The Floki Inu memecoin project has issued a cautionary notice to its users and the wider cryptocurrency community regarding ongoing scams involving unauthorized tokens falsely claiming association with its brand. These fraudulent tokens have emerged on both the Solana and Base blockchains, deceiving potential investors.
The official Floki Inu X account took to social media to notify its followers about these scam tokens, emphasizing that the authentic Floki Inu (FLOKI) token is exclusively accessible on the BNB Smart Chain and Ethereum networks. To assist users in avoiding scams, Floki provided the correct contract addresses for its tokens on Ethereum (“0xcf0c122c6b73ff809c693db761e7baebe62b6a2e”) and BNB Smart Chain (“0xfb5b838b6cfeedc2873ab27866079ac55363d37e”).
Floki Inu urged its community to rely solely on official sources for token-related information to safeguard themselves against fraudulent activities.
Despite these security challenges, Floki Inu continues to enhance the functionality and utility of its ecosystem. A significant development includes the introduction of the FLOKI Name Service on the BNB Chain mainnet, enabling users to register decentralized domain names with the .floki extension.
Source: Floki Inu
This service utilizes the Space ID architecture, facilitating interoperability with various decentralized applications (DApps) such as Trust Wallet and PancakeSwap.
Floki Inu has now surpassed 417,400 holders on the BNB Chain. To commemorate this milestone, Floki Inu launched a rewards program enabling holders to claim interest rewards.
In March, the dog-themed memecoin unveiled its 2024 roadmap, outlining upcoming features and utility-focused initiatives. These plans encompass the introduction of regulated digital banking accounts, allowing users to establish and fund bank accounts using FLOKI tokens.
Additionally, the roadmap includes a partnership with a licensed fintech firm to introduce digital bank accounts equipped with Swift payments and SEPA IBAN capabilities, expanding initially across Canada, Spain, Dominica, Australia, and the United Arab Emirates.
Earlier in January, the Hong Kong Securities and Futures Commission (SFC) issued a public caution regarding the “Floki Staking Program” and “TokenFi Staking Program.” These products offer staking services and promise annualized returns ranging from 30% to over 100%, yet lack authorization for public sale in Hong Kong.
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