TokenFi (ETH: $TOKEN) is a project launched by the Floki Inu (FLOKI) meme coin developers. Since its inception as a meme coin inspired by Elon Musk’s pet, Floki has grown into a massive ecosystem.
Details Of TokenFi
The TokenFi project is an asset tokenization platform that is built to allow the effortless tokenization of real-world assets without any coding. Some of its most notable features are a Token launcher for easy token creation, the RWA Tokenization Module, and the TokenFi Launchpad.
In short, the TokenFi platform allows the tokenization of real world assets, as well as token launches with just a few clicks. The project is part of the FLOKI ecosystem, and TokenFi was initially launched to distribute TOKEN crypto rewards to FLOKI holders.
TokenFi was launched via a DAO proposal by the Floki community, which proposed to launch a staking program. The community approved the proposal in October 2023, and work began immediately thereafter. By October 27, 2023, the TokenFi project went live.
TOKEN Coins
Those who stake FLOKI coins are rewarded in TOKEN coins, with TokenFi having one full operating function in the Token Launcher. Other functions still in the works include the Generative AI for NFTs feature, Launchpad MVP for raising funds, TokenFi QuickLaunch bot that would allow the instant launch of tokens on Telegram and Discord, and the RWA Tokenization Module.
The RWA Tokenization Module is the most anticipated feature of the platform. It would allow real-world assets to be secured on the blockchain forever. Asset tokenization is projected to be a multi-trillion-dollar industry by the 2030s, and TokenFi aims to be ready to benefit from this coming opportunity.
TOKEN Tokenomics
TOKEN has a maximum supply of 10 billion, which are evenly split between ETH and BSC chains. 5% of the supply went to the incentive program, 56% to staking pools, 10% to the LP, 22% to the treasury, and 7% to the new token staking pool.
TokenFi (TOKEN) Market Performance
TOKEN has experienced a massive resurgence in the past week rising 25.42% to $0.01773 per token. The market cap is $17.73M, a 2.92% rise in the past 24 hours, with a fully-diluted valuation of FDV $177.37M. With a total supply of 10B tokens, 1B tokens are in circulation. The 24-hour trading volume stands at $13.15M.
TOKEN peaked at an all-time high of $0.2448 on March 26, 2024, and the price has since dipped 92.8% amid a market correction. Since its all-time low of $0.00004864 on October 27, 2023, the price has surged an amazing 36,131.8%.
TokenFi is listed on numerous exchanges, including Bybit, MEXC, Gete.io, and KuCoin. It is also listed on the PancakeSap, Uniswap, and SquadSwap decentralized exchanges.
Social Media Presence
TokenFi has a large social media presence, with 74.6K followers on X, 477 members on Reddit, 82,250 subscribers on Telegram, and 21,480 members on Discord.
Should You Add TokenFi To Your Portfolio?
TokenFi is more than just another meme coin. It is building a comprehensive ecosystem, with its most anticipated feature being real-world asset tokenization. Its market cap is inching closer to $20M, and when the RWA platform goes live, its price could potentially explode. As such, adding TOKEN to your portfolio could potentially benefit you in the long term.
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