1. BITBILIHome
  2. Article

Friend.tech secures seed round funding from Paradigm, distributes 100M points in airdrop

• 84 views

TL;DR Breakdown

  • Friend.tech, a decentralized social platform, secured seed round funding from Paradigm earlier this year.
  • The platform recently concluded its inaugural Friday Points Airdrop, benefiting 44,000 users.

Description

Friend.tech, a decentralized social platform, secured seed round funding from Paradigm earlier this year. This partnership with the venture capital firm aims to develop innovative online social interaction tools jointly. Furthermore, friend.tech recently concluded its inaugural Friday Points Airdrop, benefiting 44,000 users. As part of its six-month beta phase, the platform had previously disclosed plans … Read more

Friend.tech, a decentralized social platform, secured seed round funding from Paradigm earlier this year. This partnership with the venture capital firm aims to develop innovative online social interaction tools jointly.

Furthermore, friend.tech recently concluded its inaugural Friday Points Airdrop, benefiting 44,000 users. As part of its six-month beta phase, the platform had previously disclosed plans to distribute 100 million points to its app testers through these airdrops. The distribution of these points occurs on Fridays and carries a specific significance that will come into play after the beta period culminates.

The mechanics behind point accumulation are confined exclusively within the app’s confines and do not register on the blockchain. A regular recalibration takes place every week to ensure an equitable system. Friend.tech encourages users to employ the app as intended in their routine interactions.

The concept of these points has gripped the community’s attention. A surge in user engagement on friend.tech is evident, with a proactive sharing of project information to heighten future airdrops’ prospects.

Friend.tech bringing decentralization to social platforms

Drawing parallels to BitClout’s 2021 phase, friend.tech’s operational framework shares resemblances, although with the significant deviation of not featuring detached share trading unrelated to the platform. The transaction fees generated from share trading might influence the points allocated in the recent airdrop.

As a decentralized social platform affiliated with X, friend.tech empowers users to secure stakes in any fellow user on the platform through the Base network, utilizing ETH. That affords them direct communication rights. Within friend.tech, each user possesses a distinct set of shares.

The platform allows users to acquire shares in connected X accounts, granting entry to private chat rooms with these account holders. That enables any app user to speculate on the social value of their peers by investing in their shares, akin to possessing social tokens linked to the respective users. The valuation of user shares experiences fluctuations in response to shifts in supply and demand.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. 

文章来源于互联网:Friend.tech secures seed round funding from Paradigm, distributes 100M points in airdrop

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年8月19日 22:12
Next 2023年8月20日 00:07

Related articles

  • Japan’s Largest Banks Collaborate to Introduce Stablecoins to Cosmos

    TL;DR Breakdown Partnership: TOKI, Noble, and Progmat, along with major Japanese banks, are collaborating to introduce fully collateralized Japanese stablecoins to the Cosmos ecosystem. Cosmos Integration: The stablecoins will initially be available on the Cosmos Inter-Blockchain Communication (IBC) protocol. Description Japan, known for its technological advancements and progressive regulatory environment, is making significant strides in the cryptocurrency landscape. In a groundbreaking partnership, the country’s largest banks have joined forces to bring stablecoins to the Cosmos ecosystem. This collaboration involves TOKI, a prominent cross-chain bridge provider and partner of Progmat, and Noble, a token issuance protocol. … Read more Japan, known for its technological advancements and progressive regulatory environment, is making significant strides in the cryptocurrency landscape. In a groundbreaking partnership, the country’s largest banks have joined forces to bring stablecoins to the Cosmos ecosystem. This collaboration involves TOKI, a prominent cross-chain bridge provider and partner of Progmat, and Noble, a token issuance protocol. Together, they aim to introduce fully collateralized Japanese stablecoins to the Cosmos network, offering a secure and regulated means of digital asset transactions. Contents hide 1 The…

    Article 2023年7月8日

  • What exactly happened between Taylor Swift and FTX?

    TL;DR Breakdown Taylor Swift was in talks for a $100 million tour sponsorship deal with the now-defunct crypto exchange, FTX. Despite initial reports suggesting Swift pulled out, it was FTX’s former CEO, Sam Bankman-Fried, who left the agreement unanswered. Swift’s financial acumen, likely influenced by her father, a well-regarded investment banker, saved her from a potentially disastrous entanglement with the crumbling exchange. Description As the dust settles on the tangled relationship between 12-time Grammy award-winning singer-songwriter, Taylor Swift, and the now insolvent cryptocurrency exchange, FTX, one question remains. What exactly transpired between these two unlikely entities? This convoluted saga plays out like a chart-topping ballad, full of twists, turns, and a dash of corporate intrigue. The Opening Act: … Read more As the dust settles on the tangled relationship between 12-time Grammy award-winning singer-songwriter, Taylor Swift, and the now insolvent cryptocurrency exchange, FTX, one question remains. What exactly transpired between these two unlikely entities? This convoluted saga plays out like a chart-topping ballad, full of twists, turns, and a dash of corporate intrigue. The Opening Act: A Deal Gone Wrong…

    Article 2023年7月10日

  • Vitalik Buterin outlines elements that will help Ethereum succeed

    TL;DR Breakdown Ethereum co-founder Vitalik Buterin has highlighted three elements that will help the blockchain succeed. The CEO wants to enhance user adoption and experience. Vitalik Buterin, the co-founder of Ethereum, has identified three crucial technical “transitions” that he believes will determine the success of the Ethereum blockchain. In a recent blog post, Vitalik Buterin emphasized the significance of layer-2 scaling, wallet security, and privacy-preserving features in driving Ethereum’s growth and adoption. Vitalik Buterin highlights Scaling as a key element Buterin argued that without a robust scaling infrastructure to reduce transaction costs, Ethereum faces a critical challenge. He highlighted the issue of high transaction fees, stating that Ethereum fails when transaction costs reach $3.75 per transaction (or even higher during bullish market conditions). To avoid such problems, he stressed the need for scalable solutions that enable affordable transactions, allowing Ethereum-based products to serve the mass market without resorting to centralized workarounds. The second point of concern for Buterin revolved around smart contract wallets. While acknowledging their advantages, he pointed out the complexities that arise when users manage multiple addresses simultaneously….

    Article 2023年6月15日

  • Presidential candidate Ramaswamy hits back at DeSantis’ Bitcoin statement

    TL;DR Breakdown Presidential candidate Ramaswamy strongly disagrees with Governor DeSantis’ recent statement regarding Bitcoin. While DeSantis expressed skepticism about the crypto, Ramaswamy sees Bitcoin as a valuable and transformative technology that can revolutionize various aspects of the economy. The ongoing Culture war on Bitcoin and Crypto adoption fuels grounds for growth and regulations. In a move that highlights the growing intersection between politics and crypto, US presidential candidate Alex Rivaswamy took a sharp swipe at Florida Governor Ron DeSantis following the latter’s recent remarks on Bitcoin. The comment has ignited a fierce culture war surrounding the controversial crypto, putting the spotlight on its role in shaping political landscapes. Rivaswamy, a prominent figure in the Democratic Party, seized the opportunity during a campaign rally to criticize DeSantis’ stance on Bitcoin. Speaking before a crowd of fervent supporters, he condemned the Governor’s remarks, labeling them as shortsighted and dismissive of the transformative potential of digital currencies. DeSantis’ Bitcoin remark sparks controversy DeSantis’ remarks, made during a press conference earlier this week, set off a flurry of reactions within the crypto community. While…

    Article 2023年5月29日

  • Terra Classic community votes to cease USTC minting for peg stability

    TL;DR Breakdown The Terra Classic community has voted to halt all minting and reminting activities associated with USTC. The primary objective is to protect the interests of both the Terra Classic community and external investors.  The proposal carries significant implications for the crypto industry. Description In a significant move aimed at restoring stability, the Terra Classic community has voted to halt all minting and reminting activities associated with TerraUSD Classic (USTC). This decision comes as part of a broader effort to reestablish a stable peg between USTC and the United States dollar. The community vote, which concluded with a 59% … Read more In a significant move aimed at restoring stability, the Terra Classic community has voted to halt all minting and reminting activities associated with TerraUSD Classic (USTC). This decision comes as part of a broader effort to reestablish a stable peg between USTC and the United States dollar. The community vote, which concluded with a 59% majority in favor of discontinuing USTC minting, is seen as a pivotal step towards addressing the recent turmoil in the Terra Classic…

    Article 2023年9月25日
TOP