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HomeCrypto NewsMarketFLOKI Declared Phased Transition to a DAO Following The Footprints of Competitor Shiba Inu (SHIB)

FLOKI Declared Phased Transition to a DAO Following The Footprints of Competitor Shiba Inu (SHIB)


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Following the footprints of its competitor Shiba Inu (SHIB) token, Floki Inu (FLOKI) also decided to begin a gradual and phased transition to a DAO (Decentralized Autonomous Organization).

This phased transition to a DAO will make FLOKI more decentralized and secure, ensuring faster growth and adoption. The team called this move “a transformational moment” for FLOKI and its community.

The team would gradually implement the transition in a “phased” manner. The process is set to begin towards the end of this new week, and the team will reportedly come up with further updates during the week as the transition process begins.

Upon completion of the transition, Vikings will be given the power to vote on critical issues using their FLOKI token.

The statement comes after Floki Inu’s team went into extensive discussions with its key and strategic advisors. During the debate, it was emphasized that Floki must become more decentralized, as this is one of the critical things needed to ensure mainstream adoption for the token in 2022 and beyond.

Before the announcement, FLOKI’s team also closely reviewed the data and information from several reliable sources. The team found that several key industry players like Binance Coin (BNB), the third biggest cryptocurrency globally, Kucoin, one of the world’s biggest exchanges, and The Giving DAO have already shifted their focus towards DAO-related projects.

This data clearly sent a message to FLOKI’s team that, “DAO” is now a defined trend, and FLOKI would definitely not want to miss the ride, as they were always intended to be a DAO.

ITobe a DAO, FLOKI’s team knew that they would need to ensure mainstream adoption, which will become possible only if FLOKI is listed on as many mainstream CEXs as possible. Therefore, they began to ask its Twitter followers to sign the petitions created on change.org for the listing of FLOKI on all major exchanges like Binance, Coinbase, Kraken, Crypto.com, etc.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

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