Home Altcoins News Why Floki Inu (FLOKI) Developers Cannot Run Away With Your Money Or Do Rug Pull?

Why Floki Inu (FLOKI) Developers Cannot Run Away With Your Money Or Do Rug Pull?

Why Floki Inu (FLOKI) Developers Cannot Run Away With Your Money Or Do Rug Pull

Floki Inu expressed:  Liquidity has been locked on Floki’s upgraded Nottingham contract for 265 years. Here is proof of the liquidity lock on the ETH and BSC blockchains.

Community Reaction:  What is the meaning of Liquidity has been locked on Floki? Pls help in understanding.

It means that this money is locked up and get not be touched by the team. This is a protection for users, making it impossible to rug-pull for the team.  It means developers cannot run away with your money or do rug pull.

So, a clearer explanation about how the Nottingham Upgrade Fixes Previously Undetected V1 inflation bug is as follows:

Upgrading the Floki Smart Contract Permits DAO functionality.  A bug in Floki only recently came in to light.  However, The Nottingham Upgrade fixes the “major V1 inflation bug.”

When doing the upgrade, the lead developer of Floki did a clear audit of all the previous Floki Smart Contracts to ensure that the new contract is flawless.  Further, the token distribution during the “V1 to V2 migration” was also done.

During the audit process they came across an inflation bug.  Thus, due to the inflation bug, people will be getting more tokens than what they should actually get with the V1 to V2 upgrade.

So what were the problems created by the bug is there any history to it?  When the original Floki dev launched the first version of the token it was advertised that the original contract had a fixed supply with a 10% tax on every transaction. From the tax about 5% will go for marketing the wallet and 5% will be going to the redistribution to the holders.

However, the contract had a bug that increased supply by 14 times in less than two weeks.  The old developer got pushed by the community to fix the bug and upgrade the contract.  However, the old dev did not fix the error and he abandoned the project.

After the original Floki dev abandoned the project, there was another developer who entered and revived the code.  The new developer launched an emergency plan by creating a new contract, thus helping to revive the project in 24 hours.

Those who are looking to get a full understanding of the technicalities might want to check the medium article which explains stuff in full.

Are there any ETH fees when purchasing FLOKI? Haven’t done it myself, but I’ve seen videos where people use BNB to avoid ETH gas. Hotbit or gate.oi is also an option.

Where is my airdrop? You add the NEC contract to your wallet?

I want to buy more but loosing half your tokens on your first buy isn’t a very great start.

 

 

 

 

 

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Julie Binoche

Julie is a renowned crypto journalist with a passion for uncovering the latest trends in blockchain and cryptocurrency. With over a decade of experience, she has become a trusted voice in the industry, providing insightful analysis and in-depth reporting on groundbreaking developments. Julie's work has been featured in leading publications, solidifying her reputation as a leading expert in the field.

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