Friend.Tech Set to Launch Version 2 This Coming Spring 2024
In Brief
Friend.Tech has shared news about the highly awaited Version 2, planned for release in Spring 2024, which was confirmed through a trailer announced on social media platform X.
A social token-based decentralized application Friend.Tech made headlines today with its announcement regarding Version 2 (V2), slated for a Spring 2024 launch. This news was revealed through a trailer on the social media platform X (previously known as Twitter).
Built by pseudonymous Web3 Created by developers Shrimp and Racer, Friend.Tech garnered attention earlier in the year. This innovative app blends social networking with cryptocurrency, offering a platform for influencers and users on X (formerly Twitter) to monetize their communities via social tokens, leveraging the Base blockchain.
How Friend.Tech Operates
Each user registering on Friend.Tech is required to connect their account with X (Twitter). On Friend.Tech, users' X social media presence is symbolized by social tokens, which can be purchased by others using Ethereum.
To buy shares in an individual's success, users simply need to choose their preferred person and acquire a set number of shares at the specified share price. These shares represent the user's investment in that person's influence and interactions on the platform.
Just like other digital assets, share values can be quite volatile. For example, if someone buys shares at a certain cost and shortly after, those shares' floor price (minimum price) rises, the user might decide to sell their shares for profit. On the flip side, if the floor price drops below what they originally paid, they may choose to hold onto their shares or sell them at a loss. Every transaction is recorded and transparent on the blockchain.
By purchasing shares of other users, including X (formerly Twitter) influencers, buyers gain exclusive access to the user’s content, chatroom, and messaging capabilities. This feature resembles that of a token-gated fan engagement platform.
The more esteemed a user's profile becomes, the greater the number of shareholders it can attract, ultimately boosting the value of its social token.
Friend.Tech Progressing with New Features
In the latest update, the application introduced has introduced a new text feed functionality, allowing users to have a say in how posts are ranked. Users can upvote or downvote posts, thereby affecting their visibility on the platform.
This new interactive feed, accessible via the posts page within the app, suggests a shift toward a more democratic approach to content management, where users actively participate in shaping the narrative and visibility of posts.
The release of Friend.Tech The trailer for Version 2 might be viewed as a strategic move by Friend.Tech to revive interest and restore faith in its platform following a steady decline in daily transaction rates over the past three months.
With the introduction of new features, improvements, and modifications, Friend.Tech Version 2 has the potential to become a game-changer for the company, helping it regain its foothold in the fiercely competitive tech landscape.
Disclaimer
In line with the Trust Project guidelines It's essential to note that the information presented on this page is not intended to serve as and should not be construed as legal, tax, investment, financial, or any other type of advice. It’s crucial to only invest what you can afford to lose and consult independent financial advisors if you're uncertain. For further details, we recommend reviewing the terms and conditions as well as the help and support sections provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate, impartial reporting, although market conditions may change unexpectedly.
