Floki Team Announces Launch of New Exchange Traded Product

Floki Team Announces New Exchange-Traded Product (ETP)

The Floki meme coin development team has unveiled plans to introduce a new Exchange-Traded Product (ETP). The project is collaborating with a respected asset manager to create a FLOKI-based ETP targeting European investors. The launch is scheduled for the first quarter of the upcoming year.

FLOKI Coin ETP

On the social media platform , the project team stated that they have been diligently working for months to bring this product to fruition. The FLOKI ETP is anticipated to be operational in early 2025.

The FLOKI team also intends to provide liquidity for the ETP and burn FLOKI tokens. They propose utilizing a portion of the existing 16,310,285,772.6 FLOKI tokens for liquidity, while the remaining tokens will be burned on the ETP launch day.

SIX Swiss Exchange Listing

The FLOKI ETP is expected to be traded on SIX Swiss Exchange, Switzerland's largest exchange. This move grants institutional and individual investors the opportunity to invest in FLOKI within a regulated environment. As Dogecoin is currently the only memecoin ETP, FLOKI's entry will mark a significant milestone.

Future Prospects

The project team remains committed to the successful listing and implementation of the ETP. Managing liquidity provision and token burns effectively is essential for its success.

The launch of the FLOKI ETP presents new avenues for investors and fosters the broader acceptance of memecoins. It may pave the way for memecoins to gain recognition as financial products, introducing fresh dynamics to the market.