Floki Inu, a memecoin project, has alerted its users and the cryptocurrency community about ongoing scams involving unauthorized tokens falsely associated with its brand on Solana and Base blockchains.

Floki Inu’s Warning to Investors

The official Twitter handle of Floki Inu, @RealFlokiInu, took to social media to warn its followers about the scam tokens, noting that the original FLOKI token is only available on the Binance Smart Chain (BNB) and Ethereum (ETH) networks.

Scam Warning

It has come to our attention that there are scams claiming #Floki has a token on #Base or #Solana.

Please note: $FLOKI is ONLY tradeable on the $BNB and $ETH chains with the following correct contract addresses:

ETH:…

— FLOKI (@RealFlokiInu) June 29, 2024

The cryptocurrency project shared correct contract addresses for its tokens on these platforms, stressing that users should only obtain token information from official sources to avoid being scammed. The correct contract addresses are:

ETH: 0xcf0c122c6b73ff809c693db761e7baebe62b6a2e
BNB: 0xfb5b838b6cfeedc2873ab27866079ac55363d37e

These measures are indicative of Floki Inu’s preparedness to curb the incidences of scam projects that exploit the brand to dupe investors.

Expanding Utilities and Reward Scheme

Despite these security threats, Floki Inu has been enhancing the functionality and usage of its ecosystem with significant projects such as the FLOKI Name Service. This new service which has been rolled out on the BNB Chain mainnet, enables people to register Decentralized domain names with the .floki extension, enhancing the practical utility of the Floki Inu token within its growing ecosystem. 

This service leverages the SPACE ID architecture to ensure interoperability with several DApps, including popular wallets and exchanges like Trust Wallet and PancakeSwap.

Meanwhile, the memecoin project FLOKI has also marked a milestone of having more than 417,400 holders on the BNB Chain. In celebration of this achievement, FLOKI launched a rewards program where holders could claim a percentage of interest rewards. Consequently, this was made known to the community on X, as the project continues to ensure that its loyal supporters are being rewarded.

In addition, FLOKI has grown substantially, including its recent listing on Binance Thailand and reaching over 610,000 followers on X.

FLOKI Price Trend

Floki price, meanwhile, has been bullish in the last 24 hours despite failing to breach the intra-day high of $0.0001709. Bears seized market control due to this pullback from the resistance before support was established at $0.0001626. 

At press time, FLOKI was trading at $0.0001638, a 0.18% surge from the intra-day low. 

During the rally, FLOKI’s market capitalization surged by 0.18% to $0.0001638, while the 24-hour trading volume fell by 25% to $121,799,971. This decline in the trading volume suggests that traders may be taking profit from the recent bullish rally.

Read Also: FLOKI Celebrates 417,400 Holder Milestone, Plots Mega Move In India

The post Floki Inu Warns Against Scam Tokens on Solana and Base appeared first on CoinGape.

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Filed under: News - @ June 30, 2024 12:12 am