Token utility and bridge security are two key factors driving a popular RealFlokiInu governance proposal. By shauryamalwa
to burn nearly $55 million of its namesake FLOKI tokens and reduce a tax levied on each transaction.
“Floki has demonstrated a strong focus on utility and fundamentals: through the mainnet release of our FlokiFi Locker protocol and the first major testnet release of our metaverse game Valhalla in a bear market,” the core team member added. “In Floki’s case, an exploit on our main cross-chain bridge would have a catastrophic impact on the project since this bridge currently holds 55.7% of what FLOKI’s total circulating supply should be. This is a lot of tokens, and that’s more than enough to drain the project’s liquidity pools and essentially destroy the project if exploited,” they added.
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