Bitget recreates the myth of wealth? Understand the hundredfold project TokenFi in one article
From PEPE to SUI futures, to TOKEN and the upcoming TIA, T2T2, almost every popular project has the shadow of Bitget.Author: Luojia Micro
TOKEN: The New King of Hundredfold Coins
At 23:00 on October 27, the Bitget platform launched the TOKEN token, which rose from an opening price of 0.00005 to a peak of 0.009 within half an hour, an increase of about 170 times.
As of the time of the screenshot, it still maintained over 100 times the increase, with an on-chain and Bitget price difference of about 20%. Let's review this crazy night.
First, on October 26, Floki's official Twitter announced related information, stating that a new sister token would be launched on the 27th.
With the news fermenting and the arrival of the 27th, FLOKI itself also began to rise continuously. The only significant increase comparable to the news of Memeland launching on Binance was the massive rise of Tokenfi.
TOKEN officially launched at 23:00 with limited attention, showcasing extraordinary potential in the first 15 minutes, with an increase of over 50 times.
As of now, there are over 10,000 holding addresses on two chains, and the trading volume on DEX exceeds $18 million.
In the first hour after the launch, due to high on-chain taxes, most people chose to deposit into Bitget for trading, as only Bitget seized the hot topic at that time.
Compared to on-chain fees, trading on the exchange is much more straightforward, with one-click trading, ignoring slippage and tax fees.
As the increase continued to climb, coupled with the Memeland leak incident, all the focus shifted to $TOKEN.
Tokenfi's overnight fame benefited not only from Floki's community foundation but also from the violent rise on Bitget.
FLOKI: The Experienced Operator
TokenFi is an asset tokenization platform launched by Floki, aimed at promoting the tokenization process in the market. It can be understood as a broad RWA project, helping assets to be tokenized.
With an initial issuance price of 0.00005, it has already achieved a market value of over $8 million after one night.
TOKEN is the project token of TokenFi, and here is the economic model:
Total Supply: 10 billion tokens, with 5 billion on BSC and 5 billion on ETH
Acquisition Method: Stake FLOKI
Initial Circulating Market Value: $25,000 on each chain, diluted market value of $500,000
Contract Address: (BSC and ETH contract addresses are the same) 0xB78dE97e8A5b9Fb9b584f3aA3f7F6EF73D7EB528
Application Scenarios:
- Asset Tokenization
- Staking FLOKI Rewards
Initial Special Mechanism:
- During the first hour of release, each address has a holding limit of 1% of the total supply, i.e., 100 million tokens.
- Transactions within the first hour will incur a tax fee of 20%.
- After one hour, the wallet limit will be lifted, and the tax fee will be reduced to 5%, remaining for one week. Subsequent tax fees will be decided by the Floki DAO community.
Boston Consulting Group previously predicted that by 2030, the tokenization industry will become a $16 trillion industry, and Tokenfi is focused on this sector. It has also announced DWF Labs as the main institutional partner and market maker for TokenFi, as well as establishing a strategic partnership with the World Table Tennis Association.
Overall, the narrative of Tokenfi is actually less than its current hype; the tokenization market is vast, but how to effectively capture the market may still be a question, and maintaining a certain level of attention is more important.
Bitget: The First Stop for Quality Projects
Of course, TOKEN not only sparked positive enthusiasm for the market but also attracted curiosity about Bitget, how it seized the hot tokens.
Fast project launches and numerous hot projects are the impressions most people have of Bitget. Of course, from another perspective, a hot project is not necessarily a good project, but a good project will definitely generate heat.
Bitget provides retail investors with very good operational space in discovering hot projects; having good project trades and price increases is the best user experience for retail investors, and it embodies the most fundamental user-first principle.
According to statistics, this is indeed the case; from PEPE to SUI futures, and then to TOKEN and the upcoming TIA, T2T2, almost every hot project has Bitget's shadow.
The success of TOKEN not only verifies that the market is still hot but also demonstrates Bitget's professional insight in discovering and recommending projects. Users can learn about quality projects like TOKEN in a timely manner through Bitget and seize investment opportunities before the project value rises. Bitget is rightly called the first stop for quality projects.
For the current on-chain infrastructure, whether it is wallets, cross-chain, or trading liquidity, centralized exchanges offer a better experience. For those who are not keen on tinkering, centralized exchanges may be a better choice.
In addition, during the long bear market of 2023, wealth opportunities have been scarce, and CEX's Launchpad and MEME are almost the only two diamond opportunities. From the data, it can also be seen that during each Launchpad, there are multiple opportunities for the launched projects and BGB itself.
The latest T2T2 is currently active, and perhaps the overnight fame of Tokenfi can add fuel to the fire.
