Description
Friend.tech is a decentralized social platform that integrates social engagement with financial markets. It allows investment in influencers' "shares" for exclusive access to chat rooms, transforming crypto trading into a social experience. The platform, which tokenizes individuals' social presence, has introduced a points system that may translate into tokens, incentivizing positive behavior. Governance is centralized, managed by the Friend Tech team. It had seen significant activity, with transactions worth approximately $57.1 million, indicating a strong market presence and user growth.
Value Proposition
Friend.tech stands out by merging social engagement with the dynamics of financial markets, specifically targeting the cryptocurrency community. It allows users to invest in “shares” of influencers, providing exclusive access to specialized chat rooms for direct interaction and insights. This platform transforms the traditional approach to crypto trading and information sharing into a more social and collaborative experience. By integrating directly with X, it ensures a seamless user experience, enabling real-time discussions and exchanges with leading crypto voices.
Governance
Currently, governance within Friend.Tech is centralized, with the Friend.Tech team holding full control over decision-making processes.
Tokenomics
Friend.tech operates as a decentralized social network where users can buy and sell “shares'' or “keys” tied to social accounts, effectively tokenizing an individual's social presence. It offers unique access to influencer-specific chat rooms and content. Friend.tech includes a points system rumored to potentially translate into tokens for users, adding an innovative layer to its tokenomics structure.
Previous Funding
Friend. tech raised an undisclosed amount in its latest funding round and also demonstrated significant market activity and user growth, with over 934,000 transactions facilitating the trade of 34,320 Ether, valued at approximately $57.1 million.
