TokenFi Removes Buy/Sell Tax on Its Native TOKEN Asset Following a Unanimous Vote by the Floki DAO

After a unanimous decision by the Floki DAO, TokenFi has formally removed the 0.3% buy/sell fee on its native token, TOKEN.

TokenFi, the fast-growing tokenization platform, has confirmed the removal of the 0.3% buy/sell fee on its native token, TOKEN. The move follows a unanimous vote by the Floki DAO to reduce trading friction and broaden the token’s functions.

The vote to eliminate the tax was passed with 100% of the vote.

“The Floki DAO proposal to remove the 0.3% tax on $TOKEN has been fully integrated. Both the ETH and BNB Chain contracts have the tax removed.

This is one of the rare occasions a proposal is passed with complete alignment—the initial proposal, which was posted on Snapshot, is now fully integrated.”

The integration of the tax removal follows a recent report by EveryCoin that the Floki and TokenFi communities are joining forces to introduce new initiatives.

The goal is to create synergy between the projects and ultimately boost the accessibility and maximize the potential of the projects.

Now that the buy/sell tax is at 0%, TokenFi aims to facilitate broader adoption of TOKEN by lowering the barrier to entry for both new and existing holders.

The move could also lead to increased market efficiency and liquidity for TOKEN on decentralized exchanges.

Part of the Floki ecosystem, TokenFi is focused on establishing TOKEN as a governance asset and utility across the entire DeFi ecosystem.

The reduction in transaction friction is one step in increasing the token’s daily use cases and appeal for trading.

The change in the tax is effective immediately.

TokenFi’s platform enables anyone to tokenize real-world assets (RWAs) with just a few clicks and a WYSIWYG interface. It’s an all-in-one tokenization platform that requires no technical knowledge.

TokenFi is focused on streamlining and accelerating the movement of assets on-chain, positioning itself to capitalize on the $16 trillion tokenization market by 2030.

Supported by the Floki ecosystem, TokenFi is helmed by the same core team that created the well-known Floki token and is overseen by the Floki DAO. The platform’s utility token, $TOKEN, powers several tools, including the RWA Module, AI Smart Contract Auditor, and TokenFi Launchpad.