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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·个人股票回购-个人股票回购增持贷款
• ·比特币今日和昨日
• ·火币赚钱
• ·bt钱包行情走势
• ·10大虚拟币交易平台_usdt交易平台下载
• ·火币上挖矿
• ·btcst怎么提现 btcs如何提现
• ·【币圈看盘软件】top10泰达币usdt交易所排名
• ·捷信贷款10000月供多少呢？我借了10000分了12期。
• ·分析公司 Glassnode 表示，比特币在 Coinbase 和币安上大量增持——前景展望如下
• ·微策略轉移 4,922 顆比特幣，總價值約 2.94 億美金
• ·币信怎么交易
• ·未认证发票入账怎么写分录
• ·以太坊行情软件
• ·达利欧：美联储处境艰难，不应当降息，警告「不合适的降息」后果
• ·Robinhood向美国SEC提交提案：推动RWA代币化以实现链上股票交易