Floki developers plan to burn $11 million worth of FLOKI.

According to BlockBeats news on February 29th, Floki developers will propose a plan to destroy 2% of the circulating supply of FLOKI in order to increase scarcity and enhance the network security of this dog-themed cryptocurrency platform, as reported by CoinDesk. "We propose to destroy 190,918,585,431.84 FLOKI tokens," the chief developer told CoinDesk in a Telegram message. "This is approximately 2% of the current circulating supply of the token, which is currently worth over $11 million."