The Floki project plans to burn a total of 190.9 billion FLOKI tokens, valued at around $11 million, which will strengthen the project’s long-term security.
Initially, the project’s tokens were invested in the Multi Chain Bridge service, however they were later freed owing to security concerns.
The Floki DAO is now discussing the request, and the number of votes for burning in accordance with current rules is 88% as of the time you read this line. The vote is currently being cast, with the conclusion scheduled for tomorrow.
The purpose of this urgent suggestion is to rule out the chance that these currencies, if integrated into the cross-chain bridge, will break market laws and regulations. The FLOKI currency, in example, has been soaring recently, up more than 122% this week and another 35% on Friday.
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