Floki Inu has suvmitted a staking program promising annual returns of up to 129%. This program stands out for investors looking to harness the potential of their meme cryptocurrencies.
According to a post by FLOKI, staking $10,000 today could theoretically yield $12,900 in rewards after one year, all while retaining the initial stake.
Floki Inu’s team vehemently denies any association of their program with schemes of a Ponzi nature, assuring that their model rests fundamentally on two principles that advocate for sustainability and deflationary strategies.
They argue that rewarding participants does not trigger the creation of new FLOKI tokens, hence sidestepping the common pitfall of inflation which plagues numerous other crypto ecosystems. In their system, staking FLOKI pulls tokens out of circulation, and those who exit the program prematurely face a burn penalty—a measure encouraging longer commitment periods.
But how can Floki Inu afford such benefits? It appears the answer lies in collaboration with their sister entity, #TokenFi / $TOKEN, posited as a force in the growing domain of tokenization and real-world asset industries—a market valued at a seismic $16 trillion. When users lock their FLOKI tokens away for up to four years, they earn rewards in $TOKEN, which can be claimed at any time.
Should the offer’s 129% annual percentage yield (APY) hold steady, an example calculation suggests a $10,000 stake over four years might culminate in a staggering $51,600 in returns, exclusive of the initial stake which remains untouched.
While a minimum lockup of three months to a maximum of four years is required, the confidence behind this scheme is bolstered by a reported $84 million in FLOKI tokens already staked—a significant 22% of their total supply. Nevertheless, potential investors are advised to approach with caution: APYs are subject to fluctuate depending on participation rates and the reward token’s market price.