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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.

Twentysix Cloud: Revolutionizing Decentralized Cloud Solutions for Businesses

Twentysix Cloud: Revolutionizing Decentralized Cloud Solutions

Twentysix Cloud, the all-in-one decentralized cloud marketplace powered by aleph im's Decentralized Physical Infrastructure Network (DePIN), has made a significant debut in the realm of cloud computing. This launch signifies a crucial stride in meeting the escalating demand for computing resources by seamlessly bridging decentralized cloud solutions with modern business requirements.

Key Features of Twentysix Cloud:

  • Comprehensive Offerings: Twentysix Cloud presents a spectrum of blockchain-based services including storage, compute engine, indexing, and AI solutions tailored for businesses and applications.

  • Secure and Transparent Experience: Leveraging the aleph im network, Twentysix Cloud ensures a secure, resilient, and transparent user experience, setting a new benchmark for contemporary cloud infrastructures.

  • Decentralized Architecture: Operating through numerous independent nodes globally, Twentysix Cloud's decentralized design caters to the evolving needs of businesses and developers, providing a versatile environment for a diverse range of applications.

  • Pay As You Go Model: Twentysix Cloud now offers a Pay As You Go (PAYG) model, allowing users to pay solely for the resources they utilize, thereby reducing costs through resource distribution. Payments can be made in ALEPH, the network's native token, or stablecoins, with charges calculated by the millisecond for optimal payment solutions utilizing Avalanche C chain and Superfluid.

  • Integration with EVM Blockchains: Enhancing its integration with EVM blockchains like Avalanche, Twentysix Cloud streamlines global streaming payments, facilitating a seamless PAYG system that effortlessly operates across node operators contributing independently to network maintenance and security.

Jonathan Schemoul, the co-founder and CEO of aleph im, emphasized the versatility of Twentysix Cloud in providing a wide array of products for companies seeking alternative cloud solutions. With this innovative approach, users can leverage the platform without the need to hold or stake tokens, thereby fostering accessibility and ease of adoption.

With its robust architecture, seamless connectivity for on-chain and off-chain data, and commitment to decentralized principles, Twentysix Cloud stands at the forefront of reshaping the cloud computing landscape. As businesses increasingly seek flexible, cost-effective, and reliable cloud solutions, Twentysix Cloud's emergence marks a pivotal moment in the evolution of decentralized cloud infrastructures.

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