Coinspeaker
DWF Labs Invests Additional $1.25M in FLOKI to Support the Ecosystem
Crypto market-maker (MM) DWF Labs has acquired an additional $1.25 million worth of FLOKI tokens to support the advancement of the ecosystem.
According to a blog post on December 5, the memecoin project Floki Inu announced that the liquidity provider had increased its portfolio with more tokens purchased from the Floki Treasury in early November.
DWF Labs Partners FLOKI
DWF Labs started the acquisition of FLOKI tokens in May this year after the company partnered with the protocol to bolster the ecosystem’s growth. Following the collaboration, the company bought $5 million worth of the memecoin to show its commitment and support for the project.
Aside from the token purchase, the crypto market maker has also made other contributions to aid the adoption of the network.
According to Floki, DWF Labs has helped the ecosystem in many ways, including assisting in listing the token on crypto exchanges to make FLOKI accessible to users from around the world.
Additionally, the liquidity provider has helped bolster the adoption of Floki’s utility by facilitating introductions to key industry projects and publicly supporting the project.
The project said it had chosen DWF Labs to serve as a market maker and provide liquidity to its new project, TokenFi.
“Our relationship with DWF Labs has been tremendous and mutually beneficial, which is why we chose them as our exclusive market maker (MM) for our new project, TokenFi. TokenFi (with the ticker “TOKEN”) is Floki’s sister project that aims to disrupt the projected $16 trillion tokenization and RWA industry,” said FLOKI.
DWF Labs to Provide Resources for Floki Adoption
Floki also said in its blog post that it will continue working with DWF Labs to prepare for the upcoming bull run.
The platform said that DWF Labs will also provide all the innovative solutions and resources it needs to achieve its goal of making FLOKI the most well-known and used digital asset in the world.
“They will also provide the resources we need to aggressively actualize our vision of making Floki the most known and most used cryptocurrency and make TokenFi the top tokenization platform in the projected $16 trillion tokenization industry,” wrote the Floki team.
In addition to working with DWF Labs to achieve its ambitious goals, the project plans to engage in massive marketing and focus on utility, philanthropy, and community to ensure it reaches its objective.
So far, Floki currently has 460,000+ holders worldwide.
DWF Labs Invests Additional $1.25M in FLOKI to Support the Ecosystem
