The Floki Inu community voted in favor of a recent governance proposal that sought to burn 4.2 trillion FLOKI tokens on a cross-chain bridge and reduce transactional tax.

The proposal passed with a 99.97% majority voting in favor of burning the bridge tokens while 0.03% voted against the proposal, developers said. The FLOKI transaction tax will be lowered to 0.3% effective 8 PM UTC on Feb.3, while the 4.2 trillion tokens will be permanently burnt at 8 PM UTC on Feb.9, 2023.

(By Shaurya Malwa)