BNB

DWF Labs Renews Confidence in $FLOKI with $1.25M Token Purchase

by BSC News

December 5, 2023

chain

The partnership aims to support the Floki Ecosystem as it gears up for what is anticipated to be a “most explosive bull run” in the crypto market.

Multi-stage Web3 investment firm DWF Labs has acquired an additional $1,250,000 in $FLOKI tokens from the Floki Treasury. 

With the purchase, finalized in early November, DWF Lab aims to demonstrate its commitment to strengthening the Floki ecosystem.

Reports indicate that DWF Labs will provide essential resources to turn Floki into a household name and TokenFi into the leading tokenization platform in a market projected to be worth $16 trillion.

The collaboration between Floki and DWF Labs began in May 2023, marked by DWF Labs' initial purchase of $5 million worth of FLOKI tokens. The partnership has evolved, with DWF Labs now serving as the exclusive market maker (MM) for Floki's latest venture, TokenFi.

TokenFi's Impactful Debut

TokenFi, Floki's recent venture, launched on October 27, has gained widespread attention within the crypto community. With its What You See Is What You Get (WYSIWYG) interface, TokenFi reportedly simplifies the token creation process and asset tokenization.

TokenFi enhances liquidity and facilitates connections with exchanges and market makers. It is available on five networks—Ethereum, BNB Chain, opBNB, Base, and Arbitrum—TokenFi.

At the time of writing, the Floki token is trading at $0.00004396, up 22% within hours of the announcement. Whereas, TokenFi’s TOKEN is trading at $0.05101 at press time, up 50% in the last 24 hours. 

Floki 24-hr price chart (Source: CoinMarketcap)

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

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