BTC

$96703.754

1.11%

ETH

$3410.862

1.19%

XRP

$2.206

0.38%

BNB

$704.829

1.13%

Airdrop

Social Network Web3 friend.tech On Base Will Airdrop Reward Points For Users

August 15, 2023 - Around 2 mins mins to read

Key Points:

  • The Web3 social networking platform built on Base, friend.tech, announced that it would airdrop to test network users.
  • 100 million points will be released and distributed within 6 months from August 18.
  • The new crypto-based social app is live and quickly exploded after its launch on August 10 on Layer 2 Base.
Decentralized social platform friend.tech build on Base has officially announced that it will start airdropping reward points for users testing the application this Friday (August 18).
Social Network Web3 friend.tech On Base Will Airdrop Reward Points For Users

Credits are collected off-chain during testing and will have particular uses when the app goes into official release 100 million points will be distributed within 6 months.

Before that, users started speculating about the project’s airdrop potential. Many users have assumed that the points gained from referring new users to the platform will eventually translate into token airdrops, especially with the “Airdrop” tab integrated explicitly into the app.

On August 10, a new crypto-based social app went live and quickly exploded in popularity on Crypto Twitter. Called friend.tech, the app is a mobile-only app built on the newly launched L2 chain, Base, by centralized exchange, Coinbase.

Friend.tech allows anyone on the app to bet on the social value of other users on the platform through the purchase of other users’ shares.

In just one day, friend.tech amassed over 8.5k users and generated over 4.27k ETH trading volume from users’ stock trading. However, the volume dropped rapidly in the following days to 307.15 ETH on August 14.

Social Network Web3 friend.tech On Base Will Airdrop Reward Points For Users
Source: Dune

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.