#floki bullish

With a post published by Floki, the burning of FLOKI tokens worth approximately 3 million USD will be voted on.

Here is the summary of the proposal.
The proposal suggests burning 15,246,000,000 $FLOKI tokens.Floki DAO has a history of burning tokens through community voting, demonstrating decentralization.Previous votes included burning recovered tokens from a bridge exploit and disabling a bridge with its token holdings.In July 2022, a vote addressed burning excess tokens from blacklisted wallets, with a deadline for returning them.Some wallets missed the deadline, but one recently returned a significant amount.The proposal recommends returning 1% of the returned tokens as a good gesture.Burning the remaining tokens aligns with past DAO decisions and community expectations.Burning removes the tokens permanently from circulation.If the proposal passes, 1% (154,000,000 tokens) will be returned, and the rest (15,246,000,000) burned.The burned tokens have an estimated current value of ~$2,800,000.
#floki #memeseason #memecoin $FLOKI