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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·btn币行情分析
• ·加密货币资产怎么提现？十大加密货币提现平台
• ·股票扫描
• ·10月31日富国高端制造行业股票C净值下跌0.57%，近1个月累计下跌4.71%
• ·光大银行信用卡分期的账单在哪里查啊？
• ·无形资产可回收金额大于账面价值怎么处理
• ·股票t开头是什么意思是什么意思-t开头的股票
• ·mith币价格行情
• ·工资单写实际发放数还是计提数
• ·10月31日富国浦诚回报12个月持有混合C净值下跌0.09%，近6个月累计下跌1.53%
• ·safe币当日价格-safe币交易价格
• ·美伊第五轮核谈判还没开始就被唱衰！伊朗对达成协议不抱希望
• ·网上钱币交易平台
• ·热带有什么气候什么影响-热带有什么气候?
• ·南京有什么什么特产酒
• ·怎么开发虚拟币平台-怎么开发虚拟币平台赚钱