- As part of the deal, the company will become a FLOKI holder
- DWF Labs will also promote the token in institutional circles
- Mem-coin is positioning itself as a “people’s cryptocurrency”
Floki DAO has entered into a strategic partnership with market maker DWF Labs. As part of the deal, the company will buy FLOKI for $5 million, which will strengthen the position of the token and help the project scale.
We talked about this meme-coin in detail in a separate article. There you will also find a brief overview of DOGE, SHIB and some other tokens in this category.
Note that FLOKI is in the top of the most popular meme-coins in some countries. We mentioned it, for example, here. The project is actively developing and looking for new partners.
Yes, according to press release Floki DAO, the agreement with DWF Labs is dictated primarily by the latter’s belief in the potential of the token. The fact that the company will become a major holder of the meme-coin only confirms this.
In addition, an agreement with such a high level partner will accelerate the expansion of FLOKI at the institutional level. The market maker will promote the meme-coin, which will ultimately have a positive effect on the scaling of the project.
Note that FLOKI is also positioned as a “people’s” cryptocurrency. Unlike some other institutional-level projects, control of the token remains entirely in the hands of the community.