Floki Inu, a prominent memecoin project, has warned its users and the broader cryptocurrency community about ongoing scams involving unauthorized tokens falsely associated with its brand. These fraudulent tokens have surfaced on the Solana and Base blockchains, misleading investors.
The official Twitter account of Floki Inu, @RealFlokiInu, took to social media to alert its followers about these scam tokens. The team emphasized that the legitimate FLOKI token is exclusively available on the BNB Smart Chain and Ethereum networks.
Floki listed Ethereum address 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e and BNB Smart Chain address 0xfb5b838b6cfeedc2873ab27866079ac55363d37e as the correct contract addresses for its tokens to help users avoid scams.
Floki Inu urged its community to obtain token information only 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 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, thereby enhancing the utility of the Floki Inu token within its ecosystem.
The service leverages the SPACE ID architecture, ensuring interoperability with numerous decentralized applications (DApps), including popular wallets and exchanges like Trust Wallet and PancakeSwap.
Additionally, Floki Inu has achieved a significant milestone, surpassing 417,400 holders on the BNB Chain. To celebrate this achievement, Floki Inu launched a rewards program, allowing holders to claim a percentage of interest rewards.
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 that will enable digital bank accounts with Swift payments and SEPA IBAN capabilities, expanding reach across Canada, Spain, Dominica, Australia, and the UAE
In January, the Hong Kong Securities and Futures Commission cautioned the public about the “Floki Staking Program” and “TokenFi Staking Program.”
The SFC noted that these products provide staking services and promise annualized returns from 30% to over 100%. Despite this, they lack authorization for public sale in Hong Kong.