Floki plans to launch trading products on European exchanges
The Floki project plans to launch an Exchange Traded Product (ETP) based on its token FLOKI in Europe in the first quarter of 2025. Currently, the Floki development team is working with an unnamed asset management company to develop this product and is seeking community approval from Floki DAO to allocate some tokens from a treasury wallet holding 16 billion FLOKI tokens to provide early liquidity for the ETP. These tokens are worth approximately $2.8 million in total, and if the proposal passes, liquidity will still belong to Floki and can be reclaimed depending on third-party liquidity conditions later on.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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