TokenFi Launchpad (TOKEN): Empower users with simple tokens
Floki has outdone itself with another decentralized financial (DeFi) innovation : TokenFi.
Since its beginnings as a meme coin inspired by Elon Musk’s dog, Floki has transformed into a multifaceted asset within its ecosystem. Now, its latest project, TokenFi, is set to cement Floki’s position as a serious contender in the DeFi space. You may be wondering: “What is TokenFi and how exactly does it work?” Let us unravel the complexities for you.
Key takeaways :
- TokenFi, Floki’s cryptocurrency and asset tokenization platform, allows you to effortlessly tokenize real-world assets and cryptocurrencies without any coding.
- Floki’s TokenFi project caused a $100 million increase in FLOKI’s market cap within three days of community support.
- Some of TokenFi’s pioneering features include Token Launcher for easy token creation, an RWA tokenization module, and the TokenFi launchpad.
What is TokenFi?
TokenFi is an easy-to-use cryptocurrency and asset tokenization platform that allows users to tokenize any real-world asset (RWA) and launch crypto tokens without needing to write code or spend a lot of money. As part of the Floki ecosystem, TokenFi was initially created to distribute TOKEN crypto rewards to the Floki community.
TokenFi was introduced in late October 2023 as a result of a DAO proposal from Floki to launch a staking program. The Floki community approved the proposal on October 24, 2023, immediately launching the project.
Users that stake FLOKI coins are rewarded by the TokenFi network with TOKEN tokens. TokenFi currently has a full working feature, Token Launcher, which allows users to easily create FLOKI-like tokens without programming. TokenFi will also offer many other DeFi solutions currently underway.
One of the most anticipated features will be the ability to use the platform to convert a real-world asset (RWA) into a crypto token. This is a significant promise, as RWA tokenization essentially allows people to link physical properties to the blockchain. RWA tokenization is a billion-dollar industry expected to be worth trillions of dollars by 2030, and TokenFi aims to enter the global asset token market to streamline the process.
TokenFi Key Features
Token launcher
TokenFi Token Launcher allows anyone to create ERC-20 and BEP-20 compatible tokens in a few easy steps. Choose from a list of features such as burn fees, repurchase liquidity, and treasury portfolios. Additionally, you can even create liquidity pools on decentralized exchanges ( DEX ) to facilitate trading through the Token Launcher.
TokenFi RWA token module
The Floki team also plans to launch an RWA tokenization module on TokenFi. This will allow users to enter any RWA that is not a security and convert it into a crypto token. Through the process of asset tokenization, people will be able to establish proof of ownership over their artwork and collectibles, and even gold, on the blockchain.
Launchpad the TokenFi
TokenFi Launchpad takes care of the technical aspects of fundraising so project creators can focus on networking and fundraising. Although not yet fully implemented, TokenFi Launchpad will be fully decentralized and provide useful security measures.
TokenFi AI Smart Contract Auditor
This upcoming feature will help ensure that crypto token launches and asset tokenization remain completely above board. Users will be able to obtain on-site token audits for their smart contracts, reassuring the community and preventing malicious actors from taking advantage of TokenFi’s simple token generation process.
Referral and incentive program for users
TokenFi hopes to further support the token industry through user incentives. To boost adoption of the program, users who refer others will receive additional TOKEN rewards. Five percent of the total TOKEN coin supply has been allocated to this referral program.
Tokenomics de TOKEN
So far, Floki has not fully outlined the use cases for the TOKEN cryptocurrency, having only announced that TOKEN can be earned as a staking reward for FLOKI holders through a dedicated FLOKI staking site . The main fact known so far about TOKEN is that its total supply is 10 billion, divided evenly between the BSC and ETH chains and distributed as follows:
The current price of TOKEN is approximately $0.032 with a market capitalization of $37.5 million (as of November 9, 2023). Its current price is more than 64,000% higher than its all-time low of $0.0000498 on its launch day and 39.92% lower than its all-time high of $0.0539 on November 2, 2023.
Floki staking program for TokenFi rewards
The initial goal of TokenFi was to provide a reward to people who have staked FLOKI tokens. Users can choose to lock their FLOKI to earn TOKEN. The longer you stake your FLOKI tokens, the more rewards you will earn. This programme has demonstrated its popularity earlier. Fifty-four million FLOKI tokens, or seventeen percent of the total circulating supply of FLOKI tokens, were locked into the FLOKI staking programme in less than a week after debut. Over $56 million, or 1.9 trillion FLOKI, are currently locked in the staking programme.
Where to buy TokenFi (TOKEN)
Even if you haven’t staked FLOKI tokens, you can still easily get the TOKEN coin. TokenFi tokens are available for sale on DEXs like 1" and PancakeSwap , and on centralized exchanges ( CEX ) like Bybit. In fact, in addition to buying TOKEN as Spot pair or USDT Perpetual, you can take advantage of four special events that Bybit has prepared with TOKEN giveaways worth 16.8 million TOKEN .
Conclusions
TokenFi is more than just a new part of the Floki ecosystem, as it also has exciting implications for the multi-billion dollar token industry. By focusing on the process of tokenizing real-world assets, TokenFi has the potential to further connect the blockchain technology industry with real-world elements. If the Floki team fully explores and develops this system, it can become a major player in the DeFi space.
