FaniTrade Launches The FANI Utility Token Which Unlocks 30% APY Through Staking And Other Benefits
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
FaniTrade is excited to announce the launch of FaniToken, the utility token of its exchange and ecosystem. The token has multiple use cases, including serving as a payment method, FaniLotto participation, lowering transaction fees, and much more.
FaniTrade continues to expand the appeal of its exchange and ecosystem through the launch of FaniToken. Users can acquire the token on the FaniSwap platform and use it to provide liquidity to pools, farm with LP tokens, or staking FANI. Moreover, the token enables users to create new liquidity pools on the trading platform, adding an extra utility layer.
Other utility features of FaniToken include:
There are many good reasons to be excited about the FaniToken launch and unlock the potential FANI brings to the table. Moreover, the token unlocks tremendous utility for the FaniTrade platform and the encompassing ecosystem, with various revenue-generating opportunities for long-term holders. The token is different from assets issued by other trading platforms, which often provide little or no utility at all.
Acquiring the FANI token is possible through the FaniTrade platform. A total of 550 million FANI will be created, of which 220 million remain locked. Additionally, the remaining 330 million tokens will be allocated to the community throughout various initiatives, airdrops. etc. The circulating supply is 30,2 million FANI.
FANI Is issued on the Solana blockchain, a network that is more efficient and much faster than competing blockchains. Moreover, Solana does not rely on proof-of-work like Bitcoin or Ethereum.
Instead, the network uses the Proof of History mechanic, a "clock" for blockchain
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