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Floki Inu Restricts Access to Staking Programs in Hong Kong: Regulatory Concerns Addressed

In a recent development, Floki Inu has made the decision to block users in Hong Kong from accessing its staking programs. This action follows a warning from the Securities and Futures Commission of Hong Kong, which raised concerns about the staking programs being labeled as suspicious investment products due to the high annualized return targets ranging from 30% to over 100%. Despite the regulatory scrutiny, the Floki team has come forward to defend the elevated Annual Percentage Yield (APY) by explaining that it is a result of allocating the majority of TokenFi's token supply to stakers. Key Points: Floki Inu has restricted access to its staking programs for users in Hong Kong. The Securities and Futures Commission of Hong Kong issued a cautionary warning regarding the staking programs' high annualized return targets. The Floki team justified the high APY by attributing it to the allocation of the majority of TokenFi's token supply to stakers.

Unveiling the Exciting PIXEL Token Airdrop from Pixels: Everything You Need to Know

Pixels, the buzzy blockchain game, is gearing up for its highly anticipated PIXEL token airdrop following the latest play-to-airdrop campaign. The team behind the Ronin-based game is keeping the excitement alive by offering additional assets to the community. Here's a breakdown of the latest developments:

Giveaway Initiative Details:

  • Initiative Kickoff: Pixels initiated a giveaway campaign on Wednesday through Twitter.
  • Offered Rewards: Participants have the chance to earn a Farm Land plot, free in-game NFTs, Ronin (RON) tokens, and coupons for a complimentary VIP membership.
  • Value: The Ethereum NFTs being distributed are valued at around 1.6 ETH on secondary marketplaces, nearly equivalent to $3,500.

Additional Rewards and Opportunities:

  • Daily Tasks: Players can engage in daily tasks within the web-based farming and social game to unlock additional rewards.
  • Future Play-to-Earn: While there won't be more earning opportunities leading up to the airdrop, Pixels founder Luke Barwikowski confirmed that the game will feature its own play-to-earn rewards post-token launch.

Background on Pixels and Ronin:

  • Platform Migration: Originally built on the Ethereum sidechain network Polygon, Pixels made the transition to Ronin in late October.
  • Impact: The move to Ronin generated renewed interest in the network, leading to a surge in active users.

Ronin's Evolution:

  • Gaming Focus: Ronin, created by game studio Sky Mavis for Axie Infinity, has expanded to welcome other projects like The Machines Arena, Apeiron, and Zoids Wild Arena.
  • Growing Ecosystem: The network's openness to external studios has cultivated a vibrant ecosystem, fostering innovation and collaboration within the gaming space.

As the PIXEL token launch draws closer, the community eagerly anticipates the airdrop and the exciting prospects that lie ahead in the world of Pixels and Ronin.

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