Floki Inu, a meme coin, has introduced an auto-burn feature that sets it apart from other popular meme coins like Shiba Inu and Dogecoin. The auto-burn mechanism automatically buys and burns Floki tokens, making the coin deflationary. The feature had faced technical challenges but has now resumed operation. The Floki Trading Bot, which facilitates token trading, will collect and incinerate 50% of transaction fees generated. The project has already accumulated over $1 million in fees. The burn mechanism is similar to that of other meme coins, while Dogecoin has an inflationary model instead.



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