Floki has unveiled its new platform TokenFi, aimed at simplifying the crypto and asset tokenization process. This revelation comes at a time when the tokenization space is expected to grow to a staggering $16 trillion by 2030. announcement created on October 26, 2023 underlines Floki’s strategic intent to carve out a niche in this trillion-dollar empire, further bolstered by the backing of BlackRock, the world’s largest institutional investor overseeing $10 trillion in assets. BlackRock’s endorsement, referring to tokenization as “the next evolution in markets,” adds a layer of institutional credibility to the sector’s future expansion.
Scheduled for a comprehensive unveiling on October 27, 2023, TokenFi, with its token ticker “TOKEN,” aims to demystify the tokenization journey and aim to rise as the top tokenization platform globally. The platform’s token specifications are as follows:
Token name: TokenFi
Token ticker: TOKEN
Total supply: 10 billion tokens, divided equally between BSC and ETH chains.
Launch Market capitalization: In circulation – $50,000, Diluted – $500,000.
Targeted Industry: Tokenization, Real World Assets, Launchpad.
Initially, a 10% token supply will grace the Liquidity Pools on Uniswap and PancakeSwap to promote public liquidity and trading, which will begin on October 27, 2023 at 3:00 PM UTC.
TokenFi has also forged a strategic alliance with DWF Labs, its key institutional partner and market maker, along with a crucial partnership with World Table Tennis to broaden its reach to a colossal audience of 120 million individuals. TokenFi’s careful design is not just fantasy; Several products are already in advanced stages of development on testnet, ready for launch in Q4 2023. In addition, a special deployment program for FLOKI holders is in the pipeline, which will be rolled out a few hours after TokenFi’s launch, allowing the stability of the ecosystem is strengthened.
The launch also includes a well-thought-out plan to limit sniper activity during the early trading hours. A wallet limit of 1% of the total supply and a 20% buy/sell transaction tax will be enforced in the first hour of trading, with the first hour switching to a 5% tax, subject to a subsequent DAO vote .
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