The post Floki Sets Date for 190B Token Burn in Compliance with DAO appeared first on Coinpedia Fintech News
Team Floki has revealed the date to burn 2% of the token’s circulating supply following the approval from DAO. It took to its official X account, to announce the decision of the Floki DAO to take off a total of 190 billion FLOKI from circulation, set for March 9, 2024, at 4 PM UTC.
Burning off of a token’s supply reduces inflation which can possibly spike the prices. Floki believes that the burning will help in ensuring its long term security stability. Meme coins are playing a crucial role in the post BTC ETF approval era. Floki’s Token launch and its various advances surging 400% in the last month serves as evidence.
