FLOKI is going to be the second memecoin to launch a regulated Exchange Product after Dogecoin, after the decisive vote of Floki DAO which agreed to allocate tokens for ETP liquidity. The proposal won “overwhelming” support, with 332.7 billion tokens (99.9%) voting in favor, 328.9 million tokens abstaining, and none against – a result the team said was the first time a proposal had been DAO passed without a vote against it.
“As a result of the proposal, which was the first time ever that a Floki DAO proposal was approved without a single vote against it, a share of 16,310,285,772.6 FLOKI tokens that currently reside in the 'purchasing wallet on 'community asset' will be used to provide liquidity for the Floki ETP while the rest is burned,” the official said. advertisement pressure from the team through X.
FLOKI aims to mirror Dogecoin
Community members see this as a special event, as the Floki ETP is expected to debut in early Q1 2025 in collaboration with what the team says is a “respected Fund Manager and ETP will deliver.” According to Floki's representatives, he will be listed on the SIX Swiss Exchangerecognized as one of the largest stock exchanges in Europe, thereby increasing FLOKI's profile in traditional financial markets.
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Currently, Dogecoin is the only other memecoin with a live ETP, although that product is traded on the Spotlight Stock Market in Sweden; the team notes that listing on the Swiss exchange has the potential to attract wider attention from institutional and retail investors seeking regulated access to crypto assets.
“When it goes live, the Floki ETP will allow institutional investors, regulated entities and retail investors to experience FLOKI in a regulated manner. This is a huge move that is almost unprecedented in this space, as Dogecoin is currently the only memecoin in the world, with a live ETP – and Floki could be the next memecoin with ETP apart from Dogecoin“, said the recommendation of the DAO.
While many details remain under wraps due to non-disclosure agreements, the team further revealed that any tokens allocated for liquidity will remain Floki's own property, meaning they can be withdrawn “if third party liquidity is sufficient in the ETP” later.
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This announcement follows a recent meeting of the Software Revenue Trading Commission's Global Markets Advisory Committee, where the memecoin was used as a “case study of a utility token.” Observers have noted that any regulatory attention – especially of this kind – can boost brand credibility in a market that remains sensitive to compliance indicators.
The DAO-centric approach remains a cornerstone of the token's philosophy, with frequent community votes and suggestions shaping the direction of the project. Members have consistently supported initiatives aimed at increasing the recognition of the memcoin, which the team says aims to “become the most recognized and widely used cryptocurrency in the world .”
Response from the broader crypto community has also been enthusiastic. Crypto analyst Shelby, who has a large following, said via X: “Major milestone – FLOKI to make history as 2nd memecoin ETP! A clear sign of institutional adoption while maintaining decentralized roots. Not DOGE, no SHIBbut FLOKI is leading the charge in bridging TradFi and DeFi.”
At press time, FLOKI was trading at $0.0001798. Thus, the memecoin has recovered the 200-day EMA, a critical line often called a “bull line.” However, the memecoin is still trading below the key protection zone between $0.000205 and $0.000215 (shown in red on the chart). Retrieving this zone could open the gates for a new run towards the annual high of $0.000349 since June.
Featured image created by DALL.E, a chart from TradingView.com
