- Floki Inu advised its consumers to only get token information from reliable sources in order to prevent falling for these scams.
Users and the larger cryptocurrency community have been alerted to ongoing scams by the Floki Inu memecoin project about unlicensed tokens that are mistakenly linked to its brand. The fake tokens that have appeared on the Base and Solana blockchains have duped investors.
Floki Inu’s official X account used social media to notify its followers about the fraudulent tokens. It made clear that the genuine Floki Inu (FLOKI) coin can only be found on the Ethereum and BNB Smart Chain networks.
Floki Inu advised its consumers to only get token information from reliable sources in order to prevent falling for these scams.
The ecosystem expansion of Floki Inu
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.
This service allows users to register decentralized domain names with the.floki extension.
The service makes use of the Space ID architecture to facilitate communication with a wide range of decentralized apps (DApps), such as well-known exchanges and wallets like PancakeSwap and Trust Wallet.
On the BNB Chain, Floki Inu has overtaken 417,400 holders. In observance of the occasion, Floki Inu introduced a rewards program that enables holders to obtain interest rewards as a percentage.
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.
The roadmap calls for expansion into Canada, Spain, Dominica, Australia, and the United Arab Emirates, as well as enabling digital bank accounts with SEPA IBAN capabilities and Swift payments through a relationship with a regulated fintech company.
Public warnings on the Floki Staking Program and TokenFi Staking Program were issued in January by the Hong Kong Securities and Futures Commission (SFC).
These products offer staking services and offer annualized returns ranging from above 100% to 30%, according to the SFC. They are not authorized for public sale in Hong Kong, notwithstanding this.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
