Floki plans to launch European exchange-traded products
Internet reports that 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 the product and is seeking community approval from Floki DAO to allocate some of the tokens from the treasury wallet holding 16 billion FLOKI tokens to provide early liquidity for ETP. The total value of these tokens is approximately US$2.8 million. If the proposal is passed, the liquidity will still belong to Floki and can be subsequently recovered based on the liquidity of third parties.
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