Key Takeaways
- TokenFi Launchpad’s developers have proposed the “TOKEN Supercharge Program” to enhance the benefits for TOKEN holders and stakers, prioritizing their access to token sales and launch events;
- The initiative addresses concerns that TOKEN stakers and holders might miss out on participating in token sales due to rapid sell-outs;
- Eligibility for the program requires a minimum of $1,000 in $TOKEN stakes or holdings.
TokenFi Launchpad’s developers are looking to amplify the privileges of TOKEN holders and stakers.
They have announced a proposal, called the “TOKEN Supercharge Program,” seeking to prioritize them within the TokenFi Launchpad.
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Those who have invested in TOKEN will get early access to join token sale events, giving them the opportunity to purchase tokens before they’re available to the general public.
As stated in the proposal, this initiative aims to address the fact that TOKEN stakers and holders may be unable to participate in token launches or sale events:
Token sale events could be sold out in minutes, especially if open to the general public. This could result in the majority of $TOKEN stakers and holders being unable to participate in these events when they should be the main beneficiaries.
This program will allow eligible users to acquire up to four times the standard allocation of tokens per wallet, ensuring that the platform’s most dedicated supporters can fully participate in its growth.
To be eligible, participants need to hold or stake a minimum of $1,000 worth of $TOKEN, with the prospect of additional advantages for larger investments.
TokenFi, with TOKEN as its native digital asset, facilitates the launch of cryptocurrencies without the need for coding. It originated in 2023 as a derivative project of Floki, which transitioned from a memecoin to a prominent entity in the metaverse and decentralized finance (DeFi).
At the time of writing, TOKEN trades at $0.16 and holds a market cap of over $159 million.
This initiative serves as a gesture of appreciation from TokenFi, promoting loyalty within the community by rewarding benefits to stakers and holders.
In other news, Ripple has revealed plans to launch a stablecoin pegged at a 1:1 ratio with the US dollar.
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