Floki Inu warns of false signals on Solana and Base blockchains
The Floki Inu memecoin project has alerted users and the wider cryptocurrency community to ongoing scams with unauthorized tokens falsely linked to brand names. Fraudulent tokens have surfaced on the Solana and Base blockchains, misleading investors.
Floki Inu's official X account took to social media to warn his followers about the signs of a scam. He highlighted that the legitimate Floki Inu (FLOKI) token is only available on the BNB Smart Chain and Ethereum networks.
Floki listed the Ethereum address “0xcf0c122c6b73ff809c693db761e7baebe62b6a2e” and the BNB Smart Chain address “0xfb5b838b6cfeedc2873ab27866079ac55363d37e” to help users fix the contract.
Floki Inu urges the community to only obtain token information from official sources to avoid falling victim to these scams.
Floki Inu ecosystem development
Despite these security concerns, Floki Inu continues to improve the ecosystem's functionality and usability. A significant development is the introduction of the FLOKI name service on the BNB Chain mainnet.
This service allows users to register decentralized domain names with the Floki extension.
The service uses the Space ID architecture to interact with many decentralized applications (DApps), including popular wallets and exchanges such as Trust Wallet and PancakeSwap.
Floki Inu has surpassed 417,400 holders on BNB Chain. To celebrate, Floki Inu has launched a rewards program, which allows holders to claim a percentage of interest rewards.
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In March, the dog-themed memecoin unveiled its 2024 roadmap, outlining several upcoming features and consumer-focused initiatives. The plans include controlled digital bank accounts that allow users to create bank accounts and fund transactions using FLOKI tokens.
The roadmap includes a partnership with a licensed fintech company enabling digital bank accounts with Swift Payments and SEPA IBAN capabilities, which will expand into Canada, Spain, Dominica, Australia and the United Arab Emirates.
In January, the Hong Kong Securities and Futures Commission (SFC) warned the public about the “Floki Staking Program” and “TokenFi Staking Program”.
SFC promises that these products will provide useful services and provide 30% to 100% annual income. Despite this, they are not licensed for public sale in Hong Kong.
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