"FRIEND"

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This article will delve into the new mechanism of friend.tech V2 and the token $FRIEND, explore any vulnerabilities it has gone through or is still going through, and discuss whether this business model is sustainable. Also, how the brand new feature Clubs works and its impact.

In the SocialFi (social finance) space, Friend.tech, Farcaster and Phaver are three projects worthy of attention. Friend.tech regained market attention with its V2 version, which introduced several innovative features and enhanced token models, such as the “Money Club” feature, to increase user engagement and platform utility. However, Friend.tech faces user retention and economic model sustainability challenges. Farcaster provides a highly modular and composable platform with its decentralized social network mechanism and open-source design. Phaver launched the $SOCIAL token to enhance the interactivity and reward mechanism of its ecosystem, emphasizing incentives for user contribution and participation. The innovative attempts of these platforms aim to solve the problems of insufficient user activity and imbalanced economic models in the SocialFi field.

This article considers Friend.Tech to be a PaaS, and treats individual participants on Friend.tech as enterprise/project/self-employed entities to observe and analyze their participation strategies.

friend.tech offers an interesting concept in the SocialFi platform space, allowing users to invest in their friends by purchasing social tokens or keys that grant access to exclusive content, private chat rooms and clubs, mainly targeted at users and their Corresponding influencers to follow. The pricing mechanism for these keys is complex, with the purchase price increasing exponentially as supply and quantity increase, while comparing information on its competitors and analyzing data such as token economics.

Friend.tech is a SocialFi application built on a Layer 2 network called Base. Its core concept is to transform a user's influence on Twitter into tradable tokens. It is a social trading protocol that is both highly popular and constantly controversial.

With Friend.tech's daily active users dropping to under a hundred, crypto social seems to be moving out of the spotlight. On one hand, social projects based on crypto-economic models are fading from attention; on the other hand, crypto social applications like Farcaster and Solana Blinks are approaching social engagement from different angles, using it as a channel for driving traffic and creating new growth opportunities for the ecosystem.

This article provides a comprehensive examination of the recently acclaimed social protocol, Friend.tech. Through the application data of different user roles and competitive product comparisons, it explores the key factors behind its popularity and the challenges it faces.

This article analyzes the economic model of Friend.tech and examines the potential influences and scenarios for the economic model of SocialFi.

Gate Research Daily: September 10 — BTC price increased by 3.33% Over the past 24 hours, while ETH rose by 1.94%. Altcoins saw broad gains following BTC’s rebound, with notable surges in sectors like BTC sidechains, cat-themed cryptocurrencies, and AI Agents. Bitcoin spot ETFs recorded a total net inflow of $287 million, while Ethereum spot ETFs saw a net outflow of $5.2 million. The development team behind Friend.Tech announced they have relinquished control of the platform’s smart contract. On September 10, three projects publicly announced funding rounds, raising over $16 million collectively, spanning gaming, AI, and oracle sectors.

This article explores Friend Tech's economic model through game theory, expected value, and demand curve analysis, and recognizes the excellence of its product design, economic model, and operation strategy, but also points out that the high official rewards and the existence of bots are threatening the survival of the game.

MARIO originates from the recommendation of Elon Musk's friend Mario Nawfal. This article focuses on its background, token economic model, community popularity, and details the project's development prospects.

Andy, a vibrant and laid-back yellow anthropomorphic frog, reached a market capitalization of over $300 million within just three months of its launch, with a staggering 30,000x increase in value. As one of the best friends of Pepe, currently the world's third-largest memecoin, will Andy replicate Pepe's success? This article delves into Andy ($ANDY), exploring its unique features, the reasons behind its rapid rise, and its growth potential.

The article explores the new possibilities that Web3 brings to social networks, including decentralized social protocols and cryptocurrency incentives. Protocols like Farcaster and Lens offer innovative experiences and address the cold-start problem of social networks. Applications such as Friend. Tech and DeSo have also attracted a large number of users by tokenizing creator earnings and introducing new monetization methods. In the future, the infrastructure of cryptocurrency will bring millions of users into the crypto space, accelerating the development of Web3 social networks.

A deep understanding of the rise and fall of the SocialFi sector, including how platforms like Friend.tech transitioned from initial prosperity to current difficulties, reveals the shortcomings of SocialFi projects in maintaining user engagement and delivering innovative experiences. It also explores the innovations and strategies needed to achieve long-term success.

In-depth understanding of the latest developments in on-chain social protocols, including user activity and market performance of major platforms such as OpenSocial, Farcaster, DSCVR and Lens, and analysis of how these protocols promote the development of social networks through innovative business models and revenue sources decentralization, and explore how applications such as Zora Network, Friend.tech, and Pods.media leverage these protocols to provide unique experiences and revenue opportunities for their users.