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Cryptocurrency News Video
Shiba Inu Rival FLOKI Set to Burn 15,246,000,000 Tokens – Will This Spark a Rally?
May 15, 2024 at 12:42 pm Crypto News Flash
Floki DAO proposes to burn 15,246,000,000 FLOKI tokens. This follows past burn votes, including burning 190 billion tokens in February 2024, disabling the Floki cross-chain bridge and burning 4.97 trillion tokens in January 2023, and deciding on excess tokens from blacklisted wallets in July 2022.
Recently, an affected wallet returned 15.4 billion FLOKI tokens, worth over $2.8 million, and requested a small incentive. Floki DAO proposes giving back 1% (154 million tokens) to encourage others to return excess tokens, and burning the rest to align with community expectations. If approved, this burn will reduce the total token supply, reinforcing Floki's decentralized nature and enhancing token value.
Video source：Youtube
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