FriendTech Token Launched, Airdrop and Version 2 Gone Live
The highly anticipated launch of the native token for FriendTech, a leading Web3 social media platform, marks a significant milestone in the evolution of decentralized networking. After months of development and preparations, the Friend token has been officially introduced and is now actively traded on the decentralized exchange (DEX) hosted on the Base network. Market data compiled by DexScreener reveals that the Friend token is currently valued at $3 per unit and has a circulating supply of approximately 14.5 million tokens.
FriendTech has gained attention for its innovative approach to social networking, particularly through its proprietary networking service using social tokens known as “Keys.” These Keys provide users with access to private chats and premium content from creators, strengthening the sense of community and exclusivity on the platform. FriendTech made a splash when it first launched on the Ethereum Layer 2 network base in August, positioning itself as a pioneer in the emerging field of decentralized social media.
FriendTech Performs Token Airdrop Alongside Version 2 Launch
Making a strategic move to engage and incentivize its user base, FriendTech launched a token airdrop concurrent with the launch of its highly anticipated version 2 (v2) platform. This latest version offers users a host of new features aimed at improving their overall experience. One notable addition is the introduction of “Clubs”, which are community spaces owned and operated by key holders. In these Clubs, users can participate in discussions, share content, and strengthen connections within their communities.
Transactions on these Clubs will be facilitated using Friend tokens, the native currency of the platform, with a nominal 1.5% fee allocated to liquidity providers on the DEX. To participate in the token airdrop and claim their share of tokens, users must meet certain criteria. This includes joining at least one Club on the FriendTech platform and following at least 10 users, encouraging active participation and community engagement among users.
So read: Robert Kiyosaki Describes Crypto Market Crash as “Time to Get Rich”
FriendTech Postpones Token and Version 2 Launch, Prepares for Airdrop
Despite initial predictions for an April 29 release, the launch of FriendTech’s token and version 2 platform has encountered a slight delay and is now scheduled for a later date. In the announcement made by FriendTech on April 27, additional preparations and optimizations were cited as the reason for the postponement. However, progress continues unabated, with FriendTech confirming that the snapshot required for the airdrop distribution planned for May 3 has been completed.
Despite the temporary disruption, FriendTech remains important in the Base networking ecosystem, currently ranked as the ninth largest protocol by total value locked. According to information provided by DeFiLlama, FriendTech has an impressive total valuation of around $30 million, demonstrating its importance in the decentralized finance landscape. As anticipation builds for the upcoming launch and airdrop, stakeholders are looking forward to the next chapter of FriendTech’s journey to redefine the future of social networks on blockchain.
So read: Shiba Inu News: Shibarium Reaches New Milestone with Bor and Heimdall Hard Fork
✓ Share:
parofix consists of an experienced team of local content writers and editors who work around the clock to cover the news globally and present the news as a fact rather than an opinion. parofix writers and reporters contributed to this article.
The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.
#FriendTech #Token #Launched #Airdrop #Version #Live
