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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·25,000 份比特币期权将于今日到期，威胁 BTC 的 110,000 美元阶段
• ·比太钱包github
• ·加拿大经济或已步入衰退初期
• ·usdt购买行情盘点（usdt充值交易平台排行解析）
• ·股票融资率-股票融资率怎么计算
• ·计提工资多实发工资少怎么调账
• ·比特币有那些交易平台 区块链交易所排名10
• ·如何捡比特币
• ·加密货币 IPO 即将到来：Pantera Capital 首席执行官预测区块链将迎来重大转变
• ·欧意易易手机app最新版_欧意易易2023最新版地址 欧意易易欧义ios
• ·TZERO announces becoming the second broker authorized to engage in digital asset securities custody
• ·请问建行普通信用卡年费是从激活之曰开始计算年度吗？
• ·比特币长期持有者开始抛售吗？
• ·重新定义企业区块链：Coreum采用ISO20022标准链上
• ·ico币交易平台-
• ·Visa在145个国家/地区支持借记卡的加密货币提款