Binance's guide on buying the protocol’s native token provoked a very positive impact.
Binance Boosts Floki Adoption
Memecoin protocol, Floki appears to have profited from Binance's strong influence in the industry. Binance is the leading cryptocurrency exchange platform in the Centralized Finance (CeFi) and Decentralized Finance (DeFi) space. In addition, the Centralized Exchange (CEX) platform is prominent in the crypto space.
On April 12, Floki gained recognition from the popular exchange platform. Binance published a guide on buying the utility token on BNB Chain. The publication placed Floki's native $FLOKI token in the league of recognized cryptocurrencies in the world. Following the protocol’s recognition by Binance, $FLOKI adoption increased. As a result, Floki became the most traded BNB Chain memecoin on April 14, according to BSCDaily data, which the meme project shared on Twitter.
“$FLOKI has made it to the top of the list again, as the most traded #memecoin on the #BNBChain in the last 24 hours according to @bsc_daily! The #BSC ecosystem has contributed immensely to #Floki’s growth. We will continue to #BUIDL and support the ecosystem!” Floki wrote.
Another cryptocurrency analytics platform, Crypto Data on Twitter, dropped its report about Floki. This time, the utility token was recorded as the most traded memecoin over 24 hours on BNB Chain and across all chains. Crypto Data curated the data on April 15, as $FLOKI hit a 24-hour trading volume of $11Million.
Floki has justified its recent recognition from Binance. The protocol has made significant progress since its inception in June 2021, with over 400,000 holders across BNB Chain and Ethereum, plus comprehensive social media coverage. While Binance’s publication has increased its token’s adoption, Floki has proven to be one of the outstanding meme projects in the DeFi space.
Are you interested in buying $FLOKI? Read Binance’s guide HERE.
What is Floki:
Floki began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki is currently the third most popular meme token on the market behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Where else to find out about Floki:
Website | Twitter | Telegram | Discord
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This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News
Binance Executive Tigran Gambaryan Sues Nigeria's NSA and EFCC
The lawsuit reflects escalating tensions amidst allegations of innocence and regulatory scrutiny surrounding Binance Nigeria's alleged involvement in illicit financial activities.
The detained executive of Binance, Mr. Tigran Gambaryan, has taken legal action against Nigeria's National Security Adviser (NSA) Nuhu Ribadu, and the Economic and Financial Crimes Commission (EFCC).
Gambaryan, along with the firm's Africa Regional Manager, Mr. Nadeem Anjarwalla, filed a fundamental human rights violation suit amidst ongoing legal turmoil.
Gambaryan's legal challenge, initiated alongside his lawyer Mr. Olujoke Aliyu, aims to address his prolonged detention by the federal government. The suit, presented before Justice Inyang Ekwo of the Federal High Court in Abuja, challenges the legality of Gambaryan's continued confinement and the seizure of his international travel passport.
Gambaryan, a US citizen overseeing financial crime compliance at Binance, contends that his detention and passport seizure violates Section 35 (1) and (4) of Nigeria's 1999 Constitution. His legal team seeks various reliefs, including his release from custody, the return of his passport, a public apology from the NSA and EFCC, and an injunction against future investigations.
Allegations of Innocence Amidst Legal Turmoil
Gambaryan and his colleague's legal representatives maintain their innocence, claiming that the arrests occurred during discussions with Nigerian authorities regarding legal conflicts involving Binance.
In a dramatic turn of events, Binance's African regional manager, Nadeem Anjarwalla, recently fled Nigerian custody. Anjarwalla's escape follows mounting tensions surrounding the Nigerian authorities' investigation into alleged illicit financial activities involving Binance Nigeria, totaling a staggering $26 billion.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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