Meet friend.tech: Bringing digital revolution in Decentralized Social!

The new decentralized social network, friend.tech, built on base, is shaking up the crypto world.

On August 10, 2023, Coinbase's Layer 2 network, Base, made headlines by hitting an all-time high in daily active addresses and transactions. Over 127,000 wallets fired off a staggering 630,000 requests in just one day.

But that wasn't all. August 10 also marked the launch of friend.tech, the new superstar among dApps on Base. This web3 social app has taken the online community by storm, with users clamoring for invite codes, especially on X.

What's friend.tech all about?

Well, friend.tech truly is rewriting the rules of the traditional decentralized social networks by allowing users to trade the popularity, influence, and network strength of crypto creators and influencers. Even in its beta phase, friend.tech is making waves, with users trading over 38,000 ETH daily.

What can you do with friend.tech?

Imagine buying and selling "shares" of crypto personalities, with their value rising and falling based on supply and demand. Owning these "shares" unlocks private chats with these crypto celebs. And that’s what friend.tech is all about!

So, here’s all you can do with this game-changer:

• Connect: Bond with your favorite crypto personalities.
• Discover: Share and explore content within your community.
• Engage: Participate in exclusive chat rooms.

Understanding friend.tech reward points

friend.tech has been generously handing out "reward points" to beta testers weekly, totaling 100 million points over six months.

The catch?

They're keeping mum about what these points will do. So, some say they might become tokens for friend.tech governance, while others predict a future airdrop of a native friend.tech token, thanks to an investment from Paradigm.

What do the influencers have to say?

As the platform gains momentum, it's not without its questions. People are curious about its pricing model and data privacy. Laurence Day, a DeFi expert, spilled the beans on Twitter, explaining how the pricing model relies on supply and demand, with buy prices increasing as shares are sold.

Big-name crypto influencers like Andy Chorlian have joined friend.tech and seen impressive returns. Chorlian hilariously tweeted a profile valuation of 47.4 ETH (nearly $88,000), later revealing it was a glitch. Still, he's pocketed almost $1,000 since joining.

The Epic Comeback Story!

In the meantime, friend.tech saw a drop in key metrics such as activity, inflows, and volume, & folks soon declared it dead too.

However, friend.tech silenced doubters with a spectacular resurgence. Its TVL catapulted to over $20 million in just four days. Critics had prematurely declared it "dead" when activity appeared to dwindle. In recent days, trading volume hit $12.3 million on September 9, surpassing OpenSea by over $3 million.

This resurgence can be attributed to the influx of non-crypto influencers like YouTubers and OnlyFans creators. Plus, the app rolled out updates that fixed initial bugs and enhanced user experience.

What Lies Ahead for friend.tech?

Is friend.tech another fleeting crypto craze like BitClout and DeSo Protocol? Well, it's different. Its unique tech choices and market strategy set it apart. Whether it's here to stay or just a flash in the pan remains uncertain, but it's undeniably changing how we perceive individual value in the crypto realm. Stay tuned!