The Floki protocol team commits to adhering to Hong Kong authorities' required measures.

This follows a warning from the Hong Kong Securities and Futures Commission (SFC) regarding the risks associated with 'Floki Staking Program' and 'TokenFi Staking Program.'

These investment products, tied to the Floki protocol, claim potential annual returns ranging from 30% to over 100% through staking services.

The SFC emphasises that these products lack authorisation for public sale in Hong Kong.

Staking involves users contributing cryptocurrency to a staking pool, akin to depositing money into a savings account, and aids in validating blockchain transactions while enhancing security and decentralisation.