TokenFi Eliminates 0.3% Buy/Sell Tax on TOKEN Following Unanimous DAO Vote
2min read TokenFi, a decentralized finance (DeFi) platform, has officially eliminated the 0.3% buy/sell tax on its native token, TOKEN, following a unanimous vote from the Floki DAO. This decision was made after the proposal received 100% support from the community, indicating a strong consensus among TokenFi's stakeholders. The removal of the tax is already live across both Ethereum and BNB Chain networks, signaling a clear consensus within the Floki and TokenFi communities that lowering friction in trading is essential to increasing accessibility and unlocking broader utility for the token.
The unanimous vote by the Floki DAO underscores the democratic nature of decentralized governance. DAOs allow token holders to participate directly in decision-making processes, ensuring that the community's interests are represented. In this case, the community's support for removing the tax highlights their confidence in the potential benefits for the platform and its users. The move aims to drive further adoption by reducing barriers for both new and existing holders, potentially boosting TOKEN’s liquidity across decentralized exchanges and improving market efficiency.
TokenFi, which is connected to the Floki ecosystem, is working to position TOKEN as a utility and governance asset across DeFi platforms. Removing transaction friction is one of several steps being taken to expand the token’s real-world use cases and trading appeal. The change is effective immediately, and TokenFi aims to simplify and accelerate the process of bringing assets on-chain. The platform includes a suite of tools like TokenFi Launchpad, AI Smart Contract Auditor, RWA Module, and more — all powered by its utility token, TOKEN.
TokenFi is a no-code, all-in-one tokenization platform that allows users to create tokens and tokenize real-world assets (RWAs) in just a few clicks using a WYSIWYG interface — no coding required. Positioned to tap into the tokenization industry, TokenFi aims to simplify and accelerate the process of bringing assets on-chain. Backed by the Floki ecosystem, TokenFi is governed by the Floki DAO and led by the same core team behind the globally recognized Floki token.
Floki is the utility token of the Floki Ecosystem. Floki aims to become the most known and most used cryptocurrency and intends to achieve this ambitious goal through a focus on utility, philanthropy, community, and marketing. The platform's strong brand is recognized by people worldwide due to its strategic marketing partnerships. The removal of the buy/sell tax is a strategic move that could have far-reaching implications for TokenFi and the broader DeFi ecosystem. By enhancing liquidity and accessibility, TokenFi aims to attract more users and increase the token's utility. This decision, driven by a unanimous vote from the Floki DAO, underscores the importance of community involvement in decentralized governance and positions TokenFi for continued growth in the evolving crypto landscape.
Ask Aime: What impact will the removal of the 0.3% buy/sell tax on TokenFi's native token have on the token's liquidity and market efficiency?
