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Meme Coin FLOKI Cuts Transaction Tax After Burning 5 Trillion Tokens

Published 02/04/2023, 03:29 AM
Updated 02/04/2023, 03:30 AM
Meme Coin FLOKI Cuts Transaction Tax After Burning 5 Trillion Tokens

  • Floki team reduced its tax transaction on the ecosystem to 0.3%.
  • The aim is to accelerate the meme coin’s adoption by lowering the entry barrier
  • Previously, 99% of Floki DAO voted to burn nearly 5 trillion tokens.

Floki (FLOKI), the meme coin fondly described as the people’s crypto, has officially reduced its tax transaction on the ecosystem to 0.3%. The Floki team announced the reduction yesterday via its official Twitter, noting that it was in line with the decision of the decentralized autonomous organization (DAO).

The group added that it is attempting to accelerate FLOKI token adoption with the recent decision by lowering the entry barrier, making it easy for users to buy and sell while barely paying any transaction tax seamlessly.

A few weeks ago, Floki DAO proposed to burn nearly 5 trillion units of the FLOKI tokens in the bridge. Interestingly, the p…

The post Meme Coin FLOKI Cuts Transaction Tax After Burning 5 Trillion Tokens appeared first on Coin Edition.

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