In a recent development, Friend3, a leading Web3 socialFi platform, has joined forces with crypto exchange ProBit Global with the aim of advancing web3 social interaction.
Friend3 has introduced a decentralized donation mechanism aimed at fostering cooperation among community groups. This mechanism enables community members to make customized payments, promoting collaboration. Through the concept of social monetization, the platform not only facilitates the formation of friendships but also provides creators with a revenue stream.
Friend3 and ProBit Global have jointly launched a trading competition, offering users the chance to win Friend3’s native token, F3. To participate, users must hold a minimum of 100 staked PROB, ProBit Global’s utility token.
The competition is set to run from April 4, 2024, at 13:30 UTC to April 11, 2024, at 13:30 UTC. Following the competition, a total of 100,000 F3 tokens will be distributed among the top volume traders. The first-place winner will receive 6,200 F3s, while the 20th place winner will be awarded 3,575 F3s.
The F3 token offers a wide range of utilities, including staking, governance, and access to exclusive benefits. As a result, the trading competition and other incentives provided by the platform serve to attract public interest towards Friend3.
Leveraging Web3 technology, Friend3 is pioneering the creation of communities on its platform. While users are required to purchase decentralized tickets each time they join a community, these tickets can be utilised for monetization purposes. This allows creators to earn a portion of revenue from group transactions, referrals, and donations. This feature sets Friend3 apart from other platforms that lack monetization options.
Friend.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?
JinseFinanceOverall, the V2 update provides a better user experience and a comprehensive environment.
JinseFinanceThis 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.
OliveAn elaborate online scam impersonated a reporter from a well-known media outlet to conduct a fraudulent interview, tricking the victim into clicking on deceptive links that stole sensitive data and compromised his account.
JoyDespite its meteoric rise since its launch, Friend.Tech has sparked a chorus of commendation within the crypto realm but also some voices resonate with a foresight that probes the possibility of burnout.
CatherineFriend.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
