Amino Rewards locks assets worth $34 million in FlokiFi Locker

Amino Rewards has locked $34 million worth of assets in FlokiFi Locker. This can be categorized into treasury tokens, ecosystem rewards, marketing tokens, and liquidity pools. Allocation in every segment is 20% of supply, 20% of supply, 5% of supply, and $900k, respectively.

This extends the association between Amino Rewards and Floki, enabling users to earn $AMO simply by registering and being active on the Amino Move application. Amino Rewards is primarily known for embracing different industries as it helps them establish a Web3 reward network. Industries benefiting from the reward network of Amino Rewards are sports, fitness, and health.

The portion of the announcement wherein it is mentioned that users stand a chance to earn $AMO has caused a surge in its trading value. The token was last seen being exchanged at $0.00169, a jump of 0.75% in the last 24 hours. It is an increase of 3.81% in the last 7 days and the same increase over the previous 30 days—that is, one month.

Amino has earned more rewards in recent times. This spans across:

  • Onboarding a total of 2.7 million users of its application
  • Establishing a partnership with 200+ retailers like Adidas, Nike, Best Buy, and others
  • Becoming an official partner of the SF 49ers NFL team
  • Registering more than 150,000 daily active users

Amino Rewards locking in $34 million worth of assets has, specifically, become the highest-ever lock for FlokiFi Locker. Floki has confirmed this in a post published on X, formerly Twitter, wherein it has called Amino a strong project, adding that it demonstrates a stronger trust in the project with a scope of boosting the adoption of utility products.

Having said that, all eyes are now on $FLOKI. The native token has not responded positively to his development at the time of drafting this piece. FLOKI is seen exchanging hands at $0.00003081, a slip of approximately 2.78%. Making things worse is the slip over a period of 30 days, which has registered a fall of 12.56%.

However, FLOKI has inflated by 66.76% in the last 30 days. The community of Floki is nonetheless optimistic about how things have played out. Most of them have expressed their satisfaction with the development, saying Floki is on a journey to the moon. Others have agreed that it is indeed a huge lock, proving the dominance of Floki as a brand.

Amino Rewards locking assets in the FlokiFi Locker comes days after Floki announced its first-ever major exchange partner, Bybit. This brings $TOKEN by TokenFi under the limelight as one of the most respected exchange platforms, with more than 15 million users listing the token.

Moving forward, Floki and Bybit will work on the marketing campaign designed to boost the adoption of $TOKEN on the platform.

Trevor Holman

Trevor Holman follows crypto industry since 2011. He joined CryptoNewsZ as a news writer and he provides technical analysis pieces and current market data. He is also an avid trader. In his free time, he loves to explore unexplored places.

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