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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·Memecoin 发行平台对比：Pump.fun vs SunPump
• ·吉祥航空收盘跌2.75%，主力资金净流出3226.78万元
• ·股票里的杠杆是什么意思
• ·okx网页(比特币投资新机遇)
• ·603303股票-603303股票行情
• ·五险一金交多少
• ·风什么曰什么关于天气
• ·10月31日富国成长动力混合A净值下跌0.27%，近1个月累计下跌2.34%
• ·btc价格翻倍周期
• ·斯莱克收盘涨10.46%，主力资金净流入2579.03万元
• ·gnt币最新价格-gnt币行情
• ·麦迪科技收盘涨7.3%，主力资金净流入2409.87万元
• ·什么是币币交易 什么叫币币交易
• ·借和贷在会计中的含义是什么？
• ·Paypal and Venmo support Ethereum Domain Services (ENS) to simplify cryptocurrency payments
• ·“国补”成双11家电消费关键词，唯品会厨卫家电、美容仪销售迎来高峰