April 04 What is TokenFi (TOKEN)?
In code
TokenFi is emerging as a leading integrated tokenization platform that aims to simplify asset creation and tokenization for a broad audience. With an easy-to-use what-you-see-is-what-you-get (WYSIWYG) interface, TokenFi democratizes access to token creation, enabling users with no programming experience to create tokens in minutes. This innovative approach addresses a significant barrier in the cryptocurrency space by offering a streamlined process for launching cryptocurrency tokens and tokenizing real-world assets (RWA), thus tapping into the booming tokenization market expected to reach $16 trillion by 2030.
TOKEN is at the heart of the TokenFi ecosystem, serving as the main utility token that supports a range of products designed to facilitate different aspects of the tokenization journey. These tools include TokenFi Token Launcher for creating cryptocurrency tokens, TokenFi QuickLaunch Bot for creating mobile tokens across Telegram and Discord, TokenFi Launchpad for decentralized fundraising, and several AI-driven tools such as TokenFi Geneative AI for creating NFT artworks and TokenFi AI Smart Contract Auditor. For security. Each product is intricately designed to remove technical complexities, making the coding process accessible to a wider audience.
TokenFi's strategic direction is underlined by its association with the Floki project and its management through the Floki DAO, leveraging the expertise that has propelled the Floki token to global recognition. The platform's ambition to revolutionize the tokenization industry is supported by a robust technical and operational framework, ensuring that users can easily create, review and launch tokens and RWAs with confidence. By aligning with important partners like Chainlink for the RWA tokenization module, TokenFi lays the foundation for secure and versatile tokenization solutions.
TokenFi's initiative to enhance user engagement and adoption through a comprehensive user incentive system highlights its commitment to creating a dominant position in the tokenization market. This system rewards platform activities with $TOKEN, aligning user engagement as the platform grows and facilities improve. As TokenFi moves towards its goal of industry leadership, its innovative platform, strategic partnerships, and incentive strategies position it as a formidable force in the evolution of digital assets and tokenization.
What is a token?
TOKEN is the central utility token of the TokenFi platform, an innovative all-in-one solution designed to simplify the process of creating tokens and tokenizing RWAs without the need for complex coding. It operates within the thriving coding industry, and is expected to grow significantly in the coming years. By leveraging a simple, easy-to-use interface, TokenFi opens the door for individuals and businesses alike to participate in the token economy, with the goal of making token creation as straightforward as creating a website.
Within the TokenFi ecosystem, TOKEN serves several important functions that facilitate and enhance user experiences across different aspects of tokenization and asset management. It is used as the main medium of exchange to access TokenFi's suite of products, including Token Launcher, QuickLaunch Bot, Launchpad, Generative AI, AI Smart Contract Auditor, Connect, and the RWA tokenization module. This broad set of tools covers the entire token creation lifecycle, from initial design and launch to securing investments and ensuring regulatory compliance.
One of the key features of TOKEN is its integration with TokenFi Token Launcher, which allows users to create different types of standard ERC tokens on multiple EVM-compatible blockchains. This feature democratizes access to token creation, removing barriers for those without technical expertise. Likewise, QuickLaunch Bot facilitates the creation of tokens across popular social media platforms like Telegram and Discord, tapping into a broad user base and promoting broader adoption. Additionally, TOKEN is vital for activities on the TokenFi Launchpad, where users can raise funds in a decentralized manner, and for accessing AI-driven tools that simplify and secure the tokenization process.
TOKEN supports the incentive and governance mechanisms in the TokenFi ecosystem. It allows users to participate in the platform's decision-making processes and contribute to the development and improvement of services. The TokenFi Stake Program and user incentive system are designed to reward participation and use of the platform, ensuring a lively and active community. Through these diverse use cases, TOKEN not only powers the TokenFi platform, but also plays a pivotal role in the development of the tokenization industry, making it accessible and secure to a global audience.
TokenFi Tokenomics
Token supply:
Total supply = $10,000,000,000 token.
Initial circulating supply = $1,000,000,000 TOKEN.
Token tax = 0.3%. 80% of it goes to the treasury and 20% to the liquidity pool.
Initial distribution of $TOKEN token:
54% of the supply is allocated to Floki storage parks – which will be acquired over four years.
2% is reserved for Floki NFT holders and Diamond Hands holders.
The initial liquidity pool is allocated 10% on the ETH and BNB chains.
20% is allocated to Floki treasury for development and operations.
2% is allocated as incentives to the team and is granted for a period of four years.
5% is allocated to the TokenFi User Incentive Scheme to boost TokenFi adoption – to be earned over four years.
7% is allocated to the TokenFi staking program – to be earned over four years.
How to buy TOKEN with cryptocurrencies
1. Log in to your Bitfinex account or register to create an account.
2. Go to the deposit page.
3. In the Cryptocurrencies section, choose the cryptocurrency you plan to buy TOKEN with and create an Exchange wallet deposit address.
4. Send the crypto to the generated deposit address.
5. Once the funds arrive in your wallet, you can exchange them for the token. Learn how to trade on Bitfinex here.
How to buy token with fiat currency
1. Log in to your Bitfinex account or register to create an account.
2. You need to get full verification to be able to deposit fiat currencies into your Bitfinex account. Learn about the different verification levels here.
3. On the Deposit page, under the Bank Wire menu, choose the fiat currency for your deposit. There are minimum fiat deposits on Bitfinex; Learn more here.
4. Check your registered Bitfinex email to get the transfer details.
5. Send money.
6. Once the funds arrive in your wallet, you can use them to purchase the token.
We also have Bitfinex on mobile, so you can easily buy TOKEN on the go.
[AppStore] [Google Play]
Token community channels
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