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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·比特幣現貨 ETF 終止連續八天外流，淨流入 2,800 萬鎂
• ·利润表里减所得税费用怎么填
• ·以太坊近期行情低迷-以太坊近期行情低迷的原因
• ·苹果手机如何下载欧意易OKX交易所官方APP
• ·国内数字货币交易所排行榜 前十知名数字货币交易平台2025
• ·比特币买卖价格
• ·股票初次怎么买
• ·存货转为投资性房地产分录是什么
• ·火币HTX 8月战报出炉：11周年特别企划燃爆8月，全新征程蓄势待发
• ·退回的社保费怎么做会计分录
• ·建筑公司确认收入的同时要确认成本吗
• ·比特币国外价格
• ·ETH还能涨吗？以太坊基金会亲自下场回应｜AMA梳理
• ·10月31日广发睿鑫混合A净值下跌1.02%，近1个月累计下跌4.41%
• ·股票有关知识-关于股票的一些基本知识
• ·欧盟2027年实施新反洗钱条例限制加密货币匿名性