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Memecoin

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 <p class="is-style-lead">Memecoin Floki Inu saw considerable gains within a week ahead of a real-world asset (RWA) <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> release built by the project’s developers and a new native asset dubbed TOKEN.</p>
 <p>Users will be able to create cryptocurrencies without technical know-how through Floki’s TokenFi website, according to the team. The <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> designed for tokenized RWAs went live on Oct. 27 around 3 p.m. UTC.&nbsp;</p>
 <p>DWF Labs was announced as the official market maker as the <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> rolled out on five major chains for decentralized finance (DeFi) namely Arbitrum, Base, BNB Chain, Ethereum and opBNB.</p>
 <p>The team announced 10 percent of TOKEN’s initial supply to be spread across Uniswap and Pancakeswap for liquidity pools. Devs mentioned rewards for long-term Floki stakers as well.&nbsp;</p>
 <p>Per the dev team, TokenFi could position itself as an authority in the tokenized RWA space which could grow into a multi-trillion-dollar market with growing institutional interest and blockchain adoption.&nbsp;</p>
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  <p>The tokenization industry is projected to be a $16 trillion industry by the year 2030. BlackRock, the world’s biggest institutional investor with $10 trillion of assets under management, strongly believes in the industry’s potential, which they call “the next evolution in markets”.</p> <cite>Floki devs</cite>
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    <p lang="en" dir="ltr">FLOKI LAUNCHES TOKENFI (with "TOKEN" ticker) TO CAPITALIZE ON THE TRILLION-DOLLAR TOKENIZATION INDUSTRY<br><br>Floki has <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>ed a crypto and asset tokenization <a rel="noopener noreferrer nofollow" title="platform" href="https://thebittimes.com/tag/platform.html">platform</a> named @TokenFi to capitalize on the trillion-dollar tokenization industry.<br><br>The tokenization industry is projected… pic.twitter.com/lCPo1fUDGp</p>— FLOKI (@RealFlokiInu) October 26, 2023
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Floki partners with World Table Tennis to expand user base
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 <p>Floki gained over 13 percent in 24 hours in the run-up to TokenFi’s <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> and more than 95 percent within a week, per CoinMarketCap. The token previously experienced massive price movements after meeting milestones for its 2023 roadmap back in June.</p>
 <p>RWAs on cryptocurrency blockchain have grown to a $800 million market cap as protocols like Pendle, Polymesh, and BNB.WIN hope to simplify otherwise complicated financial investment transactions.&nbsp;</p>
 <p>The underlying thesis pegs a tangible or physical asset like a house to a digital representation of the asset. Users can then interact with this asset on a defi protocol and trade on open markets.</p>
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> K33 Research: Chainlink is best asset that shows growing tokenization for RWA
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/floki-up-13-as-devs-launch-rwa-platform-tbt68119.html">https://thebittimes.com/floki-up-13-as-devs-launch-rwa-platform-tbt68119.html</a></p>

Floki up 13% as devs launch RWA platform

TheBitTimes

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