FLOKI, a cryptocurrency project that started as a meme coin, has announced the launch of TokenFi, a platform that allows users to tokenize real-world assets (RWA) without coding skills. TokenFi aims to capitalize on the booming RWA tokenization industry, which is projected to reach $16 trillion by 2030.
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… pic.twitter.com/lCPo1fUDGp
— FLOKI (@RealFlokiInu) October 26, 2023
TokenFi enables users to create tokens representing physical assets such as real estate or vehicles and access them within the decentralized finance (DeFi) ecosystem. This can democratize global asset trading and investment, which are currently limited by complex regulations and financial barriers.
TokenFi also allows users to launch their own cryptocurrencies and raise funds from the Floki community. The platform connects users with exchanges and market makers to ensure liquidity for their tokens. Additionally, TokenFi offers incentives for protocol usage, such as rewarding users with the native token, TOKEN, for staking their FLOKI tokens.
TokenFi is deployed on five prominent blockchain networks: Ethereum, BNB Chain, opBNB, Base, and Arbitrum. The platform plans to expand to more networks in the future, attracting more users and enhancing interoperability.
FLOKI’s TokenFi Arrives Today
TokenFi is set to start trading at 3 P.M. UTC on Friday. The launch will take place on the Ethereum and BNB Chain networks. At the outset, the cryptocurrency will have a fully diluted market capitalization of $500,000.
The supply of TokenFi will be equally divided between the BSC and ETH chains. Specifically, there will be 5 billion tokens allocated to the BNB Chain and another 5 billion tokens designated for Ethereum. This results in a combined total of 10 billion tokens.
The launch of TokenFi has boosted the price of FLOKI tokens by 29.01% in the last 24 hours, according to CoinMarketCap. The token has also gained popularity among crypto enthusiasts and celebrities, such as Elon Musk, who named his dog Floki.
Floki’s development team stated that TokenFi is a groundbreaking platform that will transform the fields of electricity and electronics. They also expressed their vision to become a leader in the RWA tokenization market, which they believe is the next evolution in markets.