BinStarter, a leading decentralized launchpad, is enhancing the security of its liquidity tokens by implementing Floki’s DeFi locker protocol, FlokiFi Locker. This move aims to safeguard the liquidity tokens effectively.
BinStarter Enhances Security with Floki’s Locker
Floki recently shared on the X platform about BinStarter’s decision to use the Locker to relock its liquidity tokens. By doing so, BinStarter aims to protect its tokens from potential threats and enhance investor trust. Maintaining liquidity is crucial in DeFi to ensure project stability and investor interests.
The partnership between BinStarter and Floki, which began in August 2022, aims to promote the widespread adoption of the Locker protocol and establish it as a standard in projects globally.
The Locker solution, introduced in 2022, quickly gained popularity in the crypto space, forming partnerships with major protocols like Chainlink and ApeSwap. By integrating with various projects, Floki aims to expand its presence in the blockchain industry and attract new investors.
The Locker protocol is unique for embracing the ERC-1155 standard and allowing batch locking of NFTs and multiple assets in a single transaction.
Alert About Fake Tokens
BinStarter recently warned its community about fraudulent FLOKI tokens appearing on the Solana and Base Blockchain. These tokens, not supported by the project, seek to deceive investors by mimicking the brand. The community was urged to avoid such tokens on the Solana and Base networks as FLOKI is only operational on Ethereum and BSC networks.
