Floki Inu Alerts Community on Scams, Expands Token Utility
Floki Inu, the memecoin project, recently alerted its community about fraudulent tokens misleading investors on Solana and Base blockchains.
The official Floki Inu account on social media emphasized that the authentic FLOKI token is exclusively available on the BNB Smart Chain and Ethereum networks. To help users avoid scams, Floki Inu shared its correct contract addresses for Ethereum and BNB Smart Chain: “0xcf0c122c6b73ff809c693db761e7baebe62b6a2e” and “0xfb5b838b6cfeedc2873ab27866079ac55363d37e”.
🚨 Scam Warning 🚨
It has come to our attention that there are scams claiming #Floki has a token on #Base or #Solana.
Please note: $FLOKI is ONLY tradeable on the $BNB and $ETH chains with the following correct contract addresses:
ETH:…
— FLOKI (@RealFlokiInu) June 29, 2024
Despite security challenges, Floki Inu continues to expand its ecosystem’s capabilities. It recently launched the FLOKI Name Service on the BNB Chain mainnet, allowing users to register decentralized domain names with the .floki extension. This service integrates with various DApps, including Trust Wallet and PancakeSwap, leveraging Space ID architecture for seamless interoperability.
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Floki Inu has attracted over 417,400 holders on the BNB Chain and introduced a rewards program to celebrate this milestone, offering holders interest rewards. Looking ahead, Floki Inu unveiled its 2024 roadmap in March, outlining plans for regulated digital banking accounts. These accounts will enable users to create and fund bank accounts using FLOKI tokens, with features like Swift payments and SEPA IBAN capabilities across multiple countries.
In January, the Hong Kong Securities and Futures Commission (SFC) cautioned the public about unauthorized staking programs using Floki’s name, emphasizing they lacked approval for public sale in Hong Kong.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
