friend.tech: Existing credits will be confiscated if users use copycat apps

Odaily Planet Daily News friend.tech will punish users who choose forked or copycat versions, and this decision has been strongly criticized by the community. friend.tech stated on the X platform (formerly Twitter): "Expect copycat versions of friend.tech and other types of clones to emerge, to ensure that loyal users are fairly rewarded during our testing period, turning to forks and copycats Users of this version will automatically opt out of earning points and forfeit existing points in order to use the app normally." friend.tech did not mention any specific competition, but some X users in the responses mentioned a new app called Shares, which is scheduled to go live in public beta on August 31. According to data from Dune Analytics, as of press time, the transaction volume of friend.tech has dropped by more than 90% from the peak of 525,000 transactions on August 21, and the cumulative transaction volume on August 28 is less than 50,000 transactions. According to DefiLlama data, friend.tech’s 24-hour contract revenue was US$161,000, a drop of more than 90% from the August 21 high (US$1.68 million), and it currently ranks 11th. (Cointelegraph)