On January 9, Floki Inu (FLOKI) decided to begin a gradual and phased transition to a DAO (Decentralized Autonomous Organization). The process was scheduled to start towards the end of the week.
Fulfilling its promise, today FLOKI’s official Twitter handle posted an update on gradual transitioning to a DAO and declared that the phase 1 upgrade would begin soon.
We had previously announced that #FLOKI will be gradually transitioning to a DAO for strategic reasons, with phase 1 of the upgrade to start sometime this week.
We'd like to announce that the phase 1 upgrade will begin soon. https://t.co/s3pokg34X9
— Floki Inu (@RealFlokiInu) January 15, 2022
FLOKI has coordinated with exchanges and DeFi partners who will support this upgrade, and those platforms will release their announcements soon.
FLOKI’s team further noted that they are awaiting final confirmation from one of their key partners so that timing can be streamlined. They will release an official announcement with specifics of the DAO upgrade.
FLOKI assured its followers that the upgrade would be seamless and automated. Therefore, holders of the token should relax as they have to do nothing.
Furthermore, FLOKI has warned its holders not to share their seed phrase or sensitive details with anyone, as no one from FLOKI’s team or any of their partners will contact them for such information.