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.
THE #FLOKI TRANSACTION TAX HAS OFFICIALLY BEEN REDUCED TO 0.3%
The reduction of the $FLOKI transaction tax to 0.3% is in line with the decision of the Floki DAO.
With this decision, the $FLOKI transaction tax is almost nonexistent. pic.twitter.com/V32xdx0ibu
— FLOKI (@RealFlokiInu) February 3, 2023
A few weeks ago, Floki DAO proposed to burn nearly 5 trillion units of the FLOKI tokens in the bridge. Interestingly, the p…
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