2024

FLOKI

Floki DAO

Read

The Floki project has proposed burning 190.9 billion FLOKI tokens, representing about 2% of its total circulating supply. 
Valued at around $11 million, the proposed burning primarily aims to enhance the project’s long-term resilience and security. The proposed tokens were previously <a href="https://ca.finance.yahoo.com/news/floki-proposes-large-token-burn-152000492.html" target="_blank" rel="noopener">allocated</a> for <a href="https://crypto.news/price/floki/">Floki</a>‘s partnership with the cross-chain bridge service Multichain.&nbsp; 
Subsequent developments prompted the Floki team to <a href="https://floki.medium.com/update-on-the-floki-multichain-bridge-a88e598adf8c" target="_blank" rel="noopener">withdraw</a> the tokens into the team’s secure multisig wallet as a measure against potential security threats or market manipulation. 
 You might also like: <a href="https://crypto.news/bitcoin-options-whales-cautious/"> Bitcoin options surge to $500m as whales apply cautious strategies </a> 
Ultimately, deciding to proceed with this burn proposal will depend on the token’s DAO members. The vote is ongoing and is set to conclude by tomorrow. As of now, a staggering 88% of the votes are in favor of burning.&nbsp; 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Voting on Floki's DAO proposal to burn a massive 190,918,585,431.84 <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$FLOKI</a> tokens, currently worth over $11 million, will end in less than 24 hours. The decision of the Floki DAO will be binding. Make sure to cast your vote!<a href="https://t.co/Ue6OgIFDK9" target="_blank">https://t.co/Ue6OgIFDK9</a> <a href="https://t.co/k3u9DeMoEW" target="_blank">https://t.co/k3u9DeMoEW</a> <a href="https://t.co/Gzl9kqJqQN" target="_blank">pic.twitter.com/Gzl9kqJqQN</a>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1763574490896777631?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 1, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Like the other leading meme coins, FLOKI has been enjoying a bull market rally. The token has gained over 122% this week and over 35% on Friday alone. The rally has been FLOKI’s most significant gain in over two years.&nbsp; 
The core objectives behind this proposed token burn include removing the risk of these tokens being exploited or adversely affecting the market post-integration with another bridge and ensuring they are permanently excluded from future circulation.&nbsp; 
 Read more: <a href="https://crypto.news/binance-nigeria-fine-manipulation/"> Nigeria fines Binance $10b in forex-rate manipulation probe </a>

Floki proposes $11m token burn to improve project security

crypto.news

2024년 3월 1일에 게재된 다른 기사

Wrapped HBAR (WHBAR) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

MicroStrategy Founder Michael Saylor’s Wealth Surges by $700 Million

Why We’re STILL EARLY In The Crypto Bull Market! (Chances For Gains!)

ConstitutionDAO (PEOPLE) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Venus BNB (vBNB) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Binance User Loses $70,000 in Crypto Heist

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!