😍 Finally, the game is getting ready to launch.
🍊 It comes with great pleasure to say that only integration with an appropriate Core Chain RPC remaining.
🍊 Thanks for all the support you have given $VITA.
😍 Stay Tuned; the game might come out any minute now!
Core is a permissionless Layer-1 where anyone can build.
With the launch of new initiatives, bad actors tend to show up. Remember Core will never reach out to you privately, ask for private keys, funds or anything of this matter. Always double-check links on Twitter, Telegram, or Discord.
Don't forget to jump in our Discord and stay tuned to the latest alerts👇
https://t.co/qaLHhLvK29
The official Binance News page just featured #TokenFi / $TOKEN on Binance Square, highlighting our #RWA#Tokenization Module that will go live on mainnet in 2024! 🔥
- Tokenizing Real World Assets
- Strategic collaboration with #Chainlink for tech support
- Implementation of ERC-3643 for added flexibility
- Seamless cross-chain movement with Chainlink #CCIP
👇👇
https://t.co/aaWLROqQwM
1/ Introducing: Skynet's Wallet Security Leaderboard!A new tool to navigate the complex world of Web3 wallets, offering a high-level breakdown of security features and protocols for various wallet types. 👇
https://t.co/gaQR12sNBm
REAL WORLD ASSETS (RWA) TOKENIZATION WITH TOKENFI
The TokenFi #RWA Tokenization Module is created to enable the #tokenization of Real World Assets (RWA) that are not classified as securities. This feature serves as a quick and efficient means for users to tokenize real-world assets through the #TokenFi platform.
The TokenFi RWA Tokenization Module will mainly allow tokenizing assets that are not securities.
While there is a limit to how much we can reveal about how we intend to go about tokenizing RWAs for now, at least until we go live with our RWA Tokenization Module in 2024, we can give some insight into some of the tech TokenFi will use. Specifically, we are in talks with #Chainlink and other key partners whose tech will power our RWA Tokenization Module.
Chainlink is the world leader when it comes to RWA tech and infrastructure with over $9 trillion in total transaction value enabled!
With Chainlink specifically, TokenFi will use the Chainlink Proof of Reserves (PoR) and the Chainlink Cross-Chain Interoperability Protocol (#CCIP) to power our RWA Tokenization Module.
Chainlink Proof of Reserves (PoR) allows smart contracts to validate the true collateralization of any off-chain or cross-chain reserves, a key factor in ensuring an accurate representation of tokenized assets on the blockchain.
Chainlink PoR uses a decentralized network of oracles to audit off-chain collateral/reserves in real-time, thereby preventing tampering through fractional reserve practices or other potential attempts at manipulation. Chainlink PoR also leverages a network of trusted on-chain auditors to monitor the collateral/reserves of a tokenized asset in real time, thereby giving users assurances of an asset's collateralization at all times.
Besides helping to ensure the validity and collateralization of a tokenized asset, Chainlink PoR can also help securely mint, redeem, and burn wrapped assets or halt these automatically in response to the real-time status of the collateral used for a tokenized asset.
TokenFi's parent entity #Floki is partnered with Chainlink and has a direct line of contact with them, and we are already in talks to use their solutions as one of the main technical frameworks for the TokenFi RWA Tokenization Module. Chainlink will help facilitate the implementation of their tech within TokenFi as soon as we are ready to go live with the RWA Tokenization Module: this will be in 2024 according to our roadmap.
Chainlink's industry-standard oracle networks power the Chainlink Cross-Chain Interoperability Protocol (CCIP), which would allow users to move tokenized assets across different supported chains seamlessly and instantly without having to rely on a bridge, essentially removing the security risks that the standard bridge solution would have posed.
This means you could instantly tokenize a Real World Asset (RWA) on the Ethereum chain and move your asset to the Polygon, Base, or BNB chain. You can also move your asset back to the Ethereum chain should you desire to. This process will be done seamlessly by Chainlink CCIP without the user worrying about the underlying mechanisms being used.
We are in an increasingly cross-chain world, where we have over a thousand different blockchains. We are implementing CCIP because we want users who tokenize assets through TokenFi to have an assurance that they can move their tokenized assets from the chain it was initially tokenized on to several other chains with superior qualities (speed, scalability, cost, etc) whenever they desire.
As long as Chainlink CCIP supports a chain, you can move your tokenized asset to that chain seamlessly and instantly. More importantly, based on our discussions with the Chainlink team, CCIP will support more chains in the future, so you would likely still be covered should a new chain come up in the future that has superior qualities and traction that you would eventually want your tokenized assets to be moved to.
In addition to Chainlink, we are also in talks with other partners whose tech we intend to implement to ensure TokenFi users have as much flexibility as possible when tokenizing Real World Assets (RWAs) on our platform.
We would also likely implement ERC-3643, the standard for permissioned tokens, which has successfully been used to tokenize over $28 billion in assets.
The ERC-3643 standard uses a built-in decentralized identity framework, "ONCHAINID", to ensure that only users that meet certain pre-set conditions can hold your tokenized assets, thereby giving you more control over your tokenized assets than you would have on an average token, even if your tokenized assets are on a permissionless blockchain.
TokenFi RWA Tokenization Module uses $TOKEN as its main utility token and will be live on mainnet in 2024.
Ready to create your own token? Explore #TokenFi Token Launcher and QuickLaunch Bot on testnet! 🔥
Follow the rules below for a chance to win from the $5,000 $TOKEN giveaway pool. Get creative, have fun, and let your tokens stand out! 👇
🌎The ripple effect! Investing in #Ecoterra isn't just about gaining crypto—it's a catalyst for a sustainable revolution. Your investment sparks innovations in green tech, supports climate resilience, and fosters global collaboration for a greener, brighter future. 💚✨
#ECOTERRA #GreenDeal
$TOKEN just got listed on BLOX! 🔥
BLOX is a user-friendly Dutch crypto app serving 600,000+ users.
This listing marks the first $TOKEN / EUR trading pair for #TokenFi. A significant milestone, which will make Token more accessible on the Dutch crypto market.
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Note: This isn't investment advice or an exchange recommendation. Not your keys, not your tokens.
We are excited to announce our first Liquidity Farm! You can start farming with $cDAO on Archer Swap today!
https://t.co/zDvNzEe2hS
Let's go! #cDAO#Archerswap#Core
Former international cricketer Mitchell McClenaghan extends a warm welcome to #Floki as the principal sponsor for the Manipal Tigers in the #LLCT20!
This strategic marketing collaboration propels $FLOKI into the spotlight, connecting with a massive global audience of over 700 million cricket fans.
We have a replenishment🤯
Yes, you heard right, there’s a new addition to the Vaults family🔥
New pair in Vaults - cdao-usdt💲
Deposit cDAO-USDT LP to automatically grow your deposit🤙
More about vaults👉 https://t.co/xoc32wA8tp