One of the most important things for meme coins is the struggle to eliminate the massive circulating supply. The FLOKI Coin team took an important step to attract more investors while the markets are rising. They had previously announced that they would make an announcement today.
FLOKI Coin Burn
Today, due to the upcoming announcement and the general market rise, FLOKI Coin increased by 20%. The altcoin team, preparing for an all-time record level, is opening a new token burn path to return to the levels of the week of March 11. The team, which launched a trade bot, will take a 1% transaction fee from here and use half of the earnings to collect and burn FLOKI Tokens from the market.
This bot offered to FLOKI users on the BNB Chain network is Telegram-based. The Telegram-based bot will initially be offered to a small number of users in a beta test period to find and fix any technical errors. It is aimed to be officially launched in June. The bot will take a 1% service fee from each transaction.
The product will be one of a series of applications that form part of the Floki ecosystem. Various studies had previously been conducted in the Metaverse and RWA fields. Meme coin projects like Solana-based Bonk (BONK) launched their own trade bots and garnered significant interest from the community.
