BinStarter Leverages Floki’s DeFi Locker Solution For Liquidity Token Security

To strategically improve the safety of its liquidity tokens, BinStarter, a top decentralized launchpad, has announced its adoption of Floki’s DeFi locker protocol, FlokiFi Locker. As disclosed, the protocol will help BinStarter lock its liquidity tokens safely again.

BinStarter Re-Locks Liquidity With Floki’s Locker

On Monday, the team behind Floki took to the X (formerly Twitter) platform to share the update with the crypto community. By adopting the Locker, the cross-chain launchpad plans to relock its liquidity tokens, protecting them from any potential criminal activity and boosting investor confidence.
Within the DeFi space, this procedure is essential because it keeps liquidity from being removed too early, which could undermine a project’s stability and jeopardize the interest of investors.

In line with the team, this relock demonstrates the “firm and dependable cooperation” it has had with BinStarter since August 2022. With this collaboration, the project hopes to speed up the Locker protocol’s widespread acceptance and make it a normal feature for projects worldwide.

The post read:

This relock highlights the robust and reliable partnership we’ve got maintained with BinStarter since August 2022. This partnership goals to spur the mass adoption of the FlokiFi Locker protocol and establish it as a normal feature for projects world wide.

To this point, the project’s team has taken measures to handle any misconception of the event, noting that a project carrying out a lock with its locker solution doesn’t mean they endorse the project. Quite, it underscores using its crypto locker system.

Following its initial launch in 2022, the locker solution quickly gained popularity in crypto, securing major partnerships with key protocols like Chainlink, ApeSwap, and others. Beyond the advantages of every integration, Floki hopes to expand its reach within the blockchain business through these collaborations, which introduce the service to latest and prospective investors.

In line with the team, the answer is the one locker protocol on the planet that has embraced the ERC-1155 standard. Moreover, the locker is the only real protocol that allows batch locking of NFTs and multiple asset locking in a single transaction. 

The Team Warns Of Fraudulent Tokens

This recent development comes after the platform warned its robust community concerning the emergence of pretend FLOKI tokens on the Solana and Base Blockchain. This warning is particularly relevant with the present wave of negative sentiment witnessed across the meme coin market.

The team emphasized that these fake tokens are intended to benefit from unsuspecting investors by imitating the brand’s name and are usually not supported by the project. Thus, they’ve urged the community to avoid FLOKI-branded tokens on the Solana and Base blockchain, underlining that the token only functions on the Ethereum and BSC networks. 

FLOKI trading at $0.00018367 on the 1D chart | Source: FLOKIUSDT on

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