Friend. Tech team relinquishes control

According to The Block, the SocialFi project Friend is based on the Base network The development team of Tech executed a function on the platform's smart contract earlier on September 8th, transferring its control to a null address on Ethereum, effectively locking the current system and preventing further changes. The team clarified in the announcement on X platform:

Currently, both smart contract and website revenue are no longer flowing to the multi signature addresses of the Friend. Tech development team

Although the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked. Abandoning protocol control is one of the ways to achieve the vision of "decentralization" for mature protocols or applications, but for a protocol with weak user base and still room for improvement in protocol functionality, it will be considered as giving up the possibility of future project improvements. Therefore, after Friend. Tech announced this news, its token FRIEND fell more than 30% in the past 24 hours, and its market value fell below $6 million.

Big Brother Ma Ji, a giant whale on the list, suffered a tragic loss

Received a friend The most deeply hurt by Tech is undoubtedly Huang Licheng, the big brother of the holding chart giant whale Ma Ji. According to a previous report by Zombiet, as of mid August, Huang Licheng has spent 5211 ETH to purchase 11.16 million FRIEND tokens. Based on current market prices, these FRIEND tokens are only worth 278 ETH (approximately $640000), resulting in a loss of over $15 million. Additionally, due to insufficient liquidity, their actual market value will be even lower.

Friend. Tech Tides Rise and Fall

Friend. Tech was launched in August last year on the Layer 2 network base supported by Coinbase, with the endorsement of well-known venture capital Paradigm. The protocol quickly sparked discussions in the community. By September 15, 2023, the daily revenue of this protocol has exceeded that of Ethereum itself. However, after the initial boom (where the development team earned at least $20 million in protocol fees), trading activity on the platform began to plummet. According to The Block's data, since June, the protocol has only earned about $60000 in protocol fees.

(责任编辑：黄金TD)

• ·bit-z交易平台-bitz交易平台充值会有风险吗
• ·比特币的平台币是什么
• ·Web3律师解读：香港通过的《稳定币条例草案》对中国币圈会有什么影响？
• ·8月份去阿尔山穿什么-8月份去阿尔山穿什么衣服
• ·贝莱德 iShares 比特币信托 ETF 首次超越 VOO，成为日流量最大的 ETF
• ·以太坊gas价格
• ·即墨市什么天什么-明天即墨什么天气
• ·蚂蚁矿机价格-蚂蚁矿机价格一览表
• ·Kraken「接棒」FTX未竟之路：股票代币化，剑指万亿美元市场
• ·维基链今天行情-维基链今天行情怎么样
• ·auto币的价格
• ·区块链挖矿怎么挣钱
• ·比特币披萨日：庆祝加密货币历史上价值 11 亿美元的部分
• ·比特币市场展现强劲基础：GlassNode数据显示88%供应利润支撑
• ·gnt币最新价格-gnt币行情
• ·yfii以后能涨到多少