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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·LBA币今日行情价格-lba币价格今日行情走势
• ·环球币有新消息吗-环球币最新动态
• ·SUI价格受黑客攻击影响出现下跌，交易员大手笔做多
• ·10月31日广发鑫源混合A净值增长1.36%，近3个月累计上涨11.44%
• ·莱特币行情价格okcoin-莱特币行情价格今日
• ·10月31日博时远见成长混合C净值下跌0.81%，近1个月累计下跌5.45%
• ·btc交易行情软件
• ·oe官网下载注册(比特币交易个性化推荐)
• ·股票配股操作-股票配股操作流程
• ·OKX|欧义网址是多少
• ·招商医药股票-招商医药股票基金现在入手好吗?
• ·会计道德对内部和注册会计师同等重要吗？
• ·由于 CME 期货缺口仍未填补，以太坊价格可能飙升至 3,200 美元
• ·中国中铁(00390)：“21铁工Y6”将于11月11日派息
• ·梳理以太坊基金会公开支出：已发放1.7亿美元项目资助成预算“大头”
• ·10月31日创金合信量化多因子股票C净值增长1.08%，近3个月累计上涨19.11%