By Key Points
- Floki Inu alerts that there are fake tokens on Base and Solana, adding that their real tokens can only be found in BNB Smart Chain and Ethereum.
- FLOKI Name Service has been launched on BNB Chain allowing users to register .floki domain names.
- The closed beta of Floki Trading Bot went beyond expectations as it showed significant potential for future adoption.
- It is advisable to get token info from official sources in order not to fall for scams, according to Floki Inu.
A well-known meme coin project called Floki Inu has warned its community and the wider crypto market about counterfeit tokens presenting themselves as genuine ones. These fraudulent tokens were discovered operating on the Base and Solana blockchains with the intention of misleading unsuspecting investors.
On their official X account, Floki Inu emphasized that the genuine FLOKI token is available only on the BNB Smart Chain and Ethereum networks. To help users identify the real token, they provided correct contract addresses which are: Ethereum address “0xcf0c122c6b73ff809c693db761e7baebe62b6a2e” and BNB Smart Chain address “0xfb5b838b6cfeedc2873ab27866079ac55363d37e.”
The team behind Floki Inu has urged their community to verify token information from official channels to avoid falling into these fake schemes. The rise in counterfeit coins poses a threat not just to financial investments but also to the reputation of legitimate projects.
CRYPTO BREAKING NEWS
Floki Inu alerts community to fake tokens on Base and Solana. The Floki Inu team have alerted their users and the crypto community about scams involving fake tokens pretending to be part of their brand. These fake tokens have shown up on the Solana and… pic.twitter.com/CPKV5iGKfN— InnovatekMobile (@Neome_com) June 30, 2024
Ecosystem Growth at Floki Inu
Despite these security risks, Floki Inu continues expanding its ecosystem showing resilience and innovation. Amongst notable developments is the launching of the FLOKI Name Service mainnet on the BNB Chain.
This service allows users to register decentralized domain names with the .floki extension which boosts their digital identity within the Floki environment.
FLOKI Name Service
This service marks progress in the projects’ ecosystem as it allows users to personalize their online presence. By registering .floki domain names, unique decentralized identities can be created thus contributing towards wider adoption of the Floki ecosystem.
Floki Trading Bot Exceeds Expectations
In another exciting development, the closed beta test for Floki Trading Bot surpassed all expectations. The beta ran from 27th May to 14th June 2024 and initially opened up to 150 users but due to high demand, over 350 users got access. Even though they closed access shortly after the announcement, about 1,700 people attempted trading bot usage—11.33 times more than expected.
Here are some highlights from the beta test:
- User Demand: Initially meant for 150 users, demand pushed participation beyond 350.
- Feedback and Improvements: Over 350 feedback submissions were received by the team with most suggestions being implemented for bettering the bot.
- Strong Community Response: High engagement levels coupled with positive feedback indicate that there will be strong future adoption for this trading bot.
For context, last week alone top four trading bots generated an average of $1? 86 million in fees. None of these bots launched with such a robust community as Floki’s which points out the potential impact that may come through this particular Trading Bot launch by Floki Inu.
With approximately 495 thousand on-chain holders and many more on CEXs, the Floki Trading Bot is set to launch into a large user base thereby potentially speeding up its adoption and usage.
The fact that while expanding its ecosystem flokis is also protecting its community against scams shows a drive for growth alongside safety in Flokis which makes it one of the key players within the crypto space as it continues innovating on its offerings.
