
Developers of the cryptocurrency $FLOKI have proposed a significant move to burn 190,918,585,431.84 FLOKI tokens, approximately 2% of its circulating supply. This initiative aims to increase the token's scarcity and enhance network security for the dog-themed crypto platform. The proposal, highlighted by various sources including CoinDesk and BSCNheadlines, suggests burning $11M worth of $FLOKI to achieve this goal. Community members, including notable voices like DrKavner, have shown support for the proposal, with votes being cast in favor of the token burn. This strategic decision is part of the broader efforts to bolster the platform's security and market value.
The Floki project has proposed burning 190.9 billion FLOKI tokens, representing about 2% of its total circulating supply https://t.co/9FiUSrsxCD
Earlier today a draining service phished $4.3M from an ALI holder After seeing a message from @realScamSniffer I immediately alerted the core team and investors who helped put together an emergency community vote to burn the stolen tokens after approval from the victim. Happy… https://t.co/0t6DyDopDh
$FLOKI developers will float a proposal to burn 2% of the token’s circulating supply to increase scarcity and bump network security for the dog-themed crypto platform. https://t.co/iCQtR0SEGz
