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Home Crypto News

TOKENIK, The World’s First Reward Farming DEX, Set To Launch On Feb 28, 2023

Admin by Admin
December 7, 2022
in Crypto News
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TOKENIK, The World’s First Reward Farming DEX, Set To Launch On Feb 28, 2023
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TOKENIK aims to create a unique ecosystem where everyone benefits. Users can earn rewards by participating in the ecosystem and staking. while projects have access to additional liquidity and exposure for their tokens.

Powered by $NIK & $RNIK tokens, TOKENIK is poised to revolutionize the decentralized exchange space. With their innovative features and reward model system, the team is confident that TOKENIK will transform how people trade digital assets.

TOKENIK’s Proprietary Price Impact feature is set to revolutionize how users interact with Automated Market Makers (AMMs). By implementing a price impact design into the swap interface, liquidity providers will receive up to 70 times more earnings while minimizing impermanent loss through the increased fees generated by the swap.

This will increase efficiency and profitability for those actively participating in decentralized exchanges. This also acts as a protection mechanism against flash loans and bots.

TOKENIK understands that liquidity is crucial for the success of any decentralized exchange. That’s why they have announced their new Liquid Trading Fees system, allowing users to earn from both assets swapped on every trade and RNIK trading rewards.

Plus, these fees will always be available for withdrawal at any time. TOKENIK believes this will be a game-changer for decentralized exchanges.

Additionally, the TOKENIK platform will offer Sell Tax Support, which will ensure that the sell taxes don’t affect the sellers. This unique feature will allow projects to incentivize token holding and maintain deflationary rates, all while ensuring that sellers do not experience any loss when selling their tokens.

This sets TOKENIK apart from other DEX platforms and reinforces its commitment to providing buyers and sellers with the best possible user experience.

The platform also boasts other noteworthy features, including Dedicated Project Rewards and Fair Rewards Distribution system. Dedicated Project Rewards will allow users to join as a Grant Partner and receive reserved trading fees, program rewards, and increased visibility for their project within TOKENIK’s marketplace.

The Grant Program will also offer funding opportunities for these Dedicated Partners. Tokenik Leverage Trading is a decentralized, non-custodial, leverage trading protocol where users can gain leveraged exposure on crypto assets.

The synthetic leverage architecture, backed by a DAI Vault, makes Tokenik more capital efficient, and allows for low trading fees and a wide range of leverages and pairs. As part of the DAI Vault bots protection measures, TOKENIK is introducing a minimum trade duration of 1 hour and a minimum trade amount of $100.
NIK is Tokenik governance token and is the most rewarding asset a user could hold!

Up to 50% of all the fees the Tokenik ecosystem generates get to be distributed among holders of the NIK governance token, making it the most rewarding asset a user could hold!

The fees are being distributed daily and can be withdrawn as liquid USDC (during v1). Once Tokenik v2 is launched, the rewards will be paid in liquid bought-back RNIK. Similar to the NIK token trading, the fee distribution will also start at platform launch.

The Tokenik ecosystem with all its Defi DApps is being initially rolled out on the Ethereum blockchain and later on secondary chains like Avalanche, Binance Smart Chain, or Polygon. This will come with an entirely new set of benefits for the Ethereum NIK token holders.

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