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TOKEN has experienced a notable 10% price surge within the last 24 hours, reaching $0.033, with its market capitalization impressively standing at $33.86 million.
After a successful DAO vote, Floki introduced its sister token, TokenFi, in late October . TokenFi marks a significant advancement for the Floki ecosystem, offering the prospect of effortless fundraising within the Floki community.
Additionally, it opens up opportunities to collaborate with exchanges and market makers, enhancing liquidity for the ecosystem. The introduction of TokenFi, Floki’s latest venture, has drawn considerable interest from both enthusiasts and investors.
It carries significant implications for the billion-dollar tokenization industry by centering on the real-world asset tokenization process. TokenFi has the potential to bridge the gap between the blockchain industry and tangible real-world assets.
The Next Frontier of Tokenization – Seamless Creation, Real-World Integration, and Decentralized Launching
TokenFi empowers users to create and manage their own crypto tokens with ease, providing generous rewards for staking $FLOKI coins and a user-friendly Token Launcher that requires no coding knowledge.
TokenFi’s vision extends beyond token creation, encompassing real-world asset tokenization and a fully decentralized TokenFi Launchpad. With plans to introduce an RWA Tokenization Module, users will gain the ability to transform real-world assets like artwork, collectibles, and even gold into tradable crypto tokens.
The upcoming TokenFi Launchpad will revolutionize fundraising for crypto projects, ensuring transparency and security through robust measures and on-the-spot smart contract audits.
TokenFi’s commitment to the tokenization industry is further demonstrated by its generous referral program, rewarding users with $TOKEN coins for expanding the platform’s reach.
Watch the video above for the complete TokenFi update, and follow his YouTube channel for more crypto-related videos. Jacob Crypto Bury also runs a Discord channel with 17,000 members, where users can get trading tips and learn about upcoming crypto presales.
Bitget Delists TokenFi Following Allegations of Market Manipulation and Unauthorized Listing
A heated dispute has erupted in the cryptocurrency community involving Floki Inu and Bitget, a crypto exchange. Bitget listed TokenFi, accusing them of market manipulation, unauthorized listing, and insufficient funds.
Following TokenFi’s listing, significant price swings occurred, raising suspicions of market manipulation. Floki Inu accused Bitget of engaging in deceptive trading practices, resulting in financial losses for users.
SETTING THE RECORDS STRAIGHT ABOUT THE UNAUTHORIZED BITGET $TOKEN LISTING
On October 18, 2023, we put up a DAO proposal to launch the Floki staking program and a reward token that will target a trillion-dollar industry with strong potential. While we didn’t mention it in the DAO… pic.twitter.com/JGnlKmR0lo
— FLOKI (@RealFlokiInu) October 31, 2023
Withdrawal difficulties with $TOKEN and an unsatisfactory response from Bitget added to the complexities. Discussions uncovered Bitget’s need for around 1 billion TokenFi tokens to cover their financial shortfall.
Floki Inu expressed dissatisfaction with Bitget’s conduct, claiming a lack of transparency and criticizing their attempt to address the situation through a significantly discounted over-the-counter deal.
The cryptocurrency community is anxiously anticipating additional details and a resolution concerning the allegations and their implications for users affected by the dispute. Floki Inu has advised users against trading or holding $FLOKI on Bitget, expressing concerns about the handling of the TokenFi incident.
Choosing the right cryptocurrency exchange is a crucial aspect of trading. As trading cryptocurrencies inherently involves putting your capital at risk, refer to our guide highlighting the top ten cryptocurrency exchanges here.
TokenFi Strengthens Institutional Standing with Strategic Partnerships
TokenFi has strategically partnered with DWF Labs, a digital asset market maker and Web3 investment firm, driven by DWF Labs’ strong belief in the vast potential of the trillion-dollar tokenization market within the Floki Ecosystem.
In this collaboration, DWF Labs becomes TokenFi’s primary liquidity provider, enhancing token liquidity and facilitating demand for those exploring TokenFi and $TOKEN. Additionally, DWF Labs takes on a pivotal role in TokenFi Connect, solidifying its commitment to TokenFi’s success and strengthening the platform’s institutional standing.
TokenFi, enabling code-free token and asset tokenization, offers incentives for users launching tokens or tokenizing assets, with rewards allocated based on daily activity. The protocol’s initial launch spans five leading blockchains, expanding to more in the future.
DWF Labs’ partnership aims to accelerate TokenFi’s adoption within institutional circles, leveraging its extensive network and connections, with future interest in purchasing TokenFi tokens. Furthermore, TokenFi has formed another strategic partnership with Kairon Labs, a prominent market maker and advisory firm for digital asset issuers.
With a strong track record in enhancing token liquidity, Kairon Labs will be integrated into TokenFi Connect, providing token issuers easy access to key institutional players, including exchanges, market makers, crypto funds, and thought leaders.
This partnership is a significant move as TokenFi aims to navigate the burgeoning tokenization industry, projected to reach $16 trillion by 2030. Although it may seem more straightforward to rely on already popular and well-established coins, numerous new crypto projects also exhibit significant growth potential.
See our guide to discover the top cryptocurrencies poised for growth in 2023, and familiarize yourself with key factors to consider when choosing the next crypto with substantial potential.
TokenFi’s Strategic Roadmap Drives Tokenization Adoption and Utility Token Value
TokenFi aims to establish itself as the leading platform in the rapidly expanding tokenization industry, projected to reach a value of $16 trillion in the coming years. TokenFi’s strategy involves a relentless focus on innovation and strategic adoption initiatives to ensure the widespread use of the solutions being developed.
With a focus on a strong retail-oriented approach, millions of users are expected to adopt these solutions as the tokenization trend gains momentum. Central to this plan is the utilization of $TOKEN as the primary utility token for each product outlined in the roadmap.
With every successful transaction, $TOKEN will be purchased and burned, creating a potential net deflationary effect as TokenFi’s platform adoption increases. The Q4 2023 development focus includes the release of the TokenFi Whitepaper, the TokenFi Token Launcher and QuickLaunch Bot on testnet, followed by their mainnet release.
Additionally, a TokenFi Staking Program, Launchpad MVP, and expansion of the Token Launcher to more EVM chains are planned. Moving into 2024, TokenFi plans to release Generative AI for NFTs, an AI Smart Contract Auditor, TokenFi Connect, and the RWA Tokenization Module.
Specific launch dates are not provided to maintain flexibility, but the roadmap highlights that certain product releases are on the horizon. Marketing events, though not specified, are strategically planned and will be unveiled at key times.
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