The Floki (FLOKI) development team plans to destroy 190,918,585,431.84 FLOKI tokens, accounting for 2% of the token circulation and currently worth more than $11 million, to increase scarcity and network security.
Floki stated that they have moved the tokens to a secure wallet and plan to destroy them to ensure they cannot be circulated again.
Previously, the platform had already conducted a burning event in January 2023, and the price subsequently increased by 70%. The tokens burned will come from the supply stored on the Multichain bridge, which was destroyed in July 2023 after a vulnerability was exploited.
Be sure to always come back and check out the latest updates on Crypto, follow us on Facebook @CryptoTikTalk, Twitter @CryptoTikTalk, and our Forum to discuss more exciting topics.
 development team plans to destroy 190,918,585,431.84 FLOKI tokens, accounting for 2% of the token circulation and currently worth more than $11 million, to increase scarcity and network security.){kind=link}