Floki DAO Eyes Europe with Memecoin ETP Proposal

Floki DAO Moves Forward with ETP Proposal

If approved, Floki will become the second memecoin, following Dogecoin, to secure a registered Exchange Traded Product (ETP). Institutional investors would thus gain exposure to the memecoin.

Proposal Under Consideration

Submitted on December 25th, the proposal allocates 16 billion FLOKI tokens, valued at $2.8 million, to an asset manager to create liquidity for the ETP. Listed on the SIX Swiss Exchange, the ETP would increase liquidity.

Strong Support

As of now, the proposal has received 140 votes in favor with no opposition. Voting remains open until December 27th. The Floki DAO spokesperson stated, "The Floki ETP is nearing completion and is expected to launch in early Q1, 2025."

Floki Expands Education Platform

Floki has launched its crypto education platform, University of Floki, to make blockchain and Web3 accessible to everyone. With expert-led courses on DeFi, security, blockchain, smart contracts, and NFTs, the platform caters to both beginners and experienced enthusiasts.

Curriculum Expansion

Initially, the platform offers two foundational lessons: "Introduction to Blockchain Technology" and "Understanding DeFi Fundamentals." The curriculum will expand over time.

Disclaimer

This information does not constitute financial advice. It is intended for educational, entertainment, and informational purposes only. Invest at your own risk, as cryptocurrencies involve significant risk.