Hello Folks,
As we approach the Token Generation Event (TGE), we are thrilled to take the next major step in our journey. To ensure a successful launch and foster a healthy market for $FOLKS, enabling a smooth trading experience and deeper liquidity, up to $1.5 million from the Treasury will be allocated for TGE expenses, which include Liquidity Provisions, Security Deposits, and other operational costs. More detailed information cannot be disclosed due to the confidentiality clauses imposed by exchanges.
For the same reason, the exact exchange or launch platforms for $FOLKS will also be publicly announced in an official statement much closer to the actual TGE date.
Liquidity Provision resources will be distributed based on the listing agreements and estimate demand.
The Liquidity Provision may be withdrawn in the future and returned back to the treasury if deemed no longer necessary, partially or in full.
The Folks team is confident in a successful $FOLKS token launch and looks forward to welcoming the community into this exciting new chapter, with many more to come.