TokenFi Proposes 0.3% Transaction Tax to Boost Adoption

TokenFi amassed 15,000 holders and $22 million in DEX trading volume within just four days of its launch.

A proposal to reduce TokenFi’s transaction tax from 5% to 0.3% is set to ignite further adoption of this rapidly ascending reward token introduced by the FLOKI team.

DAO PROPOSAL TO REDUCE THE TOKENFI TRANSACTION TAX TO 0.3% IS LIVE 🔥

The very first DAO vote impacting @TokenFi just went live!

This DAO vote is for the Floki DAO to decide on whether or not to reduce the #TokenFi / $TOKEN transaction tax to 0.3% and initiate the next phase of… pic.twitter.com/47DQZVpOgK
— TokenFi (@tokenfi) November 1, 2023

In just four days since its launch, TokenFi has attracted over 15,000 holders and achieved trading volumes surpassing $22 million on decentralized exchanges (DEXs) within the initial 24 hours.

This strategic shift is geared toward making TokenFi more appealing to exchanges, increasing market liquidity, and broadening its accessibility to mainstream users.

Additionally, the allocation of 20% of TokenFi’s total supply to the Floki treasury paves the way for over-the-counter (OTC) transactions with institutional partners displaying strong interest in TokenFi. The lowered transaction tax is anticipated to rev up trading activity and generate additional revenue.

As the tokenization industry is projected to soar to $16 trillion by 2030, TokenFi seems well-positioned to continue its ascent in this thriving market.

Also Read: Floki Reveals Bitget’s Fake TOKEN Listing & Scamming Users

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