Summary
- Floki DAO has decided to use part of the 16.31 billion FLOKI bought back for FLOKI ETP liquidity supply.
- The governance proposal by Floki DAO was reported to have passed unanimously.
- FLOKI ETP is expected to be listed on the Swiss Stock Exchange in early Q1.
Floki (FLOKI) DAO, a project that debuted in the market as a representative meme coin alongside Dogecoin (DOGE) and declared a transition to utility, has unanimously passed a governance proposal to supply part of the approximately 16.31 billion FLOKI, which was bought back over three years ago, as liquidity for the FLOKI ETP and burn the rest.
According to Cointelegraph, a cryptocurrency-focused media outlet, FLOKI ETP is expected to be listed on the Swiss Stock Exchange operated by SIX in early Q1.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
