Following Tokenfi’s launch on October 27, the sister token to Floki, the cryptocurrency market has seen a hurricane of action, with Tokenfi encountering an emotional increase in market capitalization. Taking off over the $344 million mark, Tokenfi has accomplished a stunning 90% increase in value over the course of the last month, joined by a great surge in trading volume, which spiked by more than 500% in the last 24 hours.
In just its 3rd week, #Floki's staking program locks 20% of $FLOKI's supply, valued at $72.9 million, for up to 4 years—an all-time high! 🔥
This rapid milestone showcases significant interest in #Floki's utility beyond a #memecoin, setting it apart from $DOGE, $SHIB, and $PEPE.… pic.twitter.com/Z4fMOQMWdK
— FLOKI (@RealFlokiInu) November 13, 2023
$72.9 Million Total Value Locked
One of the champion accomplishments inside the Floki ecosystem is the record-breaking Total Value Locked (TVL) in Floki staking, arriving at another untouched high of $72.9 million. A remarkable $70.7 million worth of Floki tokens have been staked in the #Floki staking campaign inside only three weeks of going live. This records for more than 20% of the total supply, demonstrating huge community participation.
Tokenfi presents an innovative staking model, offering members adaptability with staking periods going from three to 48 months. The staking duration straightforwardly connects with rewards and Annual Percentage Yield (APY), with multipliers that raise in view of the picked duration below.
- 3 months — 1.25x
- 12 months — 2x
- 24 months — 3x
- 48 months — 4x
In spite of a base staking duration of three months, clients have the option to unstake prior, though with a fee. This fee is deducted from the staked Floki tokens and coordinated to a burn wallet, contributing to a deflationary mechanism inside the Floki ecosystem.
A significant part of Tokenfi’s technique includes distributing a significant 56% share of the total Tokenfi supply to Floki NFT holders and qualifiers of the “Diamond Hands” campaign. This initiative aims to upgrade commitment and reward faithful members in the Floki community.
Tokenfi’s availability on PancakeSwap and Uniswap gives clients seamless access to the staking system. The sister token, $TOKEN, has acquired attention, hardening its position as the top ‘hot pair’ on the Dextools app in the midst of late market conditions.
As Tokenfi continues to shape the Floki ecosystem, its special staking model and community-driven initiatives position it as a prominent player in the dynamic scene of decentralized finance. The ongoing achievement and community interest signal a promising future for the Floki and Tokenfi ecosystem.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any meme coins.
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