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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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：百科资讯)

• ·CZ否认在世界自由金融交易中扮演“调解人”角色
• ·btc中国交易平台
• ·股票主力减仓
• ·比特币发行行情-比特币发行行情最新消息
• ·股票早开-股票早开盘时间
• ·男子为诈骗犯和毒贩洗钱100万美元，获刑六年
• ·阿姨币价格今日行情-阿姨币最新价格
• ·SNT币发行量及其用途解析
• ·奇点3.0大会成功举办：Endless Web3创世云生态扩展的又一里程碑
• ·蚂蚁币价格多少
• ·AAVE V3借入USDT总额突破35亿美元，达到历史新高
• ·XRP 价格未来可能上涨 1,233%
• ·聚币网平台下载-聚币网平台下载安装
• ·USDT最新交易平台_团队实力强的ethAPP排名汇总
• ·比特币周末将进一步上涨？买家势头复苏预示着这一点
• ·芬兰10月天气穿什么