The social media landscape on the blockchain is about to get a major shake-up! Friend.tech, the platform that took the crypto world by storm last year, is gearing up for the launch of its highly anticipated Version 2 (V2). But the real buzz? A confirmed 100% airdrop of their new FRIEND token. Are you ready to dive in?
Friend.tech V2: Airdrop Snapshot Taken!
The Friend.tech team has officially announced that the snapshot for the FRIEND token airdrop has been taken. This means that your points balance is locked in, and any further tinkering with your Twitter linking won’t affect your eligibility.
“We’ve locked in points balances and unlinking or relinking your Twitter will no longer transfer points,” they announced on Twitter, “Join us next week for when points go onchain.”
While the exact date of the airdrop remains a mystery, speculation is rife that it could happen as early as next week, coinciding with the on-chain migration of points balances. Keep your eyes peeled!
What is Friend.tech Anyway?
For those new to the scene, Friend.tech is a decentralized social media platform built on Base, Coinbase’s Ethereum Layer 2 solution. Launched in August 2023, it quickly gained traction (and a fair share of controversy) with its unique approach to social interaction.
The core concept revolves around “subjects” (social media personalities) offering “shares” to their community. These shares grant access to private chats, where users hope to gain exclusive perks and valuable information. Think of it as a crypto-powered VIP club for your favorite online personalities.
However, the initial hype eventually subsided, leading to a decline in active users. But fear not, Friend.tech is back with a vengeance!
The V2 Comeback: What’s New?
Recent weeks have seen a resurgence in Friend.tech activity, fueled by anticipation for the release of Version 2. So, what can we expect from this revamped platform?
- Money Club: This exciting feature will empower communities to manage shared treasuries and create tradable on-chain collectibles, including NFTs, meme coins, and other digital assets. Imagine a DAO-lite built directly into your social interactions.
- New Point System: The airdrop will utilize the new point system.
- Custom Curves: Users will have the ability to define their own engagement metrics, adding a layer of personalization and control.
- Usability Updates: Expect a smoother and more engaging user experience with customizable chat spaces, polls, raffles, and visual themes.
The Numbers Don’t Lie
According to DeFi Llama, Friend.tech currently holds $34.4 million in Total Value Locked (TVL). While this is a significant drop from its peak of $52 million in October, the recent surge in activity suggests a renewed interest in the platform.
Expert Opinion
Crypto investor John Wang shared his insights on V2 in a recent Twitter thread, stating, “V1 was the beta. This time around FT is planning to stay. You’re not positioned yet, are you anon?”
https://x.com/j0hnwang/status/1770183084778180911
https://x.com/j0hnwang/status/1770183072774078628
Disclaimer
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
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Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
