FLOKI DAO VOTES IN FAVOR OF A PROPOSAL TO PROVIDE LIQUIDITY FOR THE CREATION OF A FLOKI ETP!

The Floki DAO has voted overwhelmingly in favor of a proposal to allocate tokens towards providing liquidity for the creation of a Floki ETP.

If the vote passes, floki would join dogecoin as the second memecoin to secure a registered ETP.

Voting Underway

The proposal, submitted on December 25, suggests allocating a portion of the DAO’s treasury—16 billion floki tokens, valued at $2.8 million—to an asset manager to facilitate the launch. This move aims to bolster liquidity for the ETP, which would be listed on the SIX Swiss Exchange, the largest stock exchange in Switzerland and the third-largest in Europe.

As of now, the proposal has garnered 140 votes in favor, with no opposition. Voting remains open until December 27th, giving Floki DAO members time to weigh in. The DAO’s spokesperson noted, “The Floki ETP is currently in an advanced stage and is on track to go live in early Q1, 2025.”

FLOKI DAO VOTES IN FAVOR OF A PROPOSAL TO PROVIDE LIQUIDITY FOR THE CREATION OF A FLOKI ETP!

The Floki DAO has voted overwhelmingly in favor of a proposal to allocate tokens towards providing liquidity for the creation of a Floki ETP.

The proposal, which was the first time ever… pic.twitter.com/e64vx3QOOl

— FLOKI (@RealFlokiInu) December 27, 2024

However, the team could not share all the details due to non-disclosure agreements. They assured the community that the project would be executed in line with Floki DAO’s goals if the proposal was approved.

More About Floki

Floki has officially launched its crypto education platform, the University of Floki, to make blockchain and Web3 technology accessible to everyone. Designed for both beginners and seasoned enthusiasts, the platform offers expert-led courses on essential topics like DeFi, security, finance, blockchain, smart contracts, and NFTs.

University of Floki is live!

Floki's crypto education platform aims to bridge the knowledge gap for the next wave of crypto users, making blockchain and web3 technology accessible to everyone.

Whether you're completely new to crypto or looking to deepen your understanding,… pic.twitter.com/zkglEE1Jsp

— FLOKI (@RealFlokiInu) December 24, 2024

At launch, learners can dive into two foundational lessons. The first is “Introduction to Blockchain Technology” and the second “Understanding DeFi Fundamentals”. The University of Floki plans to expand its curriculum regularly.

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