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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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：货币)

• ·虚拟货币国际交易平台
• ·请问信用管家征信贷款能下款吗？最近想借钱。
• ·黑客从位于 Sui 的去中心化交易所窃取价值 2.23 亿美元的加密货币
• ·10月31日兴业聚兴混合C净值下跌0.05%，近1个月累计下跌0.45%
• ·股票杠杆投资-股票杠杆投资.苍原资本如何注册
• ·10月31日上银国企红利混合发起式C净值下跌0.10%，近1个月累计下跌5.18%
• ·量子币今日价格
• ·什么是比特币图
• ·比特币图表上出现新的“逢低买入”信号，增强看涨势头
• ·DODO Token (DODO)哪里可以买？DODO Token (DODO)在哪些交易平台买？
• ·分析：美国财长的言论抵消了特朗普降低美债收益率的努力
• ·公司全额缴纳五险一金是什么意思？员工有何福利？
• ·hx币价格行情
• ·快捷币今日价格行情
• ·利息收入怎么结转
• ·快捷币今日价格行情