Excitement is building within the community as the highly anticipated version 2 of Friend. Tech launches.
The team behind this blockchain-based social app has announced an upcoming token giveaway, further fueling anticipation.
The team has shared the recorded points balances for the upcoming giveaway on Twitter.
Users have been notified that unlinking or relinking their Twitter accounts will not affect their points. This has set the stage for the much-awaited distribution of Friend.Tech tokens.
You get: 100% of $FRIEND
— friend.tech (@friendtech) April 6, 2024
We get: to keep our lives
Deal?
While the exact date of the giveaway is still unknown, there's speculation that it could happen next week when points balances are transferred to the blockchain.
Changing Social Interaction
Friend.Tech, a decentralized social media platform built on Base, an Ethereum L2 supported by Coinbase, caught attention when it launched in August 2023.
It introduced a unique model where social media personalities, called "subjects," could offer shares to their followers, aiming to change social interaction.
These shares give access to private chats, creating a community where perks and tradable information are exchanged. After initial excitement, user activity dropped.
Revival with Version 2
In recent times, the platform has witnessed a resurgence of sorts, as evidenced by the upsurge in fees, trading activities, and other related engagements.
This spike in interest occurred in the wake of the release of version 2 of the platform, which generated significant excitement.
Currently, Friend. Tech has an aggregate value locked (TVL) of $34.4 million, indicating a renewed interest and activity on the platform.
While this figure is lower than the peak of $52 million recorded in October, it nevertheless represents an encouraging trend.
Version 2 Revealed: What's New?
Friend. Tech has launched Version 2 with a variety of new exciting features.
The Money Club is the highlight of this release, which enables groups to manage shared funds and create tradable on-chain collectibles like NFTs, meme coins, and various media formats.
The platform also introduces a new point system that plays a crucial role in the upcoming token giveaway, and custom curves that allow users to personalize their engagement metrics.
Enhanced Usability
Version 2 also brings several usability improvements. Subjects can now customize their chat spaces both visually and functionally.
Features like polls, raffles, and visual themes enhance user experience, creating a more dynamic and engaging environment. These updates aim to improve user interaction and make navigating the platform smoother.
Insights from Crypto Investor
Crypto investor John Wang shared insights about version 2 in a Twitter thread last month.
Describing V1 as the beta phase, Wang highlighted Friend. Tech's commitment to longevity and growth. His comments emphasize the platform's strategic vision and determination to establish itself in the crypto industry.
With version 2, Friend.Tech aims to become a leading social platform, blending innovation with community-focused features.
Anticipation Grows for the Giveaway
The countdown has begun for the Friend.tech giveaway, and users are eagerly awaiting the distribution of FRIEND tokens.
With version 2, the platform is set to revolutionize social interaction and engagement.
Friend.tech's dedication to innovation and user-friendly design is evident in its evolving technology, propelling it to greater prominence in the blockchain community.