FLOKI Takes the “Burn N’ Earn” Route

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Meme cash are precisely like they sound:

Tokens created off the again of memes.

Individuals normally purchase into them for enjoyable, however a ton of those tokens have created some fairly robust communities round them.

(Uhhhh, good day Doge Father).  

Which brings us right here:

FLOKI, a canine associated meme coin, just lately authorized a proposal to burn 2% of the token’s provide ($11M worth on the time).

“Cool, cool, so what does that imply?”

Burning cash removes tokens from circulation perpetually and normally causes the value to go up.

(The much less provide we have now of one thing, the extra we are inclined to worth it).

Which implies for more healthy tokenomics. 

And it positive appears to be the case as of proper now. The FLOKI token noticed a fast 100% enhance in value over 24 hours.

Not dangerous!