CandleFocus Floki Trading Bot Enhances Deflationary Model with Buy/Burn Upgrade
2024-10-19
Author: Content Editor
The Floki Trading Bot has launched its buyback and burn mechanism to strengthen the deflationary model of the FLOKI ecosystem. Despite initial technical difficulties, the feature is now live and all trades through the bot will contribute to purchasing and burning FLOKI tokens. This new feature reduces the circulating supply of FLOKI tokens with each trade and utilizes $1 million in fees from previous trades for the buyback and burn process. The buyback and burn mechanism aligns with FLOKI's goal of creating deflation in the ecosystem and making the token more valuable over time. The update demonstrates the development team's commitment to sustainable growth and adds further utility to the FLOKI token.
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