Memecoins have earned their place in the digital asset ecosystem. Crypto projects such as Shiba Inu started as a meme or joke in August 2020 but quickly
What is BinoFi?
BinoFi is the first ever hybrid cryptocurrency exchange that amalgamates advantageous features from centralized and decentralized exchanges. The DeFi exchange has launched as a first-to-market project offering modern and innovative solutions to crypto traders. The crypto exchange is set to modernize crypto trading by providing automated solutions for crypto traders and investors such as AI-powered trading bots and automated risk management solutions.
The hybrid exchange also aims to eliminate risky third-party bridges and reduce the overreliance on wrapped assets. BinoFi users will capitalize on Multi-Party Computation (MPC) wallets to execute trading transactions in a secure environment without the need to surrender custody of their crypto assets.
The BinoFi Token (BINO) is the native digital asset of the BinoFi trading ecosystem. BINO token will enhance liquidity and trading incentives through rewards and fee discounts. BINO holders who stake the token will also receive discounts on trading fees when executing centralized and decentralized transactions.
BinoFis presale will reward long term holders
BINO is an ERC-20 token with a maximum supply of 2,000,000,000 tokens. The BinoFi team has set aside 43% of the taken supply (860 million tokens) for its public sale, 20% (400 million tokens) for liquidity and market making, 15% (300 million tokens) for ecosystems and rewards, 10% (200 million tokens) for community and partnerships, 2% (40 million tokens) for team and advisors and finally 10% for its reserve fund.
BinoFi is currently in its initial stages of development. The project has a running presale aimed at distributing BINO tokens to community and investors. The first participants can purchase the tokens at an average price of $0.020. During this phase, the team aims to raise $800,000 from the first ICO participants.
The price will increase gradually as the team unlocks each phase. The team has set measures to encourage long-term holding by giving early supporters staking incentives and presale participation bonuses.
Presale investors who stake immediately after the Token Generation Event (TGE) will receive additional staking rewards. The investors will also receive governance rights that allow them to participate in the BinoFi decentralized autonomous organization (DAO). If we were to compare projects such as Shiba Inu (SHIB) and BinoFi (BINO), Investing early on the latters development has definitely better chances at unlocking massive future gains for investors.
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