FLOKI DAO Unanimously Votes to Provide Liquidity for Floki ETP Launch

Miami, Florida, December 31st, 2024

The Floki DAO has enthusiastically voted to allocate liquidity for a Floki Exchange-Traded Product (ETP).

The proposal passed unanimously on December 27th, a first for the Floki DAO, indicating overwhelming community support for expanding Floki's presence in traditional markets.

A portion of 16,310,285,772.6 FLOKI tokens from the community buyback wallet will be used for ETP liquidity, while the rest will be burned. The Floki ETP is expected to launch on the SIX Swiss Exchange in the first quarter of 2025.

B, a Floki Core Advisor, commented: "Floki is poised to become the first memecoin with an ETP on a regulated exchange by January 2025. SIX Swiss Exchange is the largest in Switzerland and the third largest in Europe, marking a significant step towards memecoin legitimacy."

The ETP is a joint effort between a leading asset manager and an ETP Issuer, highlighting Floki's integration into traditional finance. It aims to bridge the gap between crypto and traditional markets, providing access and security for investors.

An ETP operates similarly to an ETF with structural differences. Both allow exposure to underlying assets without direct ownership.

Floki's recent recognition by the CFTC as a utility token during the Global Markets Advisory Committee meeting further supports its legitimacy. Valhalla, Floki's NFT-based metaverse game, contributed to this recognition, emphasizing FLOKI's real-world utility.

About Floki

Floki is a cryptocurrency and utility token focused on utility, community, philanthropy, and marketing. It aims to become the world's most recognizable and used cryptocurrency, with over 490,000 holders globally.

Contact

Pedro Vidal, Community Relations Officer
flokimarketing@floki.com