Floki Inu Warns About Fake Tokens On Solana And Base Networks

Floki Inu urged investors to obtain token information only from official sources to avoid falling victim to these fraudulent schemes.

The Floki Inu memecoin project has warned cryptocurrency investors about unauthorized tokens that are falsely associated with its brand. These fake tokens have appeared on the Solana and Base networks, misleading investors.

Floki Inu's official X account issued a statement to inform followers about these fraudulent tokens, clarifying that the genuine Floki Inu (FLOKI) token is only available on the BNB Smart Chain and Ethereum networks.

To help users avoid fraud, Floki Inu provided the correct contract addresses: "0xcf0c122c6b73ff809c693db761e7baebe62b6a2e" for Ethereum and "0xfb5b838b6cfeedc2873ab27866079ac55363d37e" for BNB Smart Chain.

Floki Inu urged its community to obtain token information only from official sources to avoid falling victim to these scams. Additionally, Floki Inu continues to enhance its ecosystem, recently launching 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 ensure compatibility with numerous decentralized applications (DApps), including popular wallets and exchanges such as Trust Wallet and PancakeSwap.

Floki Inu has announced that the number of holders on the BNB Chain has surpassed 417,400. To celebrate this milestone, the project has launched a reward program that allows holders to claim a portion of interest rewards.

In March, the dog-themed memecoin revealed its 2024 roadmap, introducing a series of new features and benefit-focused initiatives. Among these plans is the introduction of regulated digital banking accounts that enable users to create and fund accounts using FLOKI tokens.

The roadmap includes the activation of digital banking accounts with Swift payments and SEPA IBAN features, as well as a partnership with a licensed fintech firm expanding in Canada, Spain, Dominica, Australia, and the United Arab Emirates.

In January, the Hong Kong Securities and Futures Commission (SFC) issued a public warning about the "Floki Staking Program" and the "TokenFi Staking Program." The SFC noted that these products offer staking services with annual returns ranging from 30% to over 100%. However, the staking programs are not authorized for public sale in Hong Kong.

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