Floki Inu lovers can now purchase the token at a discount in the latest initiative.
Floki Inu reveals in a Twitter thread on Tuesday that it has partnered with ApeSwap once again to allow users to purchase the Floki Inu native token FLOKI at a discount through their new sustainable liquidity mining (SLM) program.
“We’re excited to partner with @ape_swap to allow users to purchase FLOKI at a discount using their new sustainable liquidity mining (SLM) program,” Floki Inu wrote in its tweet.
1/ We're excited to partner with @ape_swap to allow users to purchase $FLOKI at a discount using their new sustainable liquidity mining (SLM) program.
🧵Read on to learn:
1️⃣ How Treasury Bills work
2️⃣ Why we created a Treasury Bill for $FLOKI
3️⃣ How to get involved pic.twitter.com/u6o37aqreM
— FLOKI (@RealFlokiInu) August 16, 2022
The Floki Inu team reveals that the SLM program uses yield-bearing NFTs called Treasury Bills. Users can purchase these Treasury Bills using Liquidity Provider (LP) tokens to receive tokens at a discount. Then, to create liquidity, users sell these Treasury Bills.
Notably, the SLM program will allow users to purchase FLOKI at a discount while providing a means for Floki Inu to create protocol-owned liquidity cost-effectively and sustainably.
To participate in the program, users must visit the ApeSwap Treasury Bill website and choose the Floki-BNB Bill. Users without Floki-BNB LPs can select Get LP and create them without leaving the page.
Notably, several users expressed excitement at the opportunity to add to their bags at a discounted price.
@JohnA1546 what!???? Discounted #Floki!! Might have to get me a bag!!
— Jk Head (@JkHead1) August 16, 2022
At the same time, one user noted that it could carry some risks but encouraged the team to keep building.
Meanwhile, it is the second time the popular meme coin is partnering with the leading Binance Smart Chain (BSC) decentralized exchange (DEX). Last Wednesday, ApeSwap confirmed that it had partnered with Floki Inu to use its FlokiFi locker protocol. Notably, the FlokiFi locker protocol is a new security protocol built by Floki Inu to allow users to protect their assets from hacks.
In just a few days, the FlokiFi locker has received support from several DEXs, including RadioShack. Notably, the protocol features a burn and buy-back mechanism for FLOKI that will make the meme coin deflationary.
FLOKI is currently trading at the $0.00001578 price point, up 2.66% in the last 24 hours.