- FLOKI can be purchased at a discount via ApeSwap’s new sustainable liquidity mining (SLM) initiative.
- The Floki Inu team says Treasury Bills, the SLM program’s interest-generating NFTs, make this possible.
- Users may join the program by visiting the ApeSwap Treasury Bill website and choosing the Floki-BNB Bill.
Floki Inu (FLOKI) is now available at a discount via ApeSwap’s new sustainable liquidity mining (SLM) program, the firm noted in a Twitter thread on Tuesday.
According to the Floki Inu team, this is made possible via Treasury Bills, the NFTs used by the SLM program to generate interest. In exchange for LP tokens, which are issued by the Liquidity Provider, users may buy U.S. Treasury Bills at a discount. Users then sell these Treasury Bills to generate liquidity.
The SLM initiative is noteworthy because it will enable users to buy FLOKI at a discount and will also allow Floki Inu to efficiently and sustainably establish protocol-owned liquidity.
Users may join the program by going to the ApeSwap Treasury Bill website and selecting the Floki-BNB Bill. If a user doesn’t already have a Floki-BNB LP, they may sign up for one through the portal.
Many users have voiced their enthusiasm for the sale since it allows them to stock up on essentials without breaking the bank.
On the other hand, some users were concerned that there were inherent risks involved but urged the team to go on.
Also, this is the meme coin’s second partnership with the prominent decentralized exchange on Binance Smart Chain (BSC). Last Wednesday, ApeSwap officially announced that the company would be using Floki Inu’s FlokiFi locker protocol. Floki Inu’s innovative security protocol, FlokiFi locker, protects users’ assets from attackers.
The FlokiFi locker has gained the backing of many DEXs in a matter of days, including electronics giant RadioShack. In particular, the protocol includes a burn and buy-back mechanism for FLOKI, which will render the meme currency deflationary.
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