- TokenFi will have a total of 10 billion in native tokens labeled as TOKEN.
- Floki announced security measures against Sniper bots for the first hour after launch.
Meme coin project Floki [FLOKI] announced launching a crypto and tokenization platform TokenFi in an effort to capitalize on the fast-growing tokenization industry. In a lengthy post on
How much are 1,10,100 FLOKIs worth today?
Say hello to TokenFi!
Notably, TokenFi will have a total of 10 billion native tokens labeled as TOKEN. These tokens are equally distributed and offered in the BNB Chain [BNB] and ether [ETH].
Floki said that almost 10% of the initial offering, or 100 million, would be reserved for trading on popular decentralized exchanges (DEXs), PancakeSwap [CAKE] and Uniswap [UNI]. Trading was scheduled to begin on October 27 at 3:00 PM UTC.
To eliminate the impact of sniper bots, Floki announced safety measures for the first hour after launch. The most notable of these was the 1% limit, which effectively prevented users from purchasing more than 100 million tokens. To provide an extra layer of security, a 20% purchase/sales tax would be charged in the first hour.
Please note that after the first hour, TokenFi would remove the wallet cap and reduce the transaction tax to 5%.
Floki’s vision centered around the fast-growing tokenization sector, which was expected to grow into a $16 trillion industry by 2030. As is known, tokenization involves representing real-world assets such as real estate, commodities and bonds as tokens on a blockchain.
Furthermore, the merging of the real world and the virtual world opens up new investment opportunities that target a diverse group of users.
Realistic or not, here is FLOKI’s market cap in BTC terms
FLOKI bursts into cheers
The launch of TokenFi solidified Floki’s utility-focused approach to adoption, rather than just capitalizing on the meme frenzy like some of his peers. FLOKI has created several products such as NFT-based games, NFT collections, and even a crypto payment card.
FLOKI reacted to the news with a 26.74% jump at press time, data from CoinMarketCap showed. Floki even outperformed other meme coins last month, with a massive 146% gain.
