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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/floki-team-announces-launch-of-new-exchange-traded-product/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Floki Team Announces Launch of New Exchange Traded Product</a> 
The Floki meme coin development team has revealed plans to launch a new Exchange Traded Product (ETP). The project indicates that it is working closely with a reputable asset manager to create a FLOKI-based ETP aimed at European investors. The launch of this product is targeted for the first quarter of the upcoming year.
<h2 id="floki-coin-etp">FLOKI Coin ETP</h2>
In a statement made on the social media platform X, the project team emphasized that they have been conducting extensive research and rigorous work for months. The FLOKI ETP is expected to be operational by early 2025.
<blockquote>
 “This proposal has been submitted to ensure Floki DAO’s approval for providing liquidity for the ETP!”
</blockquote>
The FLOKI team also announced plans not only to provide liquidity for the ETP but also to burn FLOKI tokens. The project team suggested allocating part of the existing 16,310,285,772.6 FLOKI tokens to liquidity while proposing to burn the remainder on the launch day of the ETP.
<blockquote>
 “This is a significant step, and such a move is quite rare in the <a href="https://en.coin-turk.com/cryptocurrency-network-multichain-hacked-again-posing-risks-for-investors/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> world.”
</blockquote>
The FLOKI ETP is expected to be traded on SIX Swiss Exchange, Switzerland’s largest exchange. This step will enable institutional and individual investors to invest in FLOKI in a regulated manner. Considering that Dogecoin is the only <a href="https://en.coin-turk.com/floki-coin-dao-approves-massive-token-burn/" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a> ETP, FLOKI’s entry into this space will be noteworthy.
<h2 id="future-steps">Future Steps</h2>
The project team continues to work towards the successful listing and implementation of the ETP. Proper management of liquidity provision and <a href="https://en.coin-turk.com/investors-remain-optimistic-about-pepes-price-recovery/" data-wpel-link="internal" rel="noopener noreferrer nofollow">token</a> burning processes is crucial for the success of the ETP.
The launch of the FLOKI ETP could present new opportunities for investors and contribute to broader acceptance of memecoins. The ETP launch may pave the way for memecoins to be included among financial products and create new dynamics in the market.
The post <a href="https://en.coin-turk.com/floki-team-announces-launch-of-new-exchange-traded-product/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Floki Team Announces Launch of New Exchange Traded Product</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Floki Team Announces Launch of New Exchange Traded Product

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