Floki Memecoin project in plans to launch an exchange-traded product for European investors in the first quarter of 2025

The event workforce behind dog-themed meme asset Floki (FLOKI) pronounces a plan to launch a brand new alternate traded product (ETP).

In a brand new thread on the social media platform say it has labored carefully with a revered asset supervisor to create a FLOKI-based ETP for European inventors, which can be launched within the first quarter of subsequent 12 months.

“We now have been actively working with a revered asset supervisor and an ETP issuer for a while to launch a Floki ETP. After months of due diligence and painstaking efforts, we now have been knowledgeable that the Floki ETP is on observe to go dwell in early Q1 of 2025. This proposal is to have the Floki DAO (Decentralized Autonomous Group) approve the liquidity for the Floki ETP! ”

An ETP permits traders to achieve publicity to particular property with out really having to buy them.

Within the proposal the Floki workforce say The ETP is already in a sophisticated stage and can develop into tradable on the SIX Swiss Trade, Switzerland’s largest inventory alternate, subsequent 12 months, turning into the second meme coin on this planet with a dwell ETP.

“When the Floki ETP goes dwell, institutional traders, regulated entities and retail traders will be capable to acquire publicity to FLOKI in a regulated method.

It is a massive step that’s virtually unprecedented on this area, as Dogecoin is presently the one memecoin on this planet, with a dwell ETP, and Floki might develop into the following memecoin with an ETP alongside Dogecoin.”

The proposal additionally consists of provisions for burning FLOKI tokens and offering liquidity for the ETP.

“The aim of this DAO proposal is to request approval from the Floki DAO to offer liquidity to the ETP…

We presently have 16,310,285,772.6 FLOKI tokens in inventory [a crypto wallet] and suggest utilizing a few of it to offer liquidity for the ETP, whereas the remaining is burned on the day the ETP is launched.”

FLOKI is buying and selling at $0.000177 on the time of writing, up fractionally during the last 24 hours.

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