Demex Daily #318: Floki DAO Approves Liquidity for ETP Launch

What’s Interesting Today:

The Floki DAO has unanimously voted to provide liquidity for the creation of a Floki Exchange-Traded Product (ETP), which will be launched on the SIX Swiss Exchange in early 2025. The decision reallocates part of 16.3 billion FLOKI tokens from the community buyback wallet to fund the ETP, with the remainder being burned. This move marks a significant step in Floki’s expansion into traditional financial markets, making it the second memecoin after Dogecoin to have an ETP on a regulated exchange. Floki’s growing legitimacy is further supported by its recognition by the CFTC as a utility token and the upcoming launch of its NFT-based metaverse game, Valhalla, which will use FLOKI as in-game currency.

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