- FLOKI token price has surged by 29.01% surge in the last 24 hours.
- The price gain is attributed to the launch of TokenFi, a real-world asset tokenization platform.
- TokenFi empowers users to tokenize real-world assets without coding skills.
In a significant move that is reverberating through the cryptocurrency world, the FLOKI token has experienced a remarkable 29.01% surge in its price over the past 24 hours. This sudden boost in value is directly attributed to the launch of TokenFi, a novel platform dedicated to real-world asset (RWA) tokenization.
TokenFi, introduced by the Floki development team, marks a pivotal shift for the once-meme coin project, positioning it as a formidable contender in the decentralized finance (DeFi) ecosystem.
Revolutionizing RWA tokenization using TokenFi
TokenFi is designed to facilitate the tokenization of real-world assets without requiring users to possess coding skills.
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
This groundbreaking platform empowers users to launch various cryptocurrencies and raises funds from the Floki community. Furthermore, it establishes connections with exchanges and market makers to ensure liquidity while offering the opportunity to create tokens representing real-world assets that are not classified as securities.
The cryptocurrency industry is now on the precipice of a vast opportunity. As developers envision, the tokenization industry is projected to reach a staggering $16 trillion by the year 2030. Indeed, even major institutional investors like BlackRock, managing assets worth $10 trillion, have shown unwavering belief in the potential of this industry, dubbing it “the next evolution in markets.”
Real-world asset tokenization a trillion-dollar opportunity
Real-world asset (RWA) tokenization refers to the digitization of physical assets such as real estate or vehicles, making them accessible within the realm of decentralized finance (DeFi) applications. Industry analysts have aptly labelled this as a “trillion-dollar opportunity” due to its potential to democratize global asset trading and investment, previously constrained by complex regulatory and financial laws.
TokenFi’s deployment will commence on five prominent blockchain networks, including Ethereum, BNB Chain, opBNB, Base, and Arbitrum. With plans for further expansion, this platform aims to attract users with incentives for protocol usage, creating a self-sustaining ecosystem.
FLOKI token staking
For FLOKI token holders, there’s an added incentive. Users can earn the reward token, TOKEN, by staking their FLOKI tokens for durations ranging from 3 months to 4 years. This mechanism is expected to reduce the circulating supply of FLOKI tokens and increase their intrinsic value, thereby further contributing to the ecosystem’s growth.
TokenFi’s ambitious mission to capitalize on the booming RWA tokenization market signifies the increasing prominence of blockchain technology in reshaping global finance.
The post FLOKI launches real-world asset tokenization platform TokenFi, token surges 29.01% appeared first on CoinJournal.
