Bitcoin price stands at $61,600, and there is a slight market recovery. Whether this will continue is uncertain. Meanwhile, the popular meme coin Floki Inu has warned its community about scam risks. Investors need to heed these warnings to avoid falling victim.
FLOKI INU News
The Floki Inu team warned its community about scammers through its official X account. This warning aims to prevent significant losses due to fake tokens being associated with the official FLOKI Coin. Fake counterparts are created for each token on different networks, causing harm to unsuspecting investors.
The warning on the X account reminded users that the real FLOKI Coin is only available on the BNB Smart Chain and Ethereum networks. Floki also shared the correct contract addresses to protect users from scams.
“Ethereum address 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e and BNB Smart Chain contract address 0xfb5b838b6cfeedc2873ab27866079ac55363d37e”.
FLOKI Inu Ecosystem
In addition to the recent warning, the ecosystem continues to grow. The team, aiming to expand functionality and accessibility, launched FLOKI Name Service on the BNB Chain mainnet. This service allows the creation of floki-extension wallet addresses, similar to the Ethereum name service ENS.
The service leverages Space ID architecture to integrate with many decentralized applications, including popular wallets and exchanges like Trust Wallet and PancakeSwap. The number of FLOKI Coin investors on the BNB network recently surpassed 417,000, and Floki management announced a new reward program.
Floki, which revealed its 2024 roadmap at the end of the first quarter of this year, is working on new initiatives. Although ambitious, steps will be taken to enable users to create and fund regulated digital banking accounts using FLOKI tokens.
In January, the Hong Kong Securities and Futures Commission (SFC) issued warnings about both the “Floki Staking Program” and the “TokenFi Staking Program.” The regulatory body considers these services, which promise returns ranging from 30% to 100%, to be risky.
RWA headlines have also made TokenFi a subject of criticism.
