TokenFi Developers Introduce New Program to Enhance Advantages for TOKEN Holders
In an effort to provide greater benefits to TOKEN holders and stakers, TokenFi developers have proposed the “TOKEN Supercharge Program.” This program aims to grant early access to TokenFi platform issuances to eligible TOKEN holders, potentially allowing them to acquire up to four times more tokens than the standard quota per wallet.
To gain priority access, individuals must hold or stake at least $1,000 worth of TOKEN, with additional benefits available for higher holdings.
This initiative intends to address the issue of token sale events quickly selling out to the general public, thereby prioritizing TOKEN holders to benefit instead.
TokenFi’s launchpad developers have put forth a proposal to amplify the advantages for TOKEN users by enabling holders to have early access to platform issuances.
If the proposal is approved, the “TOKEN Supercharge Program” will offer preferential treatment to TOKEN holders and stakers, allowing them to secure tokens before the wider public.
Moreover, eligible users will have the opportunity to acquire up to four times more tokens than the standard allocation per wallet. Users who do not hold or stake TOKEN may have limited access to token sale events.
To qualify for the proposed 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 of these token launches planned, which will be announced in the near future,” said TokenFi developer B in a statement to CoinDesk. “However, we anticipate that some of these token sale events could be sold out within minutes, especially if open to the general public.”
“This could potentially leave the majority of $TOKEN stakers and holders unable to participate in these events, despite being the main beneficiaries,” he added.
TokenFi, utilizing TOKEN as its native digital asset, allows users to launch any cryptocurrency without the need for coding. It was established in 2023 as a sister project to Floki, a former dog-themed meme coin that has since transformed into a metaverse and decentralized finance platform.
As of the time of writing, TOKEN prices exhibited minimal movement, trading at 16 cents, according to available data.