- Floki has recently partnered with ApeSwap in order to facilitate the launch of Treasury Bills
- This is done to offer users the chance to buy Floki at a reduced price through the company’s SLM program.
- Users can visit the ApeSwap Treasury Bill website to participate in the program.
In a thread on Twitter on Tuesday, Floki Inu announced that it had re-joined forces with ApeSwap to offer users the chance to buy FLOKI, the native token of Floki Inu, at a reduced price through the latter company’s new sustainable liquidity mining (SLM) program.
Floki Inu tweeted,
We’re excited to partner with @ape_swap to allow users to purchase FLOKI at a discount using their new sustainable liquidity mining (SLM) program.
1/ We're excited to partner with @ape_swap to allow users to purchase $FLOKI at a discount using their new sustainable liquidity mining (SLM) program.— FLOKI (@RealFlokiInu) August 16, 2022
🧵Read on to learn:
1️⃣ How Treasury Bills work
2️⃣ Why we created a Treasury Bill for $FLOKI
3️⃣ How to get involved pic.twitter.com/u6o37aqreM
The Floki Inu team discloses that Treasury Bills, a type of yield-bearing NFT, are used by the SLM program. Users can get tokens at a discount by using Liquidity Provider (LP) tokens to buy these Treasury Bills. Then, users sell such Treasury Bills to generate liquidity.
Noticeably, the SLM program will let users buy FLOKI at a lower price while giving Floki Inu a way to produce protocol-owned liquidity affordably as well as sustainable.
Users must go to the ApeSwap Treasury Bill website and click the Floki-BNB Bill to take part in the program. Then, without departing the page, users without Floki-BNB LPs can choose Get LP and create them.
Notably, several users expressed delight at having the chance to add to their bags at a discount.
While pointing out potential risks, one user nevertheless urged the team to continue developing despite this.
In the meantime, the well-known meme coin is teaming up with the esteemed Binance Smart Chain (BSC) decentralized exchange for the second time (DEX). The partnership between ApeSwap and Floki Inu to use the FlokiFi locker protocol was made officially last Wednesday.
Notably, Floki Inu created a new security protocol called the FlokiFi locker protocol to let users shield their assets from hacks.
Several DEXs, including RadioShack, have backed the FlokiFi locker in just a few short days. Notably, FLOKI will become a deflationary meme coin thanks to the protocol’s burn and buyback mechanism.
At the time of writing, FLOKI is up 2.66% over the past 24 hours and is trading at $0.00001578.