A new memecoin has been emerged from the founders of Floki. After Pepe and Shiba Inu, this coin has been hyped recently. We can’t answer if TokenFi is a good investment, but we can help how to buy TokenFi.
TokenFi was initially only available at Pancakeswap and Uniswap, but is now available at major exchanges as Bybit, MEXC, BingX and KuCoin.
The listing by major exchanges can be a green flag, but keep in mind that the token is created by a memecoin company. Investing in TokenFi is therefore risky.
Do your own research before investing in TOKEN. There is a lot of hype surrounding these tokens, so never invest more than you can afford to lose. You can lose your entire investment by investing in this token.
How to buy TokenFi
We use Bybit for trading, so this tutorial is based on the Bybit exchange. Bybit is easier to use than for example Uniswap.
- Make sure Bybit. Bybit now offers $40 for new users.
- Log in and make sure you have crypto or fiat in your account.
- To start trading TokenFi (TOKEN) you have to own USDT. Convert your crypto or fiat to USDT.
- Go to the TOKEN/USDT market.
- Enter the amount of USDT you want to invest (under Order Value).
- Click Buy TOKEN.
If you chose a limit order, your order will be processed when the price hit your selected order price. When you chose a market order, you order will be executed immediately.
Your TokenFi tokens will be added immediately to you wallet. Keep watching the market, since the price can be very volatile for memecoins.
How to sell TokenFi
There will come a time when you want to sell your TokenFi again, you can do this also with Bybit. Select the same market (TOKEN/USDT), but choose Sell TOKEN. Enter how TOKEN you want to sell and you see immediately how much USDT you will receive.
📣 $TOKEN is officially listed on #BybitSpot now! @tokenfi
— Bybit (@Bybit_Official) November 3, 2023
Withdrawals available 24 hours later.
Deposit, trade, or stake to earn a share of the 16,800,000 TOKEN prize pool!
👉Join Event: https://t.co/HduxX0WR6y
📈Trade Now: https://t.co/8IA0IXx2VF#BybitTrading #BybitListing pic.twitter.com/fXce05eM1H
What is TokenFi?
TokenFi made its debut on October 27, marking its presence on two of the most popular decentralized exchanges, Uniswap and PancakeSwap. This multi-chain token, designed for both Ethereum and Binance Smart Chain (BSC), quickly became a topic of discussion in the crypto community.
The Floki community’s overwhelming support for TokenFi was clear when a proposal introducing a new token to reward staking activities was approved by a staggering 98.51%. This strategic move was in response to the community’s demand for enhanced staking features. The subsequent launch of TokenFi led to a remarkable surge in Floki’s market capitalization, crossing the $100 million mark.
TokenFi’s Vision
TokenFi is a platform that give power to individuals to launch their cryptocurrencies without the need for coding expertise. It promises its users seamless fundraising opportunities from the Floki community and the potential to connect with exchanges and market makers for enhanced liquidity.
TokenFi’s ambition aims to be at the forefront of the global asset tokenization market. With projections indicating that the tokenization industry could be worth $16 trillion by 2030, TokenFi is positioning itself to be a significant player in this domain. The platform’s initial launch on five major networks, including Ethereum and BNB Chain, is a testament to its expansive vision.
TokenFi’s token supply is set at 10 billion TOKEN, with an equal distribution between Ethereum and BNB Chain. To counter the prevalent issue of sniping in the crypto world, TokenFi has implemented measures like a cap on individual wallets during the initial trading hour and a tax levy for transactions within the launch hour.
TokenFi staking
TokenFi’s staking program is designed to be lucrative for its participants. Those staking FLOKI tokens can avail substantial rewards, with the allocation set at 56% of the total TokenFi supply. The program offers flexibility in staking duration, ranging from 3 to 48 months, with corresponding multipliers to maximize rewards. However, early unstaking comes with penalty fees, ensuring commitment from participants.
When you buy TokenFi at Bybit, you can also use this platform to stake your TokenFi tokens. Same goes for MEXC.
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