TechFlow reported on December 27 that, according to an official announcement, Floki DAO has passed the proposal titled "Providing Liquidity for Floki ETP" with unanimous support and zero opposing votes—the first time in its history such a result has been achieved. The proposal allocates a portion of the 16,310,285,772.6 FLOKI tokens held in the "Community Buyback Wallet" to provide liquidity for the Floki ETP, while the remaining tokens will be burned.
Previous report, Floki is collaborating with an asset management firm to potentially launch an exchange-traded product (ETP) in Europe early next year, which could make it the second meme token ETP—after Dogecoin ETP—to be listed on a regulated exchange.
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