- Floki’s decentralized finance platform TokenFi now comprises 2T locked $FLOKI.
- Crypto giant Binance powers up FLOKI staking with three plans up to 35.9% APY.
- Binance Smart Chain (BSC) native memecoin FLOKI soars 16.2% amid the news.
The Viking dog-themed meme currency Floki (FLOKI) is making waves in the decentralized finance world with 2 trillion $FLOKI tokens, valued at $72M, staked on the freshly released staking platform TokenFi. Currently, these staking activities encompass 20% of the circulation, setting a new all-time high.
The entrance into tokenized real-world assets for Floki comes with a dual token system. To illustrate, crypto investors who commit to the new staking platform can earn up to 101.8% APY, while staking rewards are paid out in the sister crypto TokenFi (TOKEN). Priced at $0.0323, this newcomer token enjoyed 81.3% gains in the last two weeks.
Binance Boosts Floki’s Yield Options
The expanding yield options for the Viking dog-embossed Floki (FLOKI) enrich the meme coin’s utility as a long-term investment. To illustrate, the leading crypto exchange Binance introduced a $FLOKI staking program on the Binance Smart Chain (BSC) based in three different subscriptions:
- 30 days locked subscription with 27.9% APY
- 60 days locked subscription with 29.9% APY
- 120 days locked subscription with 35.9% APY
However, the first two options are labeled as ‘sold out’, while the remaining 35.9% annual percentage yield (APY) offers a slightly more profitable staking plan than TokenFi’s 31.81% for three months. Regardless, the three-month plan offered by the official platform is more than what other centralized exchanges (CEXs) offer at the present time. For example, LBank also launched $FLOKI staking at 15% APY in the same timeframe.
What Is FLOKI Up To Next?
With over 460,000 crypto holders, Floki is staying ahead of the game with the entrance to the Real-World Assets (RWA) market. Besides the global tokenization venture, Floki has the crypto locking program FlokiFi, and is working on a metaverse game called Valhalla. The upgrades and developments sparked a 380% yearly bull run for the Viking dog-embossed cryptocurrency.
Currently, the canine token Floki (FLOKI) skyrocketed by 16.2% in the last 24 hours, adding to the 95% monthly run. With a global market capitalization of $355,544,430, the Viking dog coin is yet to restore its market dominance, as the #131 rank puts $FLOKI into the lightweight category, compared to main rivals Shiba Inu (SHIB) & Dogecoin (DOGE), hemming in $4.9bn and $10bn in global market capitalization, respectively.
On The Flipside
- One key difference between Binance’s Floki staking plans and TokenFi staking ecosystem is the cryptocurrency rewards.
- Only TokenFi employs the dual token system, while Binance offers staking rewards in $FLOKI.
Why This Matters
The ability to trade tokenized real-world assets via cryptocurrency is set to unlock an estimated $16 trillion market in the next five years.
Read DailyCoin’s latest cryptocurrency news:
FTX Moves $13.54M Solana (SOL) Amid Stalled Rally
Crypto.com Secures VASP Crypto License from Dubai Regulator