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The Floki community initiated a proposal vote on whether to destroy more than 15.2 billion FLOKI

The Floki community initiated a proposal vote on whether to destroy more than 15.2 billion FLOKI

CointimeCointime2024/05/14 03:10
By:Cointime

Snapshot Governance page shows that the Floki community has initiated a proposal to vote for the destruction of 15,246,000,000 FLOKI tokens, which ended on May 16th at 03:12 Beijing time. The proposal states that historically, Floki has conducted three key votes related to destruction within the DAO: in February 2024, a vote on the destruction of 190,918,585,431.84 FLOKI tokens recovered from the Multichain cross-chain bridge; in January 2023, a key vote on disabling the Floki cross-chain bridge and destroying the 4.97 trillion tokens it holds; and in July 2022, a vote on whether to destroy the excess tokens recovered from blacklisted wallets. In each case, Floki DAO's decision was quickly executed, indicating that Floki is a completely decentralized cryptocurrency and that the Floki DAO ultimately determines the direction of the project. When Floki proposed in July 2022 to destroy the excess tokens recovered from blacklisted wallets, the deadline for sending these tokens was announced. However, some affected wallets did not send their tokens before the deadline. Recently, an affected wallet sent 15,400,000,000 FLOKI tokens to the Floki multi-signature wallet. The proposal suggests returning 1% of the tokens to the wallet and destroying the rest.

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