In a bid to seize the emerging tokenization trend, Floki, the popular cryptocurrency and meme coin, is set to launch TokenFi, aptly tickered as “TOKEN.”
The tokenization industry is making waves, projected to balloon into a staggering $16 trillion sector by 2030. This radical transformation has garnered acclaim even from financial giant BlackRock, which manages a colossal $10 trillion in assets, labeling it “the next evolution in markets.”
With crypto exchanges, institutional investors, and industry leaders predicting tokenization as the catalyst for mainstream crypto adoption, anticipation is soaring, especially as 2024 approaches. Leading exchanges like Binance and KuCoin have already published research reports, recognizing the immense potential.
While the tokenization realm remains relatively untapped by cryptocurrencies, the well-versed Floki team is gearing up to change that. They’ve introduced this groundbreaking venture in their Play-to-earn Gaming metaverse, creating a world-first announcement, reminiscent of their historic $100 million token burn event earlier this year.
The Floki team, known for their meteoric rise in the crypto sphere, managed the popular Floki cryptocurrency, which reached an all-time high market cap of $3.5 billion in 2021, showcasing a remarkable 875x growth.
TokenFi represents Floki’s first endeavor into launching a new cryptocurrency, and given their industry connections and past successes, their latest project is poised for triumph.
The launch date for TokenFi is set for October 27, 2023.
Here’s what sets Floki’s new token apart and why it’s garnering considerable attention:
1. Capitalizing on a $16 Trillion Industry: TokenFi is a crypto and asset tokenization platform geared towards a projected $16 trillion industry by 2030.
2. Real-World Integration: The token aims to bridge real-world assets with blockchain technology.
3. Astonishing Market Cap: At launch, the token boasts a meager circulating market cap of $50,000 and a fully diluted market cap of $500,000.
4. Proven Team: The Floki team’s extensive experience and impressive track record are instrumental to TokenFi’s success.
5. Institutional Backing: DWF Labs, a prominent crypto market maker and institutional investor, is among the notable institutions partnering with Floki, further enhancing the token’s legitimacy.
6. Prominent Exchange Listings: Several leading exchanges have committed to listing TokenFi post-launch.
With over 460,000 holders, Floki boasts one of the most engaged and active crypto communities. These fervent supporters are poised to drive the success of the new token.
This marks the first time the Floki team is launching a cryptocurrency post-Floki’s successful journey, and it’s their way of rewarding existing FLOKI holders.
Unlike most crypto projects, which allocate up to 25% of the token supply to their team with minimal vesting, Floki’s team has allocated a mere 2%, with a four-year vesting schedule. This underscores their confidence in the project’s long-term sustainability.
Floki has also secured a partnership with World Table Tennis, a renowned sports brand, which is set to introduce TokenFi to a vast audience of 120 million people worldwide. This is just one of many planned partnerships for the project.
For a glimpse of Floki’s marketing prowess, consider their past partnerships:
– Collaboration with nine of the world’s largest football clubs, collectively reaching over 3 billion people.
– Partnership with Alfa Romeo Formula 1, boasting an audience of 1.55 billion people.
– Team-up with Indian cricket team India Maharajas, introducing the brand to more than 700 million people.
– Partnership with WTT Table Tennis, reaching 700 million people.
– Extensive advertising campaigns featuring Floki on over 300 London buses and across the London Underground.
– Billboard, airport, TV station, bus, and tram advertisements in over a dozen countries worldwide.
Combined, these partnerships introduced Floki to over 3 billion people, contributing to its status as one of the most popular cryptocurrencies globally, with an all-time high market cap of $3.5 billion during the previous bull market.
Floki seems poised to repeat this feat with TokenFi, driven by the colossal potential of the tokenization industry.
With the launch date nearing, the crypto world awaits the potential disruption and innovation TokenFi may bring to the ever-expanding tokenization landscape.