VERY BIG NEWS: FLOKI TO LOWER TRANSACTION TAX FOR FASTER ADOPTION AND GROWTH

While we've noticed increasing clamor from the FLOKI community to lower the transaction tax, available data and feedback from experts has informed the team's decision to lower tax.

This decision is informed by many reasons:

- Regulatory compliance is something the FLOKI team is very particular about, especially as we grow.

We've consulted several prestigious crypto lawyers who gave input on several aspects of the FLOKI token, and the general sentiment is that the reflections part of FLOKI's tokenomics gives it attributes of a security — which increases potential scrutiny from the SEC.

- We're in talks with several MAJOR and widely-used centralized exchanges with regards to getting FLOKI listed so that more people can easily buy the token.

For every single one of these exchanges, compliance is the number 1 priority. In other words, even if there is the off chance that FLOKI would be deemed a security, a listing will be difficult.

Removing reflections is one of the key steps we need to take to more easily get listed on these major exchanges.

- Lots of data sources the team has analyzed indicate that the high tax is hindering a lot of people, especially whales, from buying the FLOKI token as a 16% tax is not very sustainable for them to get in or out easily at our market cap. This is also hindering volume which has an effect on CEXs as well.

- An overwhelming majority of FLOKI investors and community members have communicated a desire to have the tax reduced so FLOKI can grow faster.

When we look at all of the above, reducing taxes and removing reflections is something we are obligated to do to be legally compliant. Moreso, it will make major CEX listings possible, make FLOKI more attractive to new investors and position us for accelerated growth.

As a result, reflections will be ended for the FLOKI token with effect immediately while marketing tax will be reduced to 3%.

Do note that this is something that can be done very easily once enough multisig signers approve, so there won't be a new contract or any drama; it's automatic and you have absolutely nothing to worry about.

Will FLOKI still be deflationary?

Yes. Going forward, 10% of the marketing fees will be used to market buy FLOKI tokens on a routine basis going forward; these tokens will either be burned or put in the Valhalla treasury, or both, based on how you vote or decide.

This essentially makes the FLOKI token deflationary while still showing clearly that the community has the power to influence changes and decisions as far as the FLOKI token is concerned.

The team is also currently looking at legally-compliant options for long-term holders and supporters that will make holding easier and more comfortable for them.

Based on data we have access to, this is extremely exciting news indicative of great days ahead!

The future is very bright!

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