The creators of TokenFi, related to the meme token FLOKI, have suggested an enhancement for the TokenFi platform through a proposal. This proposal focuses on giving preference to those who stake or own $TOKEN in the TokenFi community.
Floki And TokenFi Developers Propose “Supercharge Program”
The “TokenFi Launchpad Boost Program” proposal intends to provide priority access to $TOKEN owners within the TokenFI launchpad. This decentralized platform enables anyone to introduce and fundraise for new tokens. Traditionally, TokenFI/Floki community receives first-hand opportunities to consider some of the most promising token projects.
The team behind this proposal has come to understand that some token sales can be oversubscribed in minutes, leaving the community without a fair chance to participate. To address this issue, they suggest implementing a “supercharge program.” Through this program, $TOKEN stakeholders would receive priority access to future token sale events.
Stakers with at least $1,000 worth of $TOKEN staked are given priority access to buy these tokens before they become available to the public. However, this opportunity is only extended to those meeting this requirement. Moreover, the amount of tokens allocated to each staker depends on the quantity and duration of their staking. In other words, those who have staked more $TOKEN for a longer time receive a larger portion of the token sales.
$TOKEN Holders To Also Get Priority
In addition, the creators suggest that $TOKEN owners have an advantage if the staking pools do not fully subscribe to the available token assignments within the designated period. Just like stakers, those holding $1,000 or more of $TOKEN will be eligible for this program.
Holders with more $TOKEN in their possession are likely to receive a bigger share of the leftover distribution. Nevertheless, the proposal indicated that all holders would typically receive smaller portions compared to stakers.
If this proposal is approved, individuals without tokens may be excluded from popular token sales on the launchpad. This is due to the fact that token holders and stakers are expected to purchase all the allocated tokens during the sale, often leaving none for those who haven’t staked or held the tokens yet.
The TokenFi team suggested in their proposal that if the proposal is approved, the program would be initiated right away. They mentioned that it would ideally begin “a few days after approval.”
Currently, TOKEN is priced approximately at $0.1518 on the markets, representing a decrease of more than 6% within the past 24 hours based on information from CoinMarketCap.
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2024-04-09 17:11