Singapore-based HOKK Finance (HOKKFi), a meme token, announces the release of HOKK Premium, an Ethereum aggregator, and releases 4444 utility NFTs that will enable collectors to access the HOKKFi portal. This comes after the entity transformed from utility meme tokens that peaked at an $800 million market cap in May 2021 to decentralized finance (DeFi) cryptocurrency brand.
HOKK Finance’s NFTs will open users up into HOKKFi, a crypto portal where investors will enter and access their own crypto wallet, a launchpad for promising DeFi projects, and HOKK Premium, among several other products.
Launched this month was HOKK Finance’s collection of utility NFTs and its governance token $TREATS. The meme token offers a collection of 4444 NFTs that can be utilized on its financial portal HOKKFi, a decentralized ecosystem with products and services that replicate legacy finance for the next generation of crypto fans. The HOKK Finance NFTs, are minted at the cost of 0.04 ETH per NFT and will be gradually upgraded to contain more features based on its modular contract framework. The team intends to grow with regulatory and adoption changes, where the laws may change so that a single minted NFT could consist of features that replicate traditional banking solutions and services (stocks, bonds, loans, and contracts) in the long run.
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In line with this launch, HOKK Finance aims to develop a decentralized product to its full extent by introducing a commemorative NFT mint. This mint will serve as a stepping stone in liquidity, locking in ETH and providing each individual utility-driven NFTs through HOKK ecosystem interactions.
HOKK Premium will be launched under the HOKKFi umbrella, on Jan. 31, 2022, as an aggregator that enables users to place ETH capital into a smart contract that will send crypto to aggregator contracts to be lent out for continuous yield. Individuals will be able to view their initial ETH contributions, the annual percentage yield (APY), the portion of ETH in the total pool, and their current yield. The aggregator will also issue estimations of their monthly yield that will be periodically claimed by the new contract and converted into stable tokens to preserve its value.
HOKK Finance is in the process of developing a Meme-Utility that intends to make ETH exciting for users to work with the token. With ETH’s strong forecast ahead, HOKKFi is looking to garner massive demand for HOKK Premium as institutions increasingly invest in Ethereum. Once HOKK Premium is ready, the brand will be ready to approach private equity funds, family offices, and other capital groups, that have not yet fully embraced crypto, but want a de-risked way of experimenting with what staking ETH can do for their clients.