Floki plans to launch trading products on European exchanges
The Floki project plans to launch an Exchange Traded Product (ETP) based on its token FLOKI in Europe in the first quarter of 2025. Currently, the Floki development team is working with an unnamed asset management company to develop this product and is seeking community approval from Floki DAO to allocate some tokens from a treasury wallet holding 16 billion FLOKI tokens to provide early liquidity for the ETP. These tokens are worth approximately $2.8 million in total, and if the proposal passes, liquidity will still belong to Floki and can be reclaimed depending on third-party liquidity conditions later on.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
To prevent liquidity support from being seen as QE, Federal Reserve's Logan proposes separate accounting for market functioning bond purchases and accelerated sales.
Dallas Federal Reserve President Lorie Logan stated that the Federal Reserve should completely separate market-functionality bond purchases from monetary policy operations, record them independently, and commit to selling them as soon as possible in order to dispel market concerns over the Fed potentially suppressing long-term yields. She emphasized that a full understanding of the Fed’s decision-making logic by the market itself has a stabilizing effect.
Organigram Receives Nasdaq Notice for Minimum Bid Price Noncompliance
Custom Health publishes update to financial calendar
Crypto prices
More
