TokenFi Eliminates 0.3% Buy/Sell Tax on TOKEN Following DAO Vote

TokenFi, a no-code, all-in-one tokenization platform, has officially removed the 0.3% buy/sell tax on its native token, TOKEN, following a unanimous vote from the Floki DAO. The decision, which received 100% support from the community, aims to reduce friction in trading and increase accessibility for both new and existing holders. The tax removal is already live across both Ethereum and BNB Chain networks, and the change is effective immediately.

The original proposal, published via Snapshot, received full backing, making this one of the rare DAO votes with absolute alignment. The move signals 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. With the buy/sell tax now set to 0%, TokenFi aims to drive further adoption by reducing barriers for both new and existing holders. The move could also help boost TOKEN’s liquidity across decentralized exchanges and improve 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 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 governed by the Floki DAO and led by the same core team behind the globally recognized Floki token. The platform is committed to revolutionizing the trillion-dollar tokenization industry by offering a user-friendly interface that requires no coding expertise. TokenFi aims to simplify and accelerate the process of bringing assets on-chain, positioning itself to tap into the $16 trillion tokenization industry by 2030.

Floki, the people’s cryptocurrency and utility token of the Floki Ecosystem, aims to become the world’s most known and most used cryptocurrency. The ecosystem currently has over 530,000 holders and a strong brand recognized by billions of people worldwide due to its strategic marketing partnerships. The Floki ecosystem focuses on utility, philanthropy, community, and marketing to achieve its ambitious goals.

TokenFi's decision to remove the buy/sell tax on TOKEN is a strategic move to enhance the token's utility and governance capabilities. By eliminating the transaction friction, TokenFi aims to attract more users and increase the token's liquidity, making it more appealing to both new and existing holders. This move is part of a broader strategy to expand the token's real-world use cases and trading appeal, positioning TOKEN as a key asset in the DeFi ecosystem.

The unanimous vote from the Floki DAO underscores the community's support for reducing barriers to entry and increasing accessibility. The decision to remove the buy/sell tax is a testament to the community's commitment to driving further adoption and unlocking broader utility for the token. With the tax removal already live across both Ethereum and BNB Chain networks, TokenFi is well-positioned to capitalize on the growing demand for decentralized finance solutions.