Cryptocurrency Q&A Does Floki burn coins?

Does Floki burn coins?

Sara Sara Tue Nov 19 2024 | 6 answers 1164
I'm wondering if FLOKI has a mechanism to burn coins. Burning coins typically means removing them from circulation, which can affect the total supply and potentially the value of the remaining coins. Does Floki engage in such a practice? Does Floki burn coins?

6 answers

CryptoElite CryptoElite Thu Nov 21 2024
Floki DAO has made a significant decision regarding its FLOKI tokens.

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Valentino Valentino Thu Nov 21 2024
The decentralized autonomous organization has approved the burning of a substantial number of FLOKI tokens.

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Carlo Carlo Thu Nov 21 2024
Specifically, 15.25 billion FLOKI tokens will be burned as part of this initiative.

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Maria Maria Thu Nov 21 2024
The purpose of burning these tokens is to potentially enhance the market value of FLOKI.

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BlockchainBaronessGuard BlockchainBaronessGuard Wed Nov 20 2024
By reducing the total supply of FLOKI tokens in circulation, the token burn could create a scarcity effect.

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