1POOL and MINT ICOs are hot. How does FLOKI token trading work?

0
33

Cryptocurrencies – FinanceBrokerage

1POOL and MINT ICOs are hot. How does FLOKI token trading work?

1Pool is a new cross-chain money market protocol designed for return aggregation, borrowing and lending. Its mainnet is currently live on Binance Smart Chain and Ethereum Mainnet. It is also seamlessly connected via the 1Pool ERC-BEP token bridge.

The protocol aims to optimize the use cases of LP tokens. The team created a 1Pool Yield Aggregator. The latter automatically farms selected LP tokens together with stand-alone digital assets to generate one of the most competitive APY in the industry. The earnings aggregator is currently live in Binance Smart Chain and Ethereum Mainnet. The company plans to add Polygon and Fantom networks to the 1POOl mainnet in the fourth quarter of 2021.

1Pool’s Lending Protocol is a typical decentralized cross-chain credit protocol. It makes it easier to borrow and borrow selected LP tokens as well as independent digital assets in the chain. Customers can earn interest on their digital assets. To do this, however, they have to make supported digital assets available to the protocols. In the meantime, borrowers can easily take out a loan by providing selected digital assets. The latter include standalone assets such as BTC, ETH, DOT, and select LP tokens. The protocol adjusts the interest rates algorithmically.

The company has also created its own native governance token, 1POOL, for its ecosystem. This token includes both a right to a percentage of sales through staking from 1POOL and voting rights in platform governance.

The team plans to give the platform participants (return aggregators), borrowers and lenders 1POOL tokens proportionally for their use of the platform. Additionally, the protocol allocates 75% of the total supply of 1POOL tokens as user rewards and plans to mint them and distribute them to platform users over the next five years. However, the team has limited the emission rate of 1POOL tokens to 0.595225694 1POOL per block on the Binance Smart Chain ETH Mainnet.

What about the 1POOL ICO and its functions?

The 1Pool platform offers many features including LP token collateralisation, DAO governance, LP token lending, borrowing, yield farming, staking with revenue sharing and multi-chain (Ethereum and Binance Smart Chain Live).

The company starts its ICO today and the sale ends on October 12, 2021. The token price will be USD 1 per 1 POOL during the Initial Coin Offering. The total supply of tokens is 300,000,000. The platform accepts ETH and BNB in ​​exchange for their tokens. The team designed the issuance of 1POOL governance tokens to prevent inflation of the offer. The emission rate is based on the correlation between sustainable growth and platform benefits.

Thanks to the 1Pool platform, the holders of LP tokens can take out a loan against their LP collateral and subscribe to a pre-sale or an initial coin offering. They can also take out a loan on their LP assets, borrow a digital asset, and send it to an exchange. As a result, they benefit from declines in overvalued tokens. When investors hold digital assets like BNB, ETH, USDC, and USDT, they can lend their digital assets to the credit log and earn interest.

In addition to participating in platform governance by submitting proposals and voting, 1POOL token holders can use their 1POOL tokens and share 20% of the platform turnover on a pro rata basis. You can also use the tokens as collateral for taking out a loan. Customers can add liquidity to 1POOL token pairs in select DEXes and thereby earn a percentage of the platform fees. And finally, they can farm 1POOL LP pairs on the 1POOL platform and earn 2 X rewards.

How does Floki Inu token trading work?

Floki Inu, also called the new MOVEMENT token, is right on trend. It’s similar to Dogecoin and traders expect FLOKI to be just as successful and profitable as DOGE. FLOKI is currently trading at $ 0.00006591, but the price is likely to increase over time.

According to the team, Floki Inu isn’t just a meme coin. Fans and members of the Shiba Inu community gave birth to this new cryptocurrency. In fact, Floki Inu got its name after Elon Musk’s own Shiba Inu.

This token is hyperdeflationary. The team created it to reward users. Thus, it adds more Floki Inu-Coins to customers’ wallets with every transaction. The community is called Floki Vikings. Floki is the Viking figure and Elon Musk named his dog after it. Hence the nickname. However, the community has already proven that it is ready to fight for the success of FLOKI. Thanks to his efforts, Floki Inu has been featured in LunarCrush’s top 10 social engagement leaderboards multiple times.

In addition, the team is focused on the utility of the token. Several major crypto influencers, including Bamidele, PetaByte Capital, and Uniswap Detective, are members of the Floki Inu team. They decided to risk their reputation for this project. The developers of Floki Inu are also the well-respected Moontography by $ MTGY and Jackie Xu. Both have extensive experience in the crypto space. You have also been involved in other utility coin projects.

What additional benefits are available to FLOKI holders?

The team has already partnered with EPay. As a result, token holders can receive FLOKI against payment in connection with the development of Flokiplace (a Floki marketplace) for Floki-Inu goods. In addition, customers can use this token to buy items in over 1500 stores thanks to a partnership with CryptoCart.

Floki Inu is currently negotiating a similar partnership with Curate (XCUR). This allows token holders to use FLOKI as a means of payment on the XCUR marketplace for physical goods. The latter will start shortly. The team is also working on other things, including harnessing the hype around NFTs, payment services, and games.

With all of this in mind, the creators claim that FLOKI is no ordinary memecoin. While it successfully uses its meme potential along with the connection with Elon Musk’s dog, it also builds utility. Floki Inu plans to compete with the top cryptocurrencies in this market.

What about Dober City and its ICO?

MINT is another hot ICO that’s currently in the spotlight. It is Dober City’s native utility token. Presale starts on October 16, 2021 and ends on October 17, 2021. The price for 1 MINT is 0.066 ETH. The company plans to start a public sale on October 18, 2021. MINT is based on the ETH blockchain.

Dober City is a creative NFT-based project that aims to offer its customers a unique experience and atmosphere through comics, engaging storytelling and an NFT-based game to make money.

The founding team unites experts with solid experience in the crypto and NFT area. Dober City aims to add value to token holders and make them part of an ever-growing entertainment and gaming community.

The team built Dober City on a compelling storyline. The story revolves around an imaginative city of the same name. This megalopolis is obsessed with glamor, power and influence. This dystopian place harbors fascinating characters. Doberman dogs are human-like characteristics. They are also very similar to Doberman-Human hybrids.

The company plans to “throw off” the first 10,000 elite residents on October 16, 2021. According to the plot, they built their fortune on the work of the poorest Dober in town. They also consider themselves favored by God.

Thanks to the minting of these first 10,000 characters, the company will offer 3,000 NFTs for pre-sale on October 16. The remaining 7,000 NFTs will be released for public sale on October 17th.

The Post 1POOL and MINT ICOs are hot. How does FLOKI token trading work? first appeared on FinanceBrokerage.

Source Link

Leave a Reply