FLOKI DAO Approves Liquidity Funding for Its ETP in the European Market

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As a seasoned crypto investor with a knack for spotting promising projects, I’ve followed Floki (FLOKI) since its inception, and I must say, this latest development has me genuinely excited! The unanimous approval of the Floki ETP by the DAO members is a testament to the strong community backing this meme coin enjoys.

The upcoming launch on Switzerland’s SIX Swiss Exchange, Europe’s third-largest stock exchange, is a significant step towards institutional and retail adoption in the European market. It’s akin to inviting the old guard to the crypto party, and I can’t wait to see them dance!

The ETP will not only enhance Floki’s legitimacy but also make it easier for investors to buy and hold the meme coin in a transparent and regulated manner. This bridging of the gap between TradFi and cryptocurrency is a game-changer, and I believe it will significantly contribute to Floki’s growth and popularity.

The recent successes, such as the CFTC highlighting Floki as a utility token case study, the launch of a debit card, the University of Floki, and the investment in CAT, all point towards a bright future for this meme coin. I’m optimistic that the Floki ETP will be another feather in its cap.

Lastly, let me share a little joke to lighten the mood: They say when you invest in crypto, it’s like owning a cat – unpredictable and full of surprises! But with Floki, I guess it’s more like owning a Shiba Inu – always causing a stir and breaking new ground!

The members of the Floki Decentralized Autonomous Organization (DAO) have come to a consensus to allocate some of the community’s buyback wallet funds, which amount to 16.3 billion tokens, towards providing liquidity for the upcoming European exchange-traded product (ETP) associated with Floki.

The planned launch takes place during the initial three months of 2025. The Floki ETP offers an opportunity for investors in the conventional European financial sector to invest in the meme coin.

Floki ETP Receives the Formal Green Light From Community Members

For the very first time, the Floki DAO proposal sailed through without any dissenting votes. This means that Floki’s Exchange Traded Product (ETP) is now on track to be the second meme coin to debut on a regulated stock exchange. The only other meme coin to achieve this was the Dogecoin ETP.

After being released, Floki can be traded on Switzerland’s SIX Swiss Exchange, which is Europe’s third-largest stock exchange. As per CoinGecko statistics, this meme coin presently holds the 8th position among meme coins in terms of market capitalization.

A representative for Floki indicated that the Exchange Trading Platform (ETP) listing will boost the credibility or authenticity of their community-focused meme token.

In a recent update, FLOKI DAO expressed that Floki is persistently striving for innovation and dedicated effort to popularize its ecosystem, aligning with its vision to become the globally recognized and extensively utilized cryptocurrency.

With the introduction of the ETP (Exchange Traded Product), Floki intends to increase the popularity of its meme coin among both institutional and retail investors in Europe.

A Series of Milestones

An Exchange-Traded Product (ETP), much like an Exchange-Traded Fund but with a unique framework, empowers investors to buy and sell assets on various stock markets. Specifically, the Floki ETP serves as a link between conventional finance (traditional finance) and digital currencies by granting access to its meme coin on regulated stock exchanges.

This setup facilitates the straightforward purchase and storage of Floki by both institutional and individual investors, ensuring a transparent and regulated process. The granting of liquidity funding for its ETP is only one of many recent achievements that Floki has experienced.

At a Global Markets Advisory Committee meeting in November, the U.S. Commodity Futures Trading Commission (CFTC) showcased Floki as an example, similar to Ethereum and Avalanche, of a utility token they were discussing.

Towards the start of December, Floki unveiled the debut of its debit card. With this feature, Floki users can make payments in cryptocurrency at merchants who accept Visa or Mastercard as a payment method.

In December, it was revealed that the meme coin would be introducing a cryptocurrency educational platform called ‘Floki University.’ Amidst recent sell-offs in the meme coin sector, Floki has remained dedicated to establishing a supportive infrastructure for its primary meme coin.

In the early part of this year, Floki DAO made an investment worth $200,000 in USDT for a meme coin called CAT, modeled after “Simon’s Cat”. After its debut, CAT experienced a significant increase of more than 250%, reaching a market cap of about $275 million. However, it has since seen a drop. Not long after its introduction, Binance also added the token to their platform, which played a role in the price spike.

In summary, the combined value of all meme-based cryptocurrencies reached a remarkable $112 billion in market cap during 2024. Specifically, FLOKI saw impressive growth of around 375% over the same year. To seize this potential and link meme coins with institutional investment, Floki Inu is pushing ahead with its strategy to release an Exchange-Traded Product (ETP).

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2025-01-02 03:45