Floki Developers Launch ETP for FLOKI Token on European Markets – BitRss

Floki, a meme-based project, has initiated efforts to launch its popular token, FLOKI, as an exchange-traded product (ETP). Collaborating with an undisclosed asset manager, Floki developers aim to present the ETP to investors in Europe by early 2024.

ETP Approval Process and Community Voting

The Floki developers plan to secure the approval of the Floki DAO community as a priority for the new investment product. To facilitate early liquidity, they have requested approval for the allocation of FLOKI tokens. The voting will last for 48 hours, concluding on December 27 at 11:00 UTC. If the vote is favorable, a certain amount of FLOKI tokens will be allocated from the treasury wallet controlled by Floki DAO for the ETP.

The treasury wallet, previously acquired through community voting, contains a reserve of 16 billion FLOKI tokens bought on the open market. The allocated tokens will remain under the ownership of Floki developers and can be withdrawn again if sufficient liquidity is achieved. Acceptance of this proposal by the community could support the project’s new investment opportunities in the European market.

FLOKI Token May List on SIX Swiss Exchange

According to the Floki developers, the ETP is currently in advanced stages and is preparing to trade on SIX Swiss Exchan…