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Hello Tribe! 👋
WazirX is back with its latest edition of the “Learn and Earn” campaign in partnership with TOKEN, that’s gonna bring a new era of seamless and affordable tokenization. Participate in the quiz, trade TOKEN, and get a chance to win 150 $TOKEN. Delve into the details, get comprehensive insights about TokenFi, and win exciting rewards! Read till the end to get detailed information.
Let’s get started!
About the campaign
As usual, all you need to do is read the blog carefully and know everything about TokenFi. Then answer 10 super easy questions related to it (get 5 or more questions correct), trade TOKEN on WazirX worth INR 500 minimum, and stand a chance to win 150 $TOKEN.
The newest addition to the Floki ecosystem, the multichain token TokenFi, is creating a lot of buzz in the crypto community. With the help of this user-friendly tokenization platform, TokenFi, users can create crypto tokens and tokenize any type of Real-World Asset (RWA) without investing a lot of money or writing code. TokenFi, a component of the Floki ecosystem, was first developed to give the Floki community access to TOKEN crypto rewards.
Users who stake FLOKI coins are rewarded by the TokenFi platform with TOKEN tokens. TokenFi has one fully functional feature: the Token Launcher, which enables users to quickly and easily generate tokens that resemble FLOKI without knowing any code. In addition, TokenFi will provide a wide range of alternative DeFi solutions that are being developed.
To convert a real-world asset (RWA) into a crypto token via the platform is one of the most highly anticipated features. This has a lot of potential because RWA tokenization lets users link tangible assets to the blockchain. RWA tokenization is a billion-dollar industry with the potential to grow to trillions of dollars by 2030. TokenFi wants to enter the global asset tokenization market and streamline this process.
Working of TokenFi
TokenFi functions with a core objective of simplifying and clarifying the tokenization process, ensuring accessibility and efficiency. Tailored for the tokenization industry, TokenFi focuses on Real World Assets and Launchpad sectors. To enhance liquidity and trading experiences, 10% of the token supply will be introduced to established Decentralized Exchanges (DEXs) like Uniswap and PancakeSwap.
To maintain a balanced ecosystem, TokenFi’s token supply will be evenly split between the BNB Smart Chain and Ethereum chains, each hosting 5 billion tokens. This distribution results in a total supply of 10 billion tokens strategically positioned to optimize the functionality and equilibrium of the TokenFi platform.
Factors that Determine TokenFi’s Price
In the ever-evolving landscape of crypto and blockchain technology, numerous factors contribute to shaping the price of tokens, including TokenFi.
- Supply and demand dynamics are crucial, with increased demand and limited supply driving prices up and decreased demand, with expanding supply leading to declines. This principle is fundamental in the DeFi ecosystem, where liquidity pools, staking, and other mechanisms affect token availability.
- Market sentiment, shaped by news, regulations, and crypto trends, plays a significant role. Positive developments or endorsements within the blockchain sector can boost buying activity, while regulatory challenges or negative publicity can induce selling pressure.
- Additionally, technological advancements and updates to the TokenFi platform impact its price. Successful upgrades enhance user trust and adoption, resulting in price appreciation, while technical glitches or security breaches can erode confidence and lead to price declines.
As with all cryptos, investors should conduct thorough research and stay on top of the trends in the blockchain industry to make well-informed decisions regarding TokenFi.
Features of TokenFi
- TokenFi Launcher
Simplifies ERC-20 and BEP-20 token creation with customizable features and enables liquidity pool creation on DEXs.
- TokenFi RWA Tokenization Module
Converts non-security Real World Assets into crypto tokens, establishing ownership proof for assets like art and gold on the blockchain.
- TokenFi Launchpad
Manages technical aspects of fundraising for projects, aiming for full decentralization and robust security measures.
- TokenFi AI Smart Contract Auditor
Upcoming features ensure the legitimacy of token launches and asset tokenization, providing instant token audits for enhanced community trust.
- Referral Program and User Incentives
Supports the tokenization industry through a referral program, rewarding users with additional TOKEN and allocating 5% of the total supply to incentivize adoption.
About TOKEN Token
The native token of the TokenFi platform is called TOKEN. There are 10 billion tokens distributed equally between Ethereum and the BNB Smart Chain, or 5 billion tokens for each chain. Over the course of four years, FLOKI stakers will get a payout equivalent to 56% of the entire token supply, aiming to promote equitable distribution and encourage participation. Given the robust and dedicated character of the Floki community, this calculated action not only highlights TokenFi’s potential but also seeks to strengthen the FLOKI token’s stability.
How can you earn the reward?
This round of the Learn & Earn contest will give you a chance where you can earn 150 TOKEN as a reward.
Step 1: Answer 10 easy questions related to TOKEN.
Step 2: Trade TOKEN on WazirX worth INR 500 minimum during the campaign period, i.e., 21st November 04:00 PM – 24th November 11:59 PM IST.
Step 3: 500 winners will be chosen randomly and rewarded.
NOTE: You must be a registered user of WazirX and complete the KYC verification process to be eligible for this contest.
About the reward
Every contest should end on a sweeter note, and don’t worry, we have done all the preparations for your WINS! After finishing the quiz, trade TOKEN worth INR 500 minimum; 500 lucky winners will be chosen randomly and will get 150 TOKEN each
Terms & Conditions
- Only KYC-verified users are eligible for a reward.
- Users will need to have/create an account on WazirX to be eligible to claim the reward.
- Rewards are limited and will be distributed randomly. Users are eligible for the reward after completing the quiz and trading $TOKEN worth INR 500 minimum on WazirX during the campaign period, i.e., 21st November 04:00 PM – 24th November 11:59 PM IST.
- Rewards will only be distributed to those random learners who have passed the quiz and traded TOKEN on WazirX.
- Prizes will be distributed by December 15, 2023.
- Rewards are sponsored and distributed by the TOKEN team.
- WazirX has no obligation for payment of any tax in conjunction with the distribution or use of any reward.
- WazirX has the right to reverse the funds if any suspicious activity is detected/suspected without any prior notice.
- Rewards are void if restricted or prohibited by law.
- WazirX reserves the right in its sole discretion to amend or cancel the giveaway rules and announcement at any time and for any reason without prior notice.
Risk Warning: Crypto trading is subject to high market risk. Please ensure that you undertake sufficient risk assessment when trading newly listed tokens, as they are often subject to high price volatility. WazirX will make its best efforts to choose high-quality coins but will not be responsible for your trading losses.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.