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.
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.