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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·空什么后天气什么
• ·PayPal supports the buying, selling, and holding of cryptocurrencies on commercial accounts, and allows external transfers
• ·手机贷上征信报告吗？对手机贷不是很清楚。
• ·HUSD如何打破稳定币垄断 反哺 Hyper生态？
• ·用过的来说说广发车主卡好提额度吗？
• ·10月31日弘毅远方消费升级混合C净值下跌0.34%，近1个月累计下跌2.89%
• ·火币API
• ·以特币怎么挖
• ·32位怎么挖矿 32位系统挖矿
• ·ok交易所怎么提币的
• ·个体工商户核定征收需要申报汇算清缴吗
• ·10月31日国联消费精选混合C净值下跌0.86%，今年来累计下跌5.15%
• ·市净率高股票
• ·火比特币交易平台
• ·汇市导航05.21：欧美短期动能受到此支撑支持，澳美或将出现深度回调？
• ·10月31日中欧量化驱动混合C净值增长0.70%，近3个月累计上涨17.34%