Disappointment Clouds Friend Tech v2 Launch Despite Exciting New Features

Key Points:

• Friend Tech v2’s launch on SocialFi faced significant technical issues.
• Despite new features and the FRIEND token, airdrop issues persist.
• Friend Tech hasn’t officially detailed the FRIEND token’s launch or tokenomics.

According to Parsec, Friend Tech v2’s launch disappointed many, with 95% users unable to claim the airdrop. Despite new features and the FRIEND token, the app had significant lag issues.

The launch of Friend Tech v2 on the SocialFi platform friend.tech has been met with disappointment by many of its users.

Disappointing Launch of Friend Tech v2

Despite months of development and $50 million in fees from its initial version, the updated app has been plagued with various issues, with over 95% of users unable to claim the airdrop within the first few hours of its release. The token price has also suffered as a result.

The new version of Friend Tech introduced the FRIEND token and several new features. Notably, the Friend Tech v2 update launched Clubs, communities made up of members who own keys.

New Features Introduced in Friend Tech v2

These members can use the FRIEND token to vote for community administrators. Moreover, Friend Tech announced that FRIEND transactions would incur a 1.5% fee, the revenue of which would be given back to the farmer and token owner.

Another new feature is the ETH/FRIEND liquidity pool. Users who add liquidity to this pool are rewarded with a share of the 1.5% pool swap fee, 1.5% trading fee revenue, and additional token rewards.

However, these changes did little to alleviate the problems experienced by users trying to claim the airdrop. The rush to claim the airdrop resulted in the application being overwhelmed and inaccessible for many.

Issues Faced by Users During Airdrop

Some users who could access the app found that while they could claim the airdrop, they were unable to sell due to lag.

As of now, friend.tech has not made an official announcement about the launch of the FRIEND token or the project’s tokenomics.

According to sources, it is expected that 100% of the token supply of friend.tech will be distributed to users, which is a significant amount compared to standard airdrops.