TokenFi is an innovative platform where users can tokenize real-world assets without knowing any code. With its innovative features and Token Launcher, FLOKI’s market valuation has risen by $100 million. In this blog, let’s delve into the world of TokenFi and see how you can trade TOKEN on India’s most trusted crypto exchange in 2023.

About TokenFi

TokenFi, an integral part of the Floki ecosystem, is revolutionizing crypto and asset tokenization with its user-friendly platform. It allows the seamless creation of crypto tokens and tokenization of Real-World Assets (RWA) without coding or exorbitant costs.

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As a pioneer in the space, TokenFi rewards users staking FLOKI coins with its TOKEN coins through the fully functional Token Launcher. The platform is set to introduce various DeFi solutions while anticipating a groundbreaking feature – the ability to tokenize RWAs, linking tangible assets to the blockchain. This innovation aligns with the booming RWA tokenization industry, projected to surpass trillions of dollars by 2030, positioning TokenFi to enter the global asset tokenization market and streamline the process for users worldwide.

Features of TokenFi

• TokenFi Launcher

The TokenFi Token Launcher allows anyone to create ERC-20 and BEP-20 tokens easily. Users can choose from features like burn fees, buyback liquidity, and treasury wallets. Additionally, the Token Launcher enables the creation of liquidity pools on Decentralized Exchanges (DEXs) to facilitate swapping.

• TokenFi RWA Tokenization Module

TokenFi plans to introduce an RWA Tokenization Module, allowing users to convert non-security Real World Asset (RWA) into a crypto token. This process enables users to establish ownership proof over assets like artwork, collectibles, and even gold on the blockchain.

• TokenFi Launchpad

The TokenFi Launchpad handles the technical aspects of fundraising, allowing project creators to focus on networking and fundraising. While not fully implemented, the TokenFi Launchpad aims to be fully decentralized and provide robust security measures.

• TokenFi AI Smart Contract Auditor

An upcoming feature, the TokenFi AI Smart Contract Auditor, ensures the legitimacy of crypto token launches and asset tokenization. Users can receive instant token audits for their smart contracts, enhancing community trust and preventing misuse of TokenFi’s user-friendly token generation process.

• Referral Program and User Incentives

TokenFi supports the tokenization industry through a referral program. Users who refer others receive additional TOKEN rewards to encourage program adoption. Five percent of the total TOKEN supply is allocated to this referral program.

TokenFi Tokenomics

• Staking Pools (56%): Enables users to stake FLOKI tokens and earn TOKEN rewards.
• Liquidity Pools (10%): Reserved for Ethereum (ETH) and Binance Smart Chain (BNB).
• Treasury (22%): Supports development, operational needs, and various growth-related activities.
• Incentive Program (5%): Encourages adoption of the new protocol.
• New Token Staking Pool (7%): Ensures long-term stability of the platform.

4 Things to Remember Before Choosing a Crypto Exchange in India for TokenFi

You must do thorough research when choosing a crypto exchange to invest or for crypto trading in India. You must research the authenticity of the platform and the credibility of the team behind it before deciding on an exchange to invest in TokenFi in India.

You should also ensure the platform provides the following before investing in TokenFi:

• The exchange’s website/app has a simple user interface and is easy to use.
• The exchange supports TokenFi trading pairs.
• The exchange employs state-of-the-art security measures and does not compromise when it comes to regularly upgrading it. Try to avoid exchanges that do not have a KYC protocol in place.
• The exchange offers reasonable trading fees to buy crypto in India.

Now, let’s see how you can buy TokenFi in India from the most trusted exchanges in India in 2023.

Buying TokenFi (TOKEN) in India in 5 Easy Steps

Below are a few simple steps you can follow to buy the TOKEN token in India with WazirX, India’s most trusted and widely used crypto exchange.

The best way to buy TOKEN cryptos is by depositing INR in your WazirX wallet. Alternatively, you can also buy TOKEN using P2P trade; to get answers to all your queries related to the P2P trade, click here!

Step 1 – Sign-Up on the WazirX platform

To begin buying and selling TOKEN, you are required to create an account on the WazirX platform by signing up. Also, you can directly login if you have an account already on the platform.

For your reference, here’s how you can open an account on WazirX.

Step 2 – Set up your account security by verifying your email address.

This step is about verifying your email address. After you sign up on the WazirX platform, you’ll get a verification link on your registered email. By clicking on that link, you’ll get two options to ensure the security of your account – the authenticator app and mobile SMS.

Note: The authenticator app is a more secure way to stay safe when compared to mobile SMS because there’s a risk of delayed reception or SIM card hacking.

Step 3 – Complete the KYC process.

After choosing your country, you can proceed with completing the KYC process. Click here for a detailed overview.

Note: You must complete your KYC to be able to trade P2P or withdraw funds on the WazirX app.

Step 4 – Add funds to your WazirX wallet.

To add funds, simply go to your account on the WazirX app or web. Click on “Funds” and then on “Deposit INR.”

You can deposit INR using any mode (NEFT/ RTGS/ IMPS).

You can also buy TOKEN through P2P to the WazirX wallet. The TOKEN will act as funds to help you buy your favorite Cryptos.

Step 5 – Finally, buy TOKEN on WazirX.

You can now easily purchase TOKEN tokens using INR Deposits. In the case of P2P trade, check the TOKEN to INR rate from here and TOKEN to USDT from here.

After logging in to your WazirX account, you can choose INR from the “Exchange” tab. You can also check all the price charts, order book data, and an order input form on the right side of the screen.

Click “Buy” after entering the amount and checking the total INR amount to be paid.

Your order will be placed according to the price you have input. And, in the case of P2P trade, a seller willing to sell at a price will be notified, and then you can exchange the tokens using P2P.

It might take a few minutes for the order to be completed, but as soon as it is executed, you will receive the TOKEN Tokens you purchased in your WazirX wallet.

Happy Trading!

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.