READ COMPLETELY ABOUT FLOKI
Floki (FLOKI) has implemented various burning mechanisms to reduce its circulating supply and create a deflationary model. Here's a summary of how Floki is burning tokens:
* Transaction Tax: Floki has a controversial 8% transaction tax on every buy or sell transaction. A portion of these fees is used for burning tokens.
* FlokiFi Locker: The FlokiFi Locker protocol, a DeFi product within the Floki ecosystem, uses 25% of its collected transaction fees to buy back and burn FLOKI tokens.
* Trading Bot: The Floki Trading Bot, which allows users to buy and sell tokens on different networks, collects transaction fees. 50% of these fees are used to buy and burn FLOKI tokens.
* Community-driven Burns (DAO Votes): The Floki DAO (Decentralized Autonomous Organization) regularly votes on proposals to burn significant amounts of FLOKI tokens. For example, in May 2024, the community voted to burn over 15.2 billion FLOKI tokens.
* Valhalla Game: The upcoming Valhalla NFT metaverse game, which uses FLOKI as its in-game currency, is also expected to contribute to token burns.
How much has been burned historically?
* As of early 2025, approximately 5.87 trillion FLOKI tokens (about 58.783% of its total supply) had been burned since its inception.
* In the past 12 months leading up to early 2025, over 101 billion tokens were burned.
The continuous burning mechanisms are designed to make FLOKI a deflationary asset, aiming to increase its scarcity and potentially its value over time.
