To strategically enhance the security of its liquidity tokens, BinStarter, a top-tier decentralized launchpad, has x.com/RealFlokiInu/status/1807715756127449560″ target=”_blank” rel=”noopener nofollow”>Announced its adoption of Floki’s DeFi locking protocol, FlokiFi Locker. As revealed, the protocol will help BinStarter to securely lock its liquidity tokens again.
BinStarter locks liquidity again with Floki Locker
According to the team, this new lock demonstrates the “strong and trustworthy collaboration” it has maintained with BinStarter since August 2022. With this collaboration, the project hopes to accelerate the widespread acceptance of the Locker protocol and make it a standard feature for projects around the world.
The message read:
This new lock highlights the strong and trustworthy partnership we have had with BinStarter since August 2022. This partnership aims to drive mass adoption of the FlokiFi Locker protocol and establish it as a standard feature for projects worldwide.
So far, the project team has taken steps to address any misconceptions about the development, noting that just because a project implements a lock with their locking solution does not mean they endorse the project, but rather it underlines the use of their cryptographic locking system.
According to the team, the solution is the only locker protocol in the world that has adopted the ERC-1155 standard. In additionLocker is the only protocol that allows batch locking of nfts and locking multiple assets in a single transaction.
The team warns about fraudulent tokens
This recent development comes after the platform x.com/RealFlokiInu/status/1807133238055628806″ target=”_blank” rel=”noopener nofollow”>warned Its robust community has been concerned about the appearance of fake FLOKI tokens on the Solana and Base blockchains. This warning is especially relevant with the current wave of negative sentiment seen around the meme coin market.
The team stressed that these fake tokens aim to take advantage of unsuspecting investors by imitating the brand name and are not backed by the project. They therefore urged the community to avoid them. Floki-branded tokens on the Solana and Base blockchains, emphasizing that the token only works on the ethereum and BSC networks.
Featured image from Adobe Stock, chart from Tradingview.com
