The Floki Inu memecoin project has alerted its community and the broader cryptocurrency sphere about scams involving unauthorized tokens falsely linked to its brand. These fraudulent tokens have appeared on the Solana and Base blockchains, deceiving investors.
Official Warning from Floki Inu
Floki Inu’s official X account took to social media to inform its followers about these scam tokens. The project emphasized that the legitimate Floki Inu (FLOKI) token is only available on the BNB Smart Chain and Ethereum networks. To aid users in avoiding scams, Floki Inu provided the correct contract addresses for its tokens:
- Ethereum:
0xcf0c122c6b73ff809c693db761e7baebe62b6a2e - BNB Smart Chain:
0xfb5b838b6cfeedc2873ab27866079ac55363d37e
Floki Inu urged its community to obtain token information solely from official sources to prevent falling victim to these fraudulent schemes.
Floki Inu’s Ecosystem Growth
Despite these security threats, Floki Inu continues to enhance its ecosystem’s functionality and utility. A significant development is the introduction of the FLOKI Name Service on the BNB Chain mainnet, allowing users to register decentralized domain names with the .floki extension.
This service uses the Space ID architecture, enabling interoperability with numerous decentralized applications (DApps), including popular wallets and exchanges like Trust Wallet and PancakeSwap.
Growing User Base and Rewards Program
Floki Inu has surpassed 417,400 holders on the BNB Chain. To celebrate this milestone, Floki Inu launched a rewards program, allowing holders to claim a percentage of interest rewards.
Roadmap and Future Plans
In March, the dog-themed memecoin unveiled its roadmap for 2024, revealing several upcoming features and utility-focused initiatives. The plans include regulated digital banking accounts, enabling users to create and fund bank accounts using FLOKI tokens.
The roadmap includes a partnership with a licensed fintech firm to enable digital bank accounts with Swift payments and SEPA IBAN capabilities, expanding across Canada, Spain, Dominica, Australia, and the United Arab Emirates.
Regulatory Warnings
In January, the Hong Kong Securities and Futures Commission (SFC) cautioned the public about the “Floki Staking Program” and “TokenFi Staking Program.” The SFC noted that these products offer staking services and promise annualized returns from 30% to over 100%. However, they lack authorization for public sale in Hong Kong.