On October 27, TokenFi, a multichain token, was introduced as the newest addition to the Floki ecosystem, garnering significant attention within the cryptocurrency community.
This unique token is now open for trading on Uniswap and PancakeSwap, prominent decentralized exchanges, providing a seamless entry point for investors.
Notably, TokenFi’s presence spans across both the Ethereum and Binance Smart Chain (BSC), offering a diverse range of users the opportunity to engage with this innovative asset.
The launch of TokenFi signifies a major achievement resulting from a community-led proposal within the Floki ecosystem. On October 24th, the Floki community decisively backed the development of a new token aimed at incentivizing staking activities.
An overwhelming 98.51% of the community members expressed their support for this strategic initiative. This resounding mandate underscores the community’s fervent desire for enhanced staking capabilities and underscores their enthusiastic embrace of the comprehensive ‘Project TL’ framework.
“The recent development triggered a substantial surge in Floki’s market capitalization, skyrocketing by an impressive $100 million. This surge propelled the market cap to over $344 million, signifying a remarkable 40% increase in value over the span of just one week.
The launch of TokenFi not only sparked interest but also significantly amplified the demand for Floki, showcasing unprecedented market dynamics and an exceptional surge in interest.”
The token supply and distribution strategy of TokenFi is based on the issuance of 10 billion TOKEN, with 5 billion tokens allocated to the Ethereum network and another 5 billion to the BNB Chain network.
A significant portion, 10% of the total supply, has been made available to facilitate early trading on Uniswap and PancakeSwap.
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