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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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：百科资讯)

• ·网页插入比特币行情
• ·京东白条怎么激活，我想要用白条买东西
• ·bitcoin2价格
• ·公对公转账30万没开票怎么罚
• ·最火的买卖平台-最火的买卖平台排行榜
• ·Aave地址提取WETH实现471万美元盈利
• ·假股票平台
• ·虚拟货币行情暴跌
• ·外贸企业免税不退税账务处理
• ·建筑行业开票100万需要缴纳多少税
• ·kan币历史价格-kan币历史最高价
• ·股票解除限售是利好吗-股票解除限售是利好吗?
• ·yas虚拟币价格-yam虚拟币数量
• ·zec钱包地址怎么弄-钱包地址怎么用
• ·继美国GENIUS之后，香港通过的稳定币法案有何新看点？
• ·eos币怎么样