OKX, a cryptocurrency platform, has introduced a new promotion for holders of the meme token Floki (FLOKI), based on a famous dog. As part of this program, users have the opportunity to stake their coins with increased yields until February 21, 2024. To participate in the digital asset staking, you need to:
- Go to the DeFi section on the official OKX website or mobile app.
- Find the Floki token in the list of available cryptocurrencies.
- Select the desired coin locking period.
- Link your crypto wallet and transfer the tokens to the exchange balance.
Change in Floki staking yield over four years on the OKX exchange
FLOKI can be staking for a period ranging from three months to one, two, or four years. The maximum annual yield is 90.47%, achieved when locking digital assets for the longest period. OKX will reward with FLOKI and TokenFi (TOKEN) tokens, which can be exchanged on decentralized exchanges like PancakeSwap and Uniswap.
It's important to note that on OKX, there is an option to withdraw FLOKI before the lockup period ends. However, in this case, the exchange charges a 20% fee on the staked coins, so it is considered impractical to withdraw digital assets prematurely.
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