Floki Inu has been performing quite well for a while, managing to leave behind its rivals such as DOGE, SHIB and PEPE in the bull run.
FLOKI, one of the popular entities of the recent period, excited its community once again with its new statement today. According to the post in question, assets worth $54.4 million have been ‘stake’ on the network so far. Staking their tokens will result in holders earning FLOKI’s sister token, TokenFi, as a reward.
The program is important as TokenFi is a tokenization platform targeting the tokenization industry, which is estimated to be worth $16 trillion by 2030. Interestingly, the update came hours after Floki DAO reduced TokenFi’s Transaction Tax to 0.3% from the initial 20%.
As we reported as Koinfinans.com, an increase of $41.35 million in locked assets in just 48 hours attracted attention. On the other hand, the increase in the number of investors purchasing the asset is also noteworthy. In the final detail about the program in question, Floki Inu promises to offer a quarterly Annual Percentage Return (APY) of 160% for those who lock the Token for 4 years.
While the price of FLOKI increased by 6.05% over the summer, trading at $0.00003176, the trading volume in the last 24 hours increased by 21.74% to $45.33 million, and the circulating supply was 9.51 trillion tokens.
Meanwhile, according to experts, the recent reduction of the tax on TokenFi’s Transaction from 20% to 0.3% could significantly impact the crypto price. In addition, FLOKI could potentially attract more investors for the Skating Program.