TokenFi, a real-world asset tokenization platform (RWA) developed by the same team as the meme coin FLOKI, has recently launched a new staking service for its primary cryptocurrency TOKEN on the Ethereum and BNB Chain blockchains. Coins can be locked for a period of 3 to 48 months, with 7% of the asset's supply of 10 billion TOKEN allocated for program participant rewards. Since the launch of this feature, 245.2 million TOKEN worth $9.7 million have been locked.
The TokenFi staking service offers high returns, depending on the chosen network. On Ethereum, returns are 32.76%, 52.42%, 78.62%, and 104.83% for locking coins for 3, 12, 24, and 48 months, respectively. For BNB Chain, these figures are 33.02%, 52.84%, 79.26%, and 105.68%. Currently, approximately the same number of coins are locked in both blockchains: 121.8 million on Ethereum and 123.4 million on BNB Chain.
Developers claim that the staking platform is under constant supervision by blockchain audit firm CertiK, ensuring a high level of security. They also warn users about phishing attack threats and recommend staking coins only through the project's official website. Since its launch, the TOKEN coin's price has dropped by 16%, trading at $0.03963905 as of December 11.
In November, TokenFi began using the API of CoinGecko, the largest crypto market data aggregator, and also introduced its own tool for issuing ERC20 standard tokens through web browsers or bots in Telegram and Discord.
On December 1, TokenFi launched a rewards program with a pool of 5% of the total TOKEN supply. Coins are awarded for actions such as asset tokenization, issuing own tokens, organizing crowdfunding campaigns through the launchpad, and inviting new users.
