Crypto Speculation TokenFi TOKEN Will Enter the Spot Market on Binance tron-fan-club: 10.00%

Hey friends, come back with me today, I hope you are all in good health and have fun days, on this occasion I want to share interesting blockchain news, of course, after the registration of BLUR crypto on the spot market on Binance, speculation arose that crypto TOKEN will suffer the same fate. TOKEN is a new cryptocurrency from the team behind Floki Inu, namely TokenFi. TokenFi focuses on tokenization and includes an AI Generative Image program for NFTs. In particular, the global real asset tokenization market value is predicted to reach US$10 trillion by 2030. This speculation came from "Layergg", a popular account on social media X that specializes in researching the crypto world. On November 24, 2023, the account stated that there were a number of cryptocurrencies that would enter the spot market on Binance, after being in the futures market for some time (for example the perpetual type). Layergg gave an example, the BLUR crypto, which has been hanging out on the futures market on Binance for a long time since April 28 2023, was recently traded on the spot market.

Apart from BLUR, there are a number of other cryptocurrencies that have been on the futures market for quite a long time and are projected to wait in line to enter the spot market. One of these cryptocurrencies is TOKEN from the TokenFi project which was introduced last October. Apart from TOKEN there are other cryptocurrencies, namely PYTH, BONK, CASH, BSV, ORBS and BIGTIME. TOKEN itself has been on the futures market on Binance since November 3 2023, which also contributed to a surge in purchases from the spot market on other crypto exchanges.

“BLUR will be listed on Binance at 09.00 (UTC) on November 24 2023. This BLUR listing marks the first step in adding trade pairs to the spot market from previously only focusing on the futures market. "This shows the potential for more projects previously exclusive to futures to be listed on Binance Spot," said Layergg.

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What is TOKEN and TokenFi?

One of the 8 cryptocurrencies, TOKEN is considered quite interesting, because its developer, TokenFi, focuses on the tokenization sector, a new important keyword echoed by BlackRock in March 2023, including most recently by the British Financial Authority (FCA) some time ago. TokenFi itself is the team behind the quite popular crypto project Floki Inu (FLOKI) which entered the crypto meme sector which was launched in June 2021. Floki Inu also has a number of enrichments, one of which is Non-Fungible Token (NFT).

One of TokenFi's superior products that is being developed is a token creation and development platform that is much simpler than the usual method. By using this platform, users who want to create tokens do not need to come into contact with program code which is sometimes quite complicated. The approach uses the concept of What You See is What You Get (WYSIWYG). In short, just click the button, within a few minutes the token will be published on the blockchain. The trial version of this platform on the Goerli testnet was launched a few days ago.

Although several crypto projects have similar products like this (one of which was NEM in 2017), TokenFi's approach is much simpler and faster and quite complete, because it is accompanied by additional special platforms, for example for creating NFTs via another product being developed, AI Prompt-based Generative Image is similar to Midjourney, Stable Diffusion and DALL-E (OpenAi-Microsoft).

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TokenFi and Tokenization Business Prospects As explained above, the point of movement for TokenFi and TOKEN crypto is the projection of the giant company BlackRock in March 2023 regarding share tokenization. According to the CEO, Larry Fink, the stock market will be much more efficient, transparent and more liquid if there is a tokenization process for shares using smart contracts and published on the blockchain. In fact, the discourse on tokenization in traditional markets has become increasingly popular in the last few days from England. A number of investment management companies in the UK have now received the green light to develop mutual fund tokenization, where mutual fund assets are converted into digital tokens supported by blockchain technology.

Thanks to this tokenization (also referred to as fractionalization), it will allow mutual fund assets to be traded more cheaply and more transparently. "Even the scope for investors to buy into various assets is becoming wider," said a number of sources as quoted by Reuters, Friday (24/11/2023). Tokenization Market Value Predicted to Reach US$10 Trillion Mutual fund tokenization is part of real asset tokenization. Thanks to blockchain technology, the conversion value of these assets is projected to reach US$10 trillion by 2030, according to analysis by Roland Berger.

Meanwhile, according to MarketsandMarkets, it provides a more conservative but still significant projection. They estimate the global real asset tokenization market size at US$2.3 billion in 2021, and is expected to reach US$5.6 billion by the end of 2026. This growth is expected to occur at a compound annual growth rate (CAGR) of 19.0 percent during the forecast period.

Short Opportunities and Future Challenges

Binance as the largest crypto exchange in the world is still an important key to increasing appreciation for new and unique cryptocurrencies. Crypto TOKEN from TokenFi which chooses to focus on tokenization may become its own trend in the future, in line with the increasing adoption of blockchain technology in the traditional financial system. Waiting for TOKEN to enter the spot market on Binance is also an interesting scenario to continue following.

However, the biggest challenge is that there will be more and more players in this tokenization sector, if the market continues to move positively. Blockchain startups that are too mediocre are very easily knocked out if there are other private companies playing in a similar pool but not from the native blockchain world. This will give BlackRock a reason to collaborate with companies that are more focused on tokenizing real assets such as shares and mutual funds, not just in the narrow crypto sector. this is today's news that I can share on steemit tron-fanclub, hopefully it's useful, greetings