TokenFi’s white paper serves as a definitive guide, providing a deep understanding of the innovative concepts that drive the future of the project.
Summary
- Floki’s TokenFi platform has been aiming to transform the crypto landscape since its launch on October 27th.
- TokenFi’s WYSIWYG interface enables easy token creation and asset tokenization without any programming knowledge.
- The protocol promises seamless fundraising through the Floki community and connection with exchanges and market makers.
- TokenFi has launched on five networks including Ethereum, BNB Chain, opBNB, Base and Arbitrum, with plans for further expansion.
- TokenFi Token Launcher, QuickLaunch Bot, LaunchPad, Generative AI, AI Smart Contract Auditor, Connect and RWA tokenization module.
- Users can earn $TOKEN rewards on both BNB and ETH chains through TokenFi’s staking program, with better rewards for longer staking periods.
- $TOKEN has a total supply of 10 billion, with initial distribution to staking pools, NFT holders, liquidity pools, treasury, team, user incentives and staking program.
- This system provides 5% of the $TOKEN supply and rewards users for various activities, contributing to platform adoption and deflation goals.
Floki’s TokenFi has captivated enthusiasts and investors since its launch on October 27th. The core of TokenFi’s offering is its native token, $TOKEN, which is now actively traded on multiple centralized exchanges.
According to Floki, TokenFi is a comprehensive tokenization platform that allows users to easily create tokens and tokenize assets. Its simplicity lies in the What You See Is What You Get (WYSIWYG) interface, which requires no programming knowledge.
According to reports, it not only improves liquidity but also makes it easier to connect to exchanges and market makers, which is a major step forward for the entire Floki ecosystem. TokenFi launched on five networks: Ethereum, BNB Chain, opBNB, Base and Arbitrum.
Let’s explore TokenFi’s various offerings and explore the features, vision and potential it offers to reshape the tokenization landscape.
Source: TokenFi Twitter
TokenFi Products
TokenFi token launcher
TokenFi Token Launcher redefines the token creation process and makes it accessible for retail users and those without a developer background. It reportedly takes 1-2 minutes to launch verified ERC-20/ERC-721/ERC-1155 tokens on EVM blockchains – no coding required. With plans to cover all major EVM blockchains in the near future, Floki’s vision extends beyond the original five blockchains.
TokenFi QuickLaunch Bot
TokenFi QuickLaunch Bot allows users to easily create tokens via Telegram and Discord. Simple commands initiate token creation on all top EVM blockchains, providing user convenience at the touch of a button.
TokenFi LaunchPad
TokenFi LaunchPad offers a decentralized fundraising opportunity, initially launching on the ETH, BNB, Base, Arbitrum and opBNB chains. This platform reportedly reduces technical complexity and provides a safe space for token creators to raise funds. Additionally, the FlokiFi Locker integration increases token security and further solidifies LaunchPad as an integral part of the TokenFi ecosystem.
Generative TokenFi AI
TokenFi Generative AI harnesses the power of artificial intelligence to simplify NFT creation. Users can create high-quality artwork for their NFTs on the TokenFi app, eliminating the need for expensive artists.
Source: TokenFi white paper
TokenFi AI Smart Contract Auditor
TokenFi’s smart contracts are audited by security auditor Certik. TokenFi AI Smart Contract Auditor allows users to perform instant audits and generate branded reports for increased trust.
TokenFi Connect
TokenFi Connect enables seamless connections between token creators and key industry players. Market makers, exchanges, funds and influencers become accessible, providing greater liquidity and reach for tokens.
TokenFi RWA tokenization module
Designed for non-secure Real World Assets (RWA), the TokenFi RWA tokenization module provides a fast and efficient way to tokenize tangible assets. By leveraging Chainlink Proof of Reserves (PoR) and Chainlink Cross-Chain Interoperability Protocol (CCIP), TokenFi opens up new possibilities for tokenizing assets beyond the digital realm.
TokenFi deployment
Users can earn $TOKEN rewards by staking their TokenFi tokens through the TokenFi Stake program. TokenFi tokens can be staked on the BNB and ETH chains for three months, one year, two years, and four years. If you bet for a longer period of time, you will earn better rewards.
When the TokenFi token was first launched, 7% of the total $TOKEN supply was allocated to the staking program.
Tokenomics and user incentives
Drive transactions with $TOKEN
At the heart of the TokenFi ecosystem is the primary utility token, $TOKEN. Every transaction within the TokenFi platform is carried out via $TOKEN, with a strategic part of every successful transaction directed towards the purchase and subsequent destruction of $TOKEN.
Unveiling $TOKEN tokenomics and distribution
- Total supply: 10,000,000,000 $TOKEN
- Initial circulating supply: 1,000,000,000 $TOKEN
- Token tax: 0.3% (80% to the Treasury, 20% to the liquidity pool)
First $TOKEN distribution:
- 54%: Floki Staking Pools (earned over four years)
- 2%: Floki NFT holders and Diamond Hands holders
- 10%: Initial liquidity pool on the ETH and BNB chains
- 20%: Floki funding for development and operations
- 2%: Team incentives (vest for four years)
- 5%: TokenFi User Incentive System (earned over four years)
- 7%: TokenFi Staking Program (earned over four years)
Source: TokenFi docs
TokenFi user incentive system
Of particular importance is the TokenFi User Incentives System, which provides 5% of the total $TOKEN supply to accelerate platform adoption. At the current fully diluted valuation of $250 million, the User Incentives Reward is $12.5 million spread over four years.
This system rewards users who engage in various platform activities, including token launches, fundraising, AI Contract Auditor usage, connections via TokenFi Connect, real world asset tokenization, referrals, and institutional engagement.
Points-based user rewards system
The TokenFi user incentive system is based on a points-based model that allows users to earn points through various platform activities. These collected points can then be exchanged directly for tokens within the platform.
TokenFi’s 48-month distribution period reportedly ensures a balanced and sustainable approach to user rewards and is in line with its commitment to avoid rapid token issuance.
$TOKEN is trading at $0.02694, down 8.7% in the last seven days.
$TOKEN 7-day price chart (Source: CoinMarketCap)
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