“Severing Ties! FriendTech’s SocialFi Project Faces Immediate Halving After Coin Launch”

Despite many controversies, the social platform Friend Tech has set the benchmark for “SocialFi” in the past year and has influenced the development of many innovative applications. Many communities have indeed established meaningful social circles on this platform, and people also expect these solid foundations to bring a bright future for Friend Tech’s token issuance.

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FriendTech Token Issuance, Communities Unable to Claim in Full
Twitter Influencer Ignas: Friend Tech V2 is a Huge Failure

On May 3rd, Friend Tech (abbreviated as FT) started the token FRIEND distribution, and many users on Twitter responded that they “could not claim in full.” The claiming page also experienced temporary malfunctions, preventing many people from obtaining the tokens. As a result, the price of FRIEND dropped from the opening integer level to 0.8, experiencing multiple cuts; it was at 1.24 USD before the deadline. The communities that were expecting the airdrop and engaged in mutual trading expressed their frustration, stating that they suffered severe losses. What’s worse is that they believe the deep friendships built here have been disgraced.

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Twitter influencer Ignas commented that Friend Tech V2 is a huge failure and is very disappointing. Friend Tech clearly had everything to achieve a market value of 1 billion USD, and more importantly, to expand their audience beyond the cryptocurrency circle. Ignas believes that Friend Tech’s development capabilities were exaggerated. After 8 months of development, Friend Tech only needed to ensure the program could function, but the v2 application was completely unusable. They did not focus on building a reliable product but instead posted garbage on X. Although it would have been forgivable if they had actually completed the product. Is this their strategy all along? Selling FRIEND to prepare for a real upgrade and restore the price? Ignas stated that he would not be surprised by this strategy. However, Friend Tech let the opportunity slip away. He has an active community of friends on Friend Tech, but if all of this is wasted, it will be a shame.

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Further reading
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