Big move! ! ! Will the Floki Inu community destroy the FLOKI token on a large scale, causing a strong reaction from the market?
The Floki Inu community is making a big splash! There are plans to burn up to 15.2 billion FLOKI, worth $2.8 million, and these coins come from blacklisted accounts.
Community leaders elaborated that this destruction was supported by a 2022 vote and that the community had agreed to destroy excess recycled tokens. They emphasized that once the wallet is blacklisted, the tokens can only be sent to Floki for multiple signatures. otherwise, so this is considered a permanent move. Removing these tokens from the market is the right step.
Floki DAO also promised to return 1% of the token value, or about 154 million FLOKI, to voters as a âgesture of goodwillâ to those affected, which could encourage more wallets to spend destroy excess tokens.
In February this year, the community voted to burn 190.9 billion FLOKI tokens recovered from multi-chain bridges. In each case, Floki DAO's decisions were implemented quickly, proving that Floki is a fully decentralized cryptocurrency and that Floki DAO defines the direction of the project.
After the news was announced, FLOKI increased by more than 11%, from 0.0001872 USD to 0.0002025 USD, while trading volume increased 235.29% in the last 24 hours.
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