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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·土耳其加密许可证值得 Web3 创业者申请吗？
• ·ouyi手机版最新 ouyi交易所软件
• ·Farcaster生态新动态：品牌重塑、空投计划与多链集成引领社交网络新浪潮
• ·折扣销售如何做分录
• ·比特大价格行情-比特价格行情走势
• ·亚洲缺少什么什么气候
• ·「MetaEra Event」官网正式上线！一「网」尽显 Token 2049 期间 MetaEra 所支持的活动
• ·欧意易易okx用支付宝转账安全吗？欧意易易用支付宝转账会不会被监控？
• ·空气什么后天气什么作用
• ·火币网提币恢复
• ·WalletConnect 代币通过 WCT 空投登陆 Solana
• ·u币在哪买？ u币客户端iPhone版v6.4.8
• ·dogwifhat：鲸鱼增多，散户衰退——你应该买入 WIF 的低价股吗？
• ·2025区块链挣钱APP_创新力高的usdt软件排名盘点
• ·数字货币十大交易平台app_比特币中国交易平台汇总
• ·拍拍贷逾期催款吗，还会有什么其他后果吗？