The Floki Inu memecoin project has warned users and the broader cryptocurrency community about ongoing scams involving unauthorized tokens falsely associated with the brand.

These fraudulent tokens have surfaced on the Solana and Base blockchains and are misleading investors.

Legitimate FLOKI token available exclusively on BNB and Ethereum networks

A warning about these scam tokens was posted on Floki Inu’s official X account. It was emphasized that the legitimate Floki Inu (FLOKI) token is exclusively available on the BNB Smart Chain and Ethereum networks.

Floki shared the Ethereum address “0xcf0c122c6b73ff809c693db761e7baebe62b6a2e” and the BNB Smart Chain address “0xfb5b838b6cfeedc2873ab27866079ac55363d37e” as the correct contract addresses for its tokens to help users avoid scams.

Floki Inu urged his community to only obtain information about tokens from official sources to avoid falling victim to these fraudulent schemes.

De FLOKI Name Service

Despite these security threats, Floki Inu continues to improve the functionality and utility of its ecosystem. One notable 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 leverages the Space ID architecture to enable interoperability with a variety of decentralized applications (DApps), including popular wallets and exchanges such as Trust Wallet and PancakeSwap.

Floki Inu has passed the milestone of 417,400 holders on the BNB Chain. To celebrate, Floki Inu launched a rewards program, allowing holders to claim a percentage of the interest rewards.

Roadmap for 2024

Last March, the dog-themed memecoin unveiled its 2024 roadmap, announcing several upcoming features and utility-focused initiatives.

These plans include regulated digital bank accounts, which will allow users to create and fund bank accounts using FLOKI tokens. The roadmap also includes a partnership with a licensed fintech company that will enable digital bank accounts with Swift payments and SEPA IBAN capabilities, expanding across 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 the ‘TokenFi Staking Program’. The SFC noted that these products offer staking services and promise annualized returns of 30% to over 100%. Despite this, they have not received approval for any form of public sale in Hong Kong.


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