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

TokenFi, a decentralized finance (DeFi) platform, has announced the removal of the 0.3% buy/sell tax on its native token, TOKEN. This decision was made following a unanimous vote from the Floki DAO, the decentralized autonomous organization that governs the platform. The proposal to eliminate the tax garnered 100% support from the community, demonstrating a strong consensus among TokenFi stakeholders.

The removal of the buy/sell tax is anticipated to enhance liquidity and accessibility for TOKEN holders. By eliminating this barrier, TokenFi aims to attract more users and facilitate smoother transactions within its ecosystem. This move aligns with the broader trend in the DeFi space, where platforms are increasingly focusing on user experience and liquidity to drive growth.

The decision to remove the tax was influenced by a major partner's request for integration, which would make TOKEN accessible to tens of millions of users. This partnership underscores the strategic importance of TOKEN in the broader financial landscape and highlights TokenFi's commitment to expanding its user base and market reach.

The unanimous vote from the Floki DAO reflects the community's trust in the platform's leadership and its vision for the future. The DAO's role in decision-making processes ensures that TokenFi remains responsive to the needs and preferences of its users, fostering a more inclusive and democratic governance structure.

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.

TokenFi is a no-code, all-in-one tokenization platform that allows users to create tokens and will allow users tokenize real-world assets (RWAs) in just a few clicks using a WYSIWYG interface — no coding required. Positioned to tap into the $16 trillion tokenization industry by 2030, 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. 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.

Floki is the people’s cryptocurrency and utility token of the Floki Ecosystem. Floki aims to become the world’s most known and most used cryptocurrency and intends to achieve this ambitious goal through a focus on utility, philanthropy, community, and marketing. Floki currently has 530,000+ holders and a strong brand recognized by billions of people worldwide due to its strategic marketing partnerships.