What’s the Scoop on Post Tech? Friend Tech’s Challenger Hits $2.4 Million in Trading Volume in 24 Hours.

On the back of Friend Tech Following the trend set by Friend Tech, numerous derivatives have sprung up to capitalize on the burgeoning SocialFi model, ideal for trading social profile shares. Post Tech made its entrance into the market three weeks ago, opting for Arbitrum's blockchain as opposed to Friend Tech's Base.

A recent discussion on Twitter highlighted that Post Tech’s choice to launch on a Layer-2 blockchain like Arbitrum is a strategic advancement propelled by several significant factors.

A key consideration is Arbitrum’s ability to dramatically reduce transaction fees, offering substantial benefits to both developers and users, ensuring an economical and user-friendly experience on Post Tech.

Additionally, Arbitrum’s scalability is an attractive feature for Post Tech. Claims are made that this blockchain effectively tackles congestion issues, promoting a dynamic and adaptable ecosystem.

By leveraging Ethereum through Arbitrum, Post Tech not only inherits Ethereum’s strong security measures but also retains the necessary flexibility for rapid feature updates and improvements.

How does Post Tech work?

Once users sign up for Post Tech, they can start by linking their X (Twitter) account and entering a referral code.

The platform empowers users to convert their social interactions into profit by earning points in various ways, such as posting content, interacting with others, and engaging in hashtag challenges. Users also accumulate points through friend referrals, buying and selling shares of other users, and trading or holding their own shares.

Post Tech allows its users to invest in profiles, representing a stake in that user's popularity and engagement. By investing in these shares, users become eligible to gain a portion of 5% from the total trading volume attributed to those shares.

Earnings are calculated based on the number of shares one owns compared to the total pool, enabling users to receive this 5% as long as they maintain their shares, thus creating a steady passive income stream.

Post Tech actively motivates its users to bring in new members via the Referral Rewards feature. When a current user refers someone, they earn 5% of the protocol fees each time their friend buys or sells profile shares. This incentive continues as long as the referred user remains engaged with the platform.

Despite Post Tech's attractive earning possibilities, there are practical considerations that users should keep in mind.
It's important for users to note that the minimum amount for claiming rewards is set at 0.003 ETH. Therefore, users should try to accumulate enough points to meet or exceed this threshold before making a withdrawal.

What Sets Post Tech Apart from Friend Tech?

Similar to Friend Tech, Post Tech enables users to buy and sell shares linked to X profiles, tapping into their networks for ETH-driven financial benefits. However, the two platforms adopt notably different methods and operational strategies.

The interface of Post Tech bears a strong resemblance to that of X (Twitter), allowing users to seamlessly share their posts on both platforms, which fosters a sense of consistency and familiarity.

I\"m live on https://t.co/ddI1iCss73 .

The user experience is remarkably intuitive! It's just like using Twitter!!!

This is what https://t.co/yNYwQQGWZ4 should have done. pic.twitter.com/WxB1OSpI0n

— Ran Neuner (@cryptomanran) September 21, 2023

Another key difference lies in the visibility of messages exchanged between users on Friend Tech and Post Tech. In Friend Tech, chatroom messages are only accessible to the owner, while in Post Tech, all participants in a group chat can view every message exchanged.

Moreover, Post Tech sets itself apart with a distinctive feature: it allows users to trade individual posts, turning tweets into assets that can be bought and sold. This contrasts with Friend Tech, which predominantly focuses on the trading of profile shares.

On top of this, Post Tech’s fee distribution system diverges from that of Friend Tech.

While Friend Tech allocates 5% of accrued fees purely to shareholders, Post Tech distributes 5% of fees between both shareholders and profile owners, fostering a more inclusive financial structure.

🧬 @PostTechSoFi and @friendtech Comparison #posttech spotlight features
– Buy and Sell Post
– 5% Fees Earned to Share Holders

Everyone can share and earn with https://t.co/nKYfkIpM9c

Early Supporters will have access to forthcoming incentivized programs. #Sofi pic.twitter.com/Njvkjq8tLA

— post.tech (@PostTechSoFi) August 31, 2023

Post Tech’s Astonishing Growth Captures Attention

According to DappRadar Recently, Post Tech recorded a staggering trading volume of $2.4 million within just 24 hours. The count of Unique Active Wallets (UAW) surged from 1,180 on September 17 to 7,410 on September 20. Additionally, transactions on Post Tech escalated by over 146% in that same timeframe, reaching nearly 97,390.

Such a significant spike in trading activity can likely be attributed to Post Tech’s unique rewards system. Unlike Friend Tech, which offers point-airdrops, Post Tech has made available up to $100,000 in cash incentives. airdrop program As users aggressively pursue point farming to maximize their benefits, the sustainability of Post Tech’s rapid rise remains uncertain. While Friend Tech has enjoyed periods of success, its journey has been riddled with ups and downs. based on user activity from Sep 7 – 22. 

Late last August, the platform experienced a notable dip in trading volume, prompting some to declare it ‘dead.’ Yet, just two weeks later, Friend Tech bounced back with its total locked value skyrocketing.

Post Tech may find itself in a similar situation as its initial airdrop program comes to a close, potentially needing additional airdrops to sustain its current momentum. plummeted by 94% Stay updated on cryptocurrency distributions in our content, and remember, the information on this page should not be taken as legal, tax, investment, or financial counsel. Always invest responsibly and seek advice if needed. For more details, please refer to the terms and conditions and the support resources from the issuer or advertiser. MetaversePost strives for accurate and fair reporting, but market conditions can change without warning. exceed $20 million .

Cindy, a journalist at Metaverse Post, specializes in covering topics like web3, NFTs, the metaverse, and AI, with a focus on interviewing key figures in the Web3 space. She has engaged with over 30 C-suite executives and continues to share their valuable insights with readers. Originally hailing from Singapore, Cindy currently resides in Tbilisi, Georgia. She holds a Bachelor's degree in Communications & Media Studies from the University of South Australia and has spent a decade honing her skills in journalism and writing.

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