Floki Inu asked its users to avoid falling for these scams by only obtaining token information from reputable sources. A well-known memecoin project called Floki Inu has alerted its followers and the larger cryptocurrency community about continuing frauds involving illegal coins that are mistakenly linked to its name. On the Solana and Base blockchains, these phoney tokens have appeared, deceiving investors.
Social media was used by Floki Inu’s official account, @RealFlokiInu, to warn followers about these fraudulent tokens. The group stressed that only the Ethereum and BNB Smart Chain networks offer the genuine FLOKI coin.
To aid consumers avoid scams, Floki posted the right contract addresses for its tokens as BNB Smart Chain 0xfb5b838b6cfeedc2873ab27866079ac55363d37e and Ethereum 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e.
Floki Inu asked its users to avoid falling for these scams by only obtaining token information from reputable sources. Floki Inu keeps improving the usefulness and functioning of its ecosystem in spite of these security risks. The launch of the FLOKI Name Service on the BNB Chain mainnet is a noteworthy development.
By enabling users to register decentralised domain names with the.floki extension, this service improves the ecosystem’s use of the Floki Inu token. Because it makes use of the SPACE ID architecture, the service is compatible with a wide range of decentralised applications (DApps), such as well-known wallets and exchanges as Trust Wallet and PancakeSwap.
Floki Inu has also surpassed 417,400 holders on the BNB Chain, which is a noteworthy milestone. Floki Inu introduced a rewards programme to commemorate this accomplishment, enabling holders to obtain interest incentives as a proportion of the total amount.
The canine-themed memecoin revealed its 2024 roadmap in March, including a number of planned features and utility-focused projects. Users can open and fund bank accounts with FLOKI tokens through the plans’ regulated digital banking accounts. A collaboration with a fintech company that holds a licence will facilitate digital bank accounts with SEPA IBAN and Swift payment features, thereby broadening the company’s reach to Canada, Spain, Dominica, Australia, and the United Arab Emirates. The “Floki Staking Programme” and the “TokenFi Staking Programme” were the subject of a warning to the public from the Hong Kong Securities and Futures Commission in January.
These products offer staking services and offer annualised returns ranging from above 100% to 30%, according to the SFC. They are not authorised for public sale in Hong Kong, notwithstanding this.