Friend.Tech’s Native Token Tanks to $2.5 After Debut
Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform.
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Friend.tech
Early Friday, Friend.Tech airdropped its native token, FRIEND, while debuting version 2 of the platform.
Friendzone was built by early team members from Band Protocol, Synthetix and Koinly and targets the social application space.
Falling revenues have led some market commenters to say the platform has “gone dead.” But has it?
Despite its initial success in attracting celebs, the portents aren’t good for the latest “Twitter-killer.”
The new social app has driven over 4,400 ETH ($8.1 million) in trading volume in less than 24 hours since its launch, far surpassing OpenSea’s in the same time frame. But with its mysterious origins, lack of privacy policy and lagging network, it raises some red flags.