TokenFi platform from the creators of FLOKI launches staking on Ethereum and BNB Chain networks

Yields can be as high as 106% if the coins are locked up for four years

11.12.2023 - 11:27

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3 min

What’s new? TokenFi, a real-world asset (RWA) tokenization platform from the creators of the “dog” meme coin FLOKI, has launched staking native coins TOKEN on Ethereum and BNB Chain. Coins can be locked for a period of 3 to 48 months, with 7% of the 10 billion TOKEN asset offering allocated for rewards to program participants. Since the feature launched, users have staked 245,2 million coins worth $9,7 million.

Source: Twitter.com

What else is known? TokenFi’s staking service offers high yields, and it differs depending on the network. In Ethereum, the returns will be 32,76% / 52,42% / 78,62% / 104,83% if the coins are locked for 3 / 12 / 24 / 48 months respectively. For BNB Chain, the figures are 33,02% / 52,84% / 79,26% / 105,68%. At the moment, the blockchains have approximately the same number of coins locked: 121,8 million in Ethereum and 123,4 million in BNB Chain.

The developers assured that the staking platform is under continuous monitoring by the audited blockchain company CertiK to ensure security. They also warned about the risks of phishing attacks and urged users to stake coins only through the project’s official website.

Since the launch of the staking service, the TOKEN exchange rate has fallen by 16%, with the asset trading at $0,03963905 as of December 11.

In November, TokenFi began using the API of CoinGecko, the largest aggregator of data on the crypto market, and launched its own tool for issuing ERC20 standard tokens via web browsers or a bot in Telegram and Discord.

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

On December 1, TokenFi launched a rewards program with a pool of 5% of the TOKEN offering. Coins are given for tokenizing assets, issuing your own tokens, launching crowdfunding campaigns via launchpad, and inviting friends.

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