Tag: tokenfi

Floki Enters the Tokenization Arena with TokenFi Launch

Floki has unveiled its new platform, TokenFi, aimed at easing the crypto and asset tokenization process. This revelation comes at a time when the tokenization domain is foreseen to swell to a staggering $16 trillion by 2030. The announcement made on October 26, 2023, underscores Floki’s strategic intent to carve a niche in this trillion-dollar realm, further amplified by the backing of BlackRock, the world’s premier 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 prospective expansion.

Scheduled for a comprehensive reveal on October 27, 2023, TokenFi, with its token ticker “TOKEN”, aspires to demystify the tokenization journey, striving to ascend as the apex tokenization platform globally. The platform’s token specifics are as follows:

Token Name: TokenFi

Token Ticker: TOKEN

Total Supply: 10 billion tokens, equally distributed across BSC and ETH chains.

Launch Market Cap: Circulating – $50,000, Diluted – $500,000.

Targeted Industry: Tokenization, Real World Assets, Launchpad.

Initially, a 10% token supply will grace Liquidity Pools on Uniswap and PancakeSwap to foster public liquidity and trading, set to commence at 3 PM UTC on October 27, 2023.

TokenFi has also inked a strategic alliance with DWF Labs, its prime institutional partner and market maker, along with a pivotal partnership with World Table Tennis to broaden its outreach to a colossal audience of 120 million individuals. The meticulous design of TokenFi is not just a flight of fancy; several products are already in the advanced development stage on testnet, poised for a Q4 2023 launch. Besides, a dedicated staking program for FLOKI holders is in the pipeline, set to roll out a few hours post-TokenFi’s launch, thus reinforcing the ecosystem’s stability.

The launch also entails a well-thought-out plan to mitigate sniping activities during the initial trading hours. A 1% wallet cap of the total supply and a 20% buy/sell transaction tax will be enforced in the first hour of trading, transitioning to a 5% tax post the first hour, subject to a subsequent DAO vote.

DWF Labs to Invest $10 Million in TokenFi Tokens Over Two Years

DWF Labs, a leading digital asset market maker and multi-stage Web3 investment firm, has announced plans to purchase $10 million worth of TokenFi tokens over the next two years. The strategic investment is part of DWF Labs’ commitment to support TokenFi’s vision of becoming a dominant player in the rapidly growing tokenization industry, which is projected to reach a staggering $16 trillion by 2030.

The token purchase will be made from the TokenFi treasury and will provide the necessary resources for TokenFi to develop innovative and competitive products, including those that incorporate Artificial Intelligence (AI). Some of the planned AI-powered products include the TokenFi Generative AI for NFTs and the TokenFi AI Smart Contract Auditor. These cutting-edge solutions are expected to give TokenFi a significant edge as the tokenization and AI trends continue to gain momentum, especially with the anticipation of crypto’s most explosive bull run on the horizon.

TokenFi first announced its partnership with DWF Labs in 2023, with the latter serving as TokenFi’s main market maker. This latest investment further deepens the relationship between the two companies and strategically positions TokenFi for dominance in the increasingly competitive tokenization space.

TokenFi is an innovative platform that simplifies the process of crypto and asset tokenization, allowing users to launch or tokenize assets without requiring coding expertise. The platform is committed to revolutionizing the trillion-dollar tokenization industry by providing a user-friendly interface that makes tokenization accessible to the masses.

DWF Labs, on the other hand, is a new generation Web3 investor and market maker, and one of the world’s largest high-frequency cryptocurrency trading entities. The firm trades spot and derivatives markets on over 60 top exchanges, making it a significant player in the digital asset space.

The collaboration between TokenFi and DWF Labs is expected to drive innovation and growth in the tokenization industry, as both companies leverage their expertise and resources to deliver cutting-edge solutions. As the adoption of tokenization and AI continues to accelerate, this strategic investment positions TokenFi to capitalize on the immense potential of these technologies and solidify its position as a leader in the space.

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