Floki Renounces Blacklist Function & Announces April 5th, 2022 Tax Hiatus

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Floki is “the people’s crypto” and has a unique and fascinating history. Launched in June of 2021, the project has overcome numerous obstacles on its way to becoming a leader in the space with a hotly anticipated Play to Earn game under development: Valhalla.

One major issue was a faulty, inflationary contract launched by the original developer of the project (who has long since been replaced and taken over by a legitimate, seasoned team). This has been well documented and a consequence of the bad V1 Floki contract was hyperinflation and a bug that resulted in early holders receiving more Floki than they should have on the transition to V2.

To address this hyperinflation issue from Floki V1, the Floki team launched the Nottingham Contract, a new iteration of the token (V4),  in January of 2022 and during the process blacklisted a number of wallets that had received excess Floki from the noted bug, with the caveat a given wallet would be whitelisted upon return of the supply they should not have received. This blacklist “return policy” was decided by a community DAO vote, as was the decision to renounce the blacklist function in the current contract.

Now the Floki Team has announced they will renounce the blacklist function in the current V4 contract, a major move that signals Floki is ready to take on a new wave of investors interested in one of the most exciting projects in crypto. This combined with Floki’s move to a DAO structure further decentralizes Floki, which many believe is the true end goal of crypto.

The current Floki contract has been fully audited by Certik and the project has an active partnership with leading market maker