On Tuesday, January 30, 2024, Floki CEO addressed concerns raised by Hong Kong’s Securities and Futures Commission (SFC) regarding the high Annual Percentage Yield (APY) of the Floki and TokenFi staking programs. The SFC had listed the programs as “suspicious” on January 26, 2024, due to a misunderstanding of how the staking rewards are generated. In response, Floki reaffirmed its commitment to…
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