Floki ($FLOKI), a cryptocurrency project, has announced the launch of TokenFi, a platform focused on crypto and asset tokenization. The platform aims to become a global leader in the tokenization industry, which is expected to be worth $16 trillion by 2030. BlackRock, the world’s largest institutional investor, also sees significant growth potential in this sector, terming it as “the next evolution in markets.”
TokenFi’s Features and Objectives
TokenFi’s native digital asset is identified by the ticker TOKEN. The platform is designed to streamline the tokenization process for both cryptocurrencies and real-world assets. The primary goal is to establish TokenFi as the premier tokenization platform globally. The official website for the platform will be unveiled on 27 October 2023, providing further details about its offerings.
- Token Name: TokenFi
- Token Ticker: TOKEN
- Total Supply: 10 billion tokens, evenly distributed between BSC and ETH chains (5 billion tokens on each).
- Initial Market Cap: $50,000 circulating and $500,000 fully diluted.
- Target Industries: Tokenization, Real-World Assets, Launchpad.
Trading and Liquidity
Trading for TOKEN is set to commence at 3 P.M. UTC on 27 October 2023 on Uniswap and PancakeSwap. An initial 10% of the token supply will be added to liquidity pools on these platforms to facilitate public trading. The BSC and ETH contract addresses for TOKEN are identical, listed as 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528.
Incentives for FLOKI Stakers
FLOKI token stakers will be rewarded with 56% of the TOKEN supply over a four-year period. This strategy aims to ensure stability for the FLOKI token while also rewarding its community, known for their strong holding behavior.
Market Cap and Supply Distribution
The TOKEN supply will be equally divided between the BSC and ETH chains, with each having 5 billion tokens. The starting circulating market cap for each chain will be $25,000, leading to a combined initial circulating market cap of $50,000 and a fully diluted market cap of $500,000.
To counteract the impact of token snipers, a 1% wallet cap will be imposed 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, serving dual purposes: deterring snipers and contributing to the Floki treasury for future growth.
Floki Staking Program Details
Following the TokenFi token’s launch at 3 P.M. UTC on 27 October 2023, the Floki staking program will be initiated shortly thereafter. Users will have the opportunity to stake their FLOKI tokens to earn TOKEN just a few hours after TokenFi tokens become tradable.
TokenFi has several products in advanced stages of development on testnet, slated for release in Q4 2023. The platform has already secured DWF Labs as its main institutional partner and market maker and has formed a strategic partnership with World Table Tennis to reach an audience of 120 million people. The Floki team says that further partnerships will be announced in the coming weeks and months.