One of the most promising uses of
crypto is the tokenization of assets. Tokenization is representing assets as
tokens on a blockchain. However, the standard tokenization process can be long
and expensive. TokenFi (TOKEN) solves this problem.
What is TokenFi?
Floki has been around for a long time
now. They recently came out with a new token called TokenFi. TokenFi aims to give users
all they need to tokenize an asset in
a simple all-in-one platform without writing a single line of code.
In other words, TokenFi is an
all-in-one tokenization platform for launching tokens or tokenizing assets in
just a few clicks using a simple WYSIWYG interface without writing a single
line of code.
Read More: SRC-20 Tokens Within the Bitcoin Blockchain
The TokenFi platform will allow users
a simple crypto token
advanced crypto tokens, (e.g., Burn
functionality. Marketing/treasury fee, buyback and burn, etc.)
funds for your token
with market markers and exchanges for deeper liquidity
with influencers and thought leaders to help get the word out about your token
Real World Assets (RWA) that are not securities.
How Does TokenFi Work?
makes it easy for anyone to launch tokens and smart contracts on EVM chains.
With just a few clicks, you can create and launch ERC-20, ERC-721, or ERC-1155
tokens/smart contracts on the EVM blockchain, without having to write any code.
Here is a step-by-step overview of how TokenFi works:
- The asset owner creates a TokenFi account
and connects their wallet.
- The asset owner uploads information about
the asset they want to tokenize, such as a description, photos, and legal
- TokenFi creates a tokenized version of
the asset on the Ethereum blockchain.
- The asset owner can then sell or
distribute the tokens to investors.
Investors can purchase tokens representing ownership of the asset. The
tokens can be traded on exchanges.
How to Buy TokenFi
One way to buy TokenFi is through a
decentralized exchange (DEX) which supports the blockchain where your TokenFi is.
This guide will show you how to buy
TokenFi by connecting your crypto wallet to a decentralized exchange (DEX) and
using your Binance account to buy the base currency.
Step 1: Download a Trust Wallet
Trust Wallet is one of the most
integrated crypto wallets you can download. On your desktop, download
Chrome and the Chrome extension.
If available, download the app from Google Play or the App Store. Make sure to download the official extension and app from Trust Wallet's website.
Step 2: Set up your trust wallet
Create a crypto wallet account by installing the wallet's Google Chrome extension or mobile app. You can find instructions on the wallet's support page. Be sure to keep your seed phrase safe and write down your wallet address. You will need it later.
Step 3: Buy BNB Chain
After setting up your wallet, log in to
your Binance account and go to the Binance Crypto webpage to buy BNB Chain.
Step 4: Transfer your BNB Chain to your wallet
After purchasing BNB Chain, navigate to
your Binance wallet and locate your BNB Chain holdings. Click “Withdraw” and
complete the required fields.
Select the BNB Chain network, provide your wallet address, and enter the amount you wish to withdraw. Click “Withdraw” and await the arrival of your BNB Chain in your Trust Wallet.
Step 5: Choose a DEX
Before choosing a DEX, check that it
supports the wallet you selected in Step 2. For example, if you use Trust
Wallet, you can trade on PancakeSwap.
Step 6: Connect your wallet
To connect your Trust Wallet to a DEX,
use your wallet address from Step 2.
Step 7: Trade your BNB chain
Use BNB Chain to pay for TokenFi
Step 8: Find a smart contract
If you do not see the coin you want on the
DEX, you can go to https://bscscan.com/ and look up the smart contract
You can then copy and paste it into
Pancake Swap. Be careful not to fall for scams and make sure you have the
correct contract address.
Step 9: Apply the swap
You can now click on the Swap button after
completing the previous steps. Your crypto purchase is now complete, from
choosing where to buy TokenFi to making the purchase!
is a promising cryptocurrency with new
features for investors and blockchain enthusiasts. You can typically find it on
popular cryptocurrency exchanges. Before investing in any cryptocurrency,
conduct thorough research and consider the associated risks.
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