that the Dogecoin ETP is launched on the Swedish Spotlight stock market, while Floki ETP will be launched on the SIX Swiss Exchange, which is a larger stock exchange headquartered in Switzerland, known for its purity and luxurious reputation.
The purpose of this DAO proposal is to seek approval from Floki DAO to provide liquidity for the ETP.
More specifically, based on community voting, we conducted a series of buybacks about 3 years ago.
We currently hold 16,310,285,772.6 FLOKI tokens in the aforementioned wallet and propose to use a portion of them to provide liquidity for the ETP while destroying the remaining tokens on the day of the ETP launch.