Floki Inu, the web3 project behind the popular meme token FLOKI, has announced a strategic partnership with Binance Pay, the crypto payment feature of Binance, the world’s largest cryptocurrency exchange. The partnership aims to boost the adoption of Floki Shop, the official merchandise store of Floki Inu, where customers can buy various items with FLOKI tokens.
Binance Pay is a secure and contactless payment solution that allows users to pay and get paid in crypto from their Binance accounts. Binance Pay will be the main crypto payment service provider for Floki Shop, enabling customers to easily purchase products with FLOKI and other supported cryptocurrencies.
As part of the partnership, Floki Inu and Binance Pay will launch a marketing campaign that will reward users who buy at least $1 worth of goods using FLOKI through Binance Pay from any eligible Binance Marketplace merchants. The campaign will run from June 1 to June 30, 2023, and will feature Floki Inu on Binance’s social media channels.
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Floki Inu is inspired by the Shiba Inu breed and the meme culture that surrounds it. Floki Inu is not just another meme coin, but a serious project with a solid roadmap and a dedicated team of developers. Floki Inu has several features that make it stand out from other similar projects, such as:
A unique tokenomics model that rewards holders with passive income and burns tokens to reduce supply and increase value.
A charitable aspect that donates a percentage of every transaction to animal shelters and rescue organizations.
A vibrant and active community that engages in social media campaigns, contests, giveaways, and more.
A future plan to launch a decentralized exchange, a NFT marketplace, a gaming platform, and a metaverse.
Floki Inu’s vision is to become the leading meme token in the crypto space, with innovative features such as NFTs, gaming, education, charity, and more. Floki Inu also plans to launch its own blockchain, called FlokiVerse, which will enable faster and cheaper transactions for FLOKI holders.
Floki Inu’s partnership with Binance Pay is a significant milestone for the project, as it demonstrates its commitment to expanding its reach and utility. By leveraging Binance’s massive user base and reputation, Floki Inu hopes to attract more customers and supporters to its ecosystem.
Binance Recovers Stolen Crypto for US Feds
Binance, has announced that it has helped the U.S. Department of Justice and the Internal Revenue Service recover over $300 million worth of crypto assets that were stolen by a cybercriminal group.
According to a press release, Binance cooperated with the law enforcement agencies to identify and track down the perpetrators of a series of ransomware attacks, phishing campaigns, and other malicious activities that targeted various organizations and individuals across the globe.
Binance said that it used its advanced security and analytics tools to trace the flow of the stolen funds and provide actionable intelligence to the authorities. Binance also froze some of the accounts associated with the criminal group and seized some of the assets.
Binance’s Chief Compliance Officer Samuel Lim said that the exchange is committed to fighting cybercrime and protecting its users. He added that Binance will continue to collaborate with law enforcement agencies and other industry partners to combat illicit activities in the crypto space.
Binance is not the only crypto exchange that has assisted the authorities in recovering stolen funds. In June 2020, Coinbase helped the FBI recover over $1 million worth of Bitcoin that was extorted from a U.S. company by a hacker group called NetWalker.