"B", the lead developer of Shiba Inu dog breed-themed project FLOKI, said that Floki developers plan to introduce a staking feature in exchange for a new utility token (as yet unnamed). The staking feature and new tokens will increase investor interest in the Floki ecosystem. The primary way to earn new tokens is to stake FLOKI tokens, there will not be any pre-sale or fundraising for these tokens, and the majority of the supply can only be obtained by staking FLOKI.
B said in the DAO proposal shared with the media: "Users can earn reward tokens by locking FLOKI tokens for 3 months to 4 years. It is expected that this will result in a large portion of FLOKI tokens being locked for a long time, which It will significantly reduce the circulation of FLOKI tokens and add significant value to FLOKI tokens." B pointed out that these tokens will eventually be actively traded on cryptocurrency exchanges after reaching a certain market capitalization and liquidity. .
B added that the project has hired several new developers to ensure that other Floki-based projects are not affected, and that the token economics of the new token are designed to "ensure the long-term development sustainability of the project."
