Floki DAO is pushing for ETP to be listed in Europe, and the community vote will determine Liquidity configuration.

Floki DAO - an organization that manages memecoin Floki - proposes to allocate part of its funds to an asset management company to launch exchange trading products (ETPs) in Europe, allowing institutional investors to access investment opportunities in memecoin.

In the proposal submitted on December 25th, members of Floki DAO are currently voting on whether liquidity should be allocated for ETP. The proposal requests the use of a portion of the 16 billion FLOKI for the future fund's liquidity.

The proposal is currently being voted on and will last for 48 hours, ending on December 27th at 11:00 UTC. If the vote is approved and ETP continues, Floki DAO will become the second memecoin to have a registered ETP, along with Dogecoin.

The development of ETP is part of Floki's broader strategy to enhance its practicality and attractiveness in the competitive cryptocurrency field. The project has been actively engaging the community and exploring various financial products to strengthen its presence in the market. Community voting on new investment opportunities in the European market is crucial for the project. If the proposal is approved, it may support new investment opportunities for the project and enhance token liquidity, providing high potential for investors.

If the proposal is approved, the required number of FLOKI tokens for ETP should reach 16 billion, which is approximately $2.8 million at the current price. These tokens will still be owned by Floki during the liquidity provision for ETP, and can be withdrawn if sufficient third-party liquidity is obtained.

Floki ETP is currently in the later stage and is expected to be launched in the first quarter of 2025, and is preparing to trade on the third largest exchange, the Swiss SIX exchange in Europe. After the launch of Floki ETP, it will provide regulated access to FLOKI tokens for institutional investors, regulated entities, and individual investors.

According to the data from Coingecko, Floki is currently the seventh largest meme coin in terms of total value, with a total market capitalization of $1.7 billion as of the time of publication.

$FLOKI's current trading price is $0.00017, despite a recent decline in trading price, the memecoin has seen a 400% increase since the beginning of this year.

Floki DAO advances ETP listing in Europe, community vote will determine liquidity allocation. This article was first published in "Blocklike".