FLOKI LAUNCHES TOKENFI (with “TOKEN” ticker) TO CAPITALIZE ON THE TRILLION-DOLLAR TOKENIZATION INDUSTRY
Floki has launched a crypto and asset tokenization platform named TokenFi to capitalize on the trillion-dollar tokenization industry.
The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world’s biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry’s potential, which they call “the next evolution in markets”.
TokenFi, with the ticker TOKEN, aims to simplify the crypto and asset tokenization process and eventually become the foremost tokenization platform in the world.
We will unveil the platform website on the 27th of October, and you can finally see what we’ve got planned, but for now, you can find the token details below.
TOKENFI TOKEN DETAILS:
- Token name: TokenFi
- Token Ticker: TOKEN
- Total supply: 10 billion tokens split across BSC and ETH (5 billion tokens on each chain).
- Launch market cap: $50,000 circulating and $500,000 diluted market cap.
- Industry targeted: Tokenization, Real World Assets, Launchpad.
An initial 10% token supply will be added to Liquidity Pools on Uniswap and PancakeSwap to provide public liquidity and allow interested parties to trade.
TRADING WILL COMMENCE ON UNISWAP AND PANCAKESWAP BY 3PM UTC ON OCTOBER, 27 2023.
- BSC contract address: 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528
- ETH contract address: 0x4507cEf57C46789eF8d1a19EA45f4216bae2B528
(NOTE: The contract address is the same on both the BSC and ETH chains).
FLOKI stakers will earn 56% of the supply over a period of 4 years.
The Floki community is known for being diamond-handed, and with TokenFi being in an industry with MASSIVE potential, FLOKI holders are the best candidates to receive the majority of TokenFi tokens. Since they would be staking their FLOKI tokens to get the new token, this will also ensure stability for the FLOKI token!
TokenFi supply will be split evenly between the BSC and ETH chains:
In other words, there will be 5 billion tokens on BSC and 5 billion tokens on ETH, to make for a combined total of 10 billion tokens.
5% of the supply will be paired with LP on BSC and the other 5% on ETH. This will make the starting circulating market cap on BSC a $25k market cap and on ETH a $25k market cap to make a combined initial circulating market cap of $50k and an initial fully diluted market cap of $500k (which will be gradually released to FLOKI stakers over a four year period).
IMPORTANT INFORMATION FOR THE FIRST HOUR OF LAUNCH
We understand that with this being a Floki token, there is a lot of hype. As a result, we have put measures in place to limit the impact of snipers on the token:
Specifically, there will be a 1% wallet cap (of total supply) within the first hour of launch. That means no individual wallet can buy more than 100 million tokens within the first hour of the token becoming tradable.
In addition, there will be an initial buy/sell transaction tax of 20% within the first hour. This transaction tax will do two things: 1) potentially limit the impact of snipers and 2) ensure a significant portion of whatever snipers/early buyers spend goes to the Floki treasury, which can be used for growth and development efforts.
After the first hour, the wallet cap will be removed, and the transaction tax will be lowered to 5%.
This 5% tax will remain in place for a week, after which the Floki DAO will vote on whether or not to remove or reduce it. We have instructed our exchange partners not to list TokenFi until this DAO vote.
OUR PLAN FOR TOKENFI
TokenFi is a well-thought-out concept that we have a strong capability to deliver on!
We will unveil our roadmap with the launch of the TokenFi website on the 27th of October, 2023. However, we assure you that several TokenFi products are in advanced development on testnet and are due to go live in Q4 2023.
In addition, we are working with some of the biggest names in the industry — especially from an institutional perspective — to make TokenFi a success, and they are quite excited about the concept and its potential.
In our original DAO proposal, we already announced DWF Labs as our main institutional partner and market maker for TokenFi. We also announced a strategic partnership with World Table Tennis that will introduce TokenFi to a massive audience of 120 million people.
We will announce many more partners in the coming weeks and months, and I’m sure that when you see the moves we have made, you will see why there is no better person to execute this vision than Floki!
THE FLOKI STAKING PROGRAM
While the TokenFi token will launch by 3 pm UTC tomorrow October 27, 2023, the Floki staking program will launch a few hours after the TokenFi launch.
You can stake your $FLOKI tokens to earn $TOKEN (TokenFi) a few hours after the TokenFi token becomes tradable.
We will communicate on our official channels once staking is live!
We would NEVER DM you, add you to a group, or post about our staking program on unofficial channels. There are A LOT of scammers trying to take advantage of unsuspecting users.
So please be careful and stay safe!