Friend.Tech’s decision to relinquish control over smart contracts has raised concerns of a potential soft rug pull, with mixed reactions from the community and a notable increase in the platform’s token value.
HafizFriend.Tech has seen over $1M TVL loss in less than 24 hours. And plans to leave the Base network for its own chain, followed by news of a reversal, further destabilised the FRIEND token, hitting a new all-time low. Is it time to say goodbye to Friend.Tech?
KikyoThe decentralized social platform Friend.tech's token FRIEND has been continuously falling since its launch in May this year. In the past month alone, it has plummeted more than 56%. This has resulted in substantial losses for the well-known artist Machi Big Brother Huang Licheng, who repeatedly bought in, anticipating FRIEND to reach $10. Currently, his FRIEND holdings have an unrealized loss of $7.7 million.
AlexThe token is currently trading at around $1.66 with a market cap of just over $155 million. On Crypto Twitter, the debate rages on as to whether FRIEND is still undervalued, with both sides engaged in heated debate.
JinseFinanceFriend.tech has once again led the market with its V2 version. Can it escape the SocialFi Ponzi trap this time?
JinseFinanceFriend.Tech, launched in 2023, uses "keys" for monetizing social interactions, attracting significant initial interest but facing challenges in sustaining engagement and revenue ahead of its version 2 launch.
MiyukiFriend3, in collaboration with ProBit Global, introduces decentralized donation mechanisms and trading competitions, leveraging the utility of F3 tokens to foster community engagement. Through Web3 technology, Friend3 pioneers community creation with innovative monetization options.
AlexThis article studies four different social protocols and platforms: Farcaster, Lens, Friend.tech and Focus, focusing on how they build new web3 social experiences
JinseFinanceFriend.tech TVL dropped to US$33.98 million, a 19.5% decrease from US$42.25 million on November 18, within the last two days.
OliveFriend.Tech, a decentralised social media platform, is a creation that melds technological prowess with human interaction, and orbits around the idea of crypto personalities — in short, the transformative utilisation of "shares" as digital assets.
Catherine