Floki Inu has unveiled its latest platform, TokenFi. The primary aim is to simplify the process of cryptocurrency and asset tokenization.
This revelation emerges at a crucial juncture. The realm of tokenization is anticipated to reach a staggering $16 trillion by the year 2030.
The disclosure was unveiled on October 26, 2023, and it underscores Floki’s strategic determination to establish a distinct presence in this trillion-dollar domain. This determination is further underscored by the support of BlackRock, the world’s foremost institutional investor, overseeing a portfolio of $10 trillion in assets.
Notably, BlackRock’s endorsement characterizes tokenization as the “forthcoming revolution in financial markets.” This endorsement adds an additional layer of institutional credibility to the sector’s prospective expansion.
Set for a comprehensive introduction on October 27, 2023, TokenFi, adorned with the token symbol “TOKEN,” is determined to shed light on the intricacies of the tokenization journey.
Its ultimate goal is to rise as the paramount global platform for tokenization. Now, let’s delve into the specifics of the platform’s token:
Token Designation: TokenFi
Token Symbol: TOKEN
Total Distribution: 10 billion tokens, evenly distributed across the Binance Smart Chain (BSC) and Ethereum (ETH) networks.
Initial Market Capitalization: Circulating – $50,000, Diluted – $500,000.
Initially, at the outset, 10% of the token supply will be designated for allocation to Liquidity Pools on Uniswap and PancakeSwap. This allocation is intended to bolster public liquidity and facilitate trading. It is worth noting that this allocation is set to commence at 3 PM UTC on October 27, 2023.
Floki Inu TokenFi: Strategic Collaborations, Innovative Design, and Launch Strategy
TokenFi has also established a strategic partnership with DWF Labs, its primary institutional collaborator and market facilitator. Moreover, it has forged a critical alliance with World Table Tennis, aiming to broaden its outreach. This alliance is expected to connect with a vast audience, totaling 120 million individuals.
Additionally, the meticulous design of TokenFi goes beyond mere imagination. Several products are already in advanced development on the test network. They are poised for launch in the fourth quarter of 2023.
Furthermore, a dedicated staking program for FLOKI holders is currently in progress. Although, This program is scheduled for introduction a few hours after the launch of TokenFi. Its purpose is to enhance the overall stability of the ecosystem.
Additionally, the launch incorporates a carefully crafted strategy to counteract front-running activities during the initial trading hours. During the first hour of trading, a 1% wallet cap will be imposed on the total supply.
Furthermore, a 20% tax will be applied to buy and sell transactions. Following the initial hour, these measures will transition to a 5% tax rate, subject to approval through a subsequent vote by the Decentralized Autonomous Organization (DAO).