UPDATE ON FLOKI DIAMOND HANDS REWARDS AND TOKENFI TEAM TOKEN VESTING

In January 2023, the Floki DAO had one of its most pivotal votes ever: a vote to disable the project’s main cross-chain bridge, burn 4.9 trillion $FLOKI tokens, and lower the Floki transaction tax to 0.3%.

In an attempt to acknowledge the most loyal supporters of the project, we promised “Diamond Hands Rewards” to people who met certain criteria.

Specifically:

Everyone who held FLOKI tokens prior to the “bridge token burn/transaction fee removal” DAO vote that took place between January 26–28, 2023 and who did not sell/transfer their tokens during the DAO vote and until voting ended qualified for these Diamond Hands Rewards AND who had at least $100 worth of $FLOKI in their wallet during this period.

1% of the $TOKEN supply was allocated to these users in the TokenFi tokenomics. Finally, the promised tokens have been distributed to those who were qualified today. We are closing this chapter as we have fulfilled our promise.

If you met the above criteria, you should have received TokenFi tokens proportionate to the number of tokens you held at the time compared to the sum total of everyone that qualified, relative to the portion of tokens allocated towards the Diamond Hands Rewards (i.e. 1% of supply). So, if you believe you meet the criteria, check your wallets to confirm whether you have received your tokens.

NOTE: These tokens have been airdropped to everyone that met the criteria. We would NOT require you to connect your wallet to any website, and we will NOT send you DMs asking you to claim tokens or rewards.

The correct TokenFi contract address is 0x4507cef57c46789ef8d1a19ea45f4216bae2b528. Please crosscheck any token airdropped to your wallet with this contract address. If it matches, you are fine. If it doesn’t, then you didn’t qualify. Stay safe, and do not be deceived by scammers.

In addition to the above, we communicated that 2% of the $TOKEN supply was allocated to the team as part of the TokenFi tokenomics and vested for 4 years as a way to incentivize the team while also reflecting the team’s long-term commitment to the project. Distribution of the first three months of the vested team tokens also took place today. While TokenFi did launch on October 27, 2023, we decided to start calculating the vesting of team tokens officially from January 1, 2024 — mainly due to being busy trying to meet key deadlines and build as we work towards establishing TokenFi. This essentially increases the length of the vesting period of the team token by three months — which means the actual vesting period of these tokens will now be 4 years and 3 months. While this is a longer period than was communicated in the tokenomics, it shows this team’s strong commitment to the success of TokenFi as we work towards making it a leading project in the tokenization industry. Our focus is on the long term, and as such, we are not bothered by short-term noise and distractions!

We will be releasing more of our plans for TokenFi in the coming days and weeks. Stay tuned!