Floki Launches TokenFi Platform for Crypto and Asset Tokenization
Floki ($FLOKI), a cryptocurrency project, has introduced TokenFi, a platform dedicated to crypto and asset tokenization. The goal of the platform is to become a global leader in the rapidly growing tokenization industry, which is projected to reach a value of $16 trillion by 2030. BlackRock, the world’s largest institutional investor, recognizes the significant growth potential in this sector and refers to it as “the next evolution in markets.”
TokenFi’s Features and Objectives
TokenFi’s native digital asset is called TOKEN. It aims to simplify the process of tokenizing both cryptocurrencies and real-world assets. The primary objective is to establish TokenFi as the leading tokenization platform worldwide. The official website for TokenFi will be unveiled on October 27, 2023, providing more details about its offerings.
Token Specifications
- Token Name: TokenFi
- Token Ticker: TOKEN
- Total Supply: 10 billion tokens (evenly distributed between BSC and ETH chains)
- Initial Market Cap: $50,000 circulating and $500,000 fully diluted
- Target Industries: Tokenization, Real-World Assets, Launchpad
Trading and Liquidity
Trading for TOKEN will begin at 3 P.M. UTC on October 27, 2023, on Uniswap and PancakeSwap. To facilitate public trading, an initial 10% of the token supply will be added to liquidity pools on these platforms. The BSC and ETH contract addresses for TOKEN are the same: 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528.
Incentives for FLOKI Stakers
FLOKI token stakers will receive 56% of the TOKEN supply over a four-year period. This strategy aims to ensure stability for the FLOKI token while rewarding its community, known for their strong holding behavior.
Market Cap and Supply Distribution
The TOKEN supply will be evenly divided between the BSC and ETH chains, with each chain having 5 billion tokens. This leads to an initial circulating market cap of $50,000 for each chain and a fully diluted market cap of $500,000.
Anti-Sniping Measures
To counteract token snipers, TokenFi will impose a 1% wallet cap within the first hour of trading, limiting individual wallets to a maximum of 100 million tokens. Additionally, a 20% transaction tax will be levied during the first hour, discouraging snipers and contributing to the Floki treasury for future growth.
Floki Staking Program Details
Shortly after the launch of TokenFi on October 27, 2023, the Floki staking program will commence. Users will have the opportunity to stake their FLOKI tokens to earn TOKEN just a few hours after TokenFi tokens become tradable.
Future Plans
TokenFi has several products in advanced stages of development on testnet, set to be released in Q4 2023. The platform has already secured DWF Labs as its main institutional partner and market maker, as well as a strategic partnership with World Table Tennis to reach an audience of 120 million people. The Floki team plans to announce further partnerships in the coming weeks and months.
Hot Take: TokenFi Aims to Lead the Global Tokenization Industry
Floki’s launch of the TokenFi platform marks a significant step towards becoming a global leader in the rapidly growing tokenization industry. With BlackRock recognizing the immense growth potential in this sector, it is clear that tokenization is the next evolution in markets. TokenFi’s streamlined approach to tokenizing both cryptocurrencies and real-world assets, along with its attractive incentives for FLOKI stakers, positions it well for success. As the platform continues to develop and expand its partnerships, it is poised to make a significant impact on the tokenization landscape. Keep an eye out for further updates and announcements from TokenFi as it aims to revolutionize the way assets are tokenized.
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