TokenFi Developers Unveil Innovative Program to Enhance Benefits for TOKEN Holders
In an effort to bolster the advantages for TOKEN users, the team of developers at TokenFi has introduced the “TOKEN Supercharge Program.” This program aims to grant early access to TokenFi platform issuances for holders and stakers of TOKEN, potentially enabling them to acquire up to four times more tokens than the standard quota per wallet.
To qualify for priority access, individuals must have a minimum holding or staking of $1,000 worth of TOKEN, with additional benefits offered for higher holdings.
The developers believe that this move can address the issue of token sale events quickly selling out to the general public, at the expense of TOKEN holders who should be the primary beneficiaries.
The proposal from the TokenFi launchpad developers entails enhancing the benefits for TOKEN users by granting holders early access to platform issuances.
If the proposal is approved, the “TOKEN Supercharge Program” will provide preferential treatment for TOKEN holders and stakers, allowing them to secure tokens before the broader public.
This proposed measure would also enable eligible users to acquire up to four times more tokens than the standard quota per wallet. Users who do not hold or stake TOKEN may have limited access to token sale events.
For priority access, users must hold or stake a minimum of $1,000 worth of TOKEN, with higher holdings offering additional advantages.
“We already have nearly a dozen token launches planned, set to be announced in the coming days and weeks,” explained TokenFi developer B to CoinDesk. “However, we anticipate a scenario where some of these token sale events could sell out within minutes, particularly if they are open to the general public.”
He added, “This could result in the majority of $TOKEN stakers and holders being unable to participate in these events, despite them being the primary beneficiaries.”
TokenFi, which utilizes the native digital asset TOKEN, enables users to launch any cryptocurrency without requiring coding knowledge. It was established in 2023 as a sister project to Floki, a former meme coin centered around dogs, which has since transformed into a metaverse and decentralized finance platform.
At the time of writing, TOKEN prices remained relatively stable, trading at 16 cents, according to available data.