DWF Labs market maker increases its investments in FLOKI tokens. The asset’s rate rises by 31%
As part of the partnership, the company will become the exclusive market maker of the TokenFi platform
05.12.2023 - 15:17
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What’s new? Market maker DWF Labs additionally bought meme tokens FLOKI worth $1,25 million. This was an over-the-counter transaction, the coins were bought directly from the project’s treasury. As part of the cooperation, which began in May of this year with DWF’s investment of $5 million, the company was selected as the exclusive market maker of the TokenFi platform from FLOKI developers. On the back of this news, the asset’s exchange rate jumped by 31% to $0,00004616, the highest since May this year.
What else is known? TokenFi is a platform for the tokenization of real-world assets (RWA). It was launched in late October. The native asset is TOKEN. The developers think it will become a leader in its segment, with a valuation potentially reaching $16 trillion.
Two weeks after its launch, TokenFi entered into a partnership with the CoinGecko aggregator. Under it, the platform will start using the aggregator’s API to deliver market data while promoting its brand among its audience.
TokenFi later unveiled its tool that allows anyone to create and issue an ERC20 standard token based on the Ethereum blockchain in a few clicks. The tool is available in web browsers and as a bot in Telegram and Discord messengers.
On December 1, TokenFi launched an activity rewards program, with 5% of the total TOKEN offering allocated to it. Rewards can be earned for creating tokens, raising funds for your projects via Launchpad, tokenizing assets, and using other platform features, as well as inviting new users.
DWF also launched two validator nodes on the TON blockchain a day earlier, to which it had previously committed $10 million.
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