$FLOKI 2025.3.3 AMA Record.
Question 6:
The last two collaborative projects Monky and Badai are facing issues that have led to serious FUD regarding Floki and TokenFi. What measures is the team taking to address this situation and restore community confidence?
B:
The situation with these two projects is beyond our control, and I will provide important background information to explain why:
The BNB chain has serious MEV and sniper issues, which are inherent problems in the design of the chain, meaning it is extremely difficult, if not nearly impossible, to prevent snipers on the BNB chain.
Floki is the largest project and brand on the BNB chain and is also one of the most recognized names in the entire cryptocurrency space. Therefore, whenever we announce support for a project, it attracts significant attention from the most sophisticated snipers in the space, who see it as an opportunity to make quick money.
To illustrate the severity of the situation, at the time of the $BADAI launch, a sniper paid around $400,000 to validators just to be able to snipe the release of BADAI. You read that right: a sniper paid about four hundred thousand dollars on a chain where the average transaction fee is only a fraction of a dollar, which is equivalent to 600,000 times the regular transaction fee, just to ensure their transaction is processed quickly. While we have done our best to address the sniper issues on the chain, it is inherently very difficult on the BNB chain. Do not misunderstand me; preventing sniping is challenging on many chains because as long as there is a lot of money to be made, people will always come up with creative ways to circumvent any anti-sniping mechanisms on the chain, but the issues on the BNB chain are particularly tricky.
Regarding MONKY, we did not participate in designing the MONKY contract or adding liquidity: the MONKY team designed the contract and added liquidity, and our proposed anti-sniping mechanism (where FLOKI holders could access it ahead of others) was also implemented by their team, but a lapse in their contract design led to a vulnerability that allowed snipers to bypass this feature.
For BADAI, GraFun designed the anti-sniping mechanism, which initially seemed successful, but there was a bug that prevented anyone interacting with the pool in the early release from selling, and in fact, this bug also prevented some from buying (for example, at launch, no one could purchase through the Floki trading bot).