🚀 Friend.tech Updates Admin And Ownership Parameters To Prevent Future Changes
#FriendTech #Blockchain #SmartContracts #CryptoUpdates #Ownership #AdminParameters
According to Odaily, friend.tech announced that the Admin and ownership parameters have been set to 0x000...000 to prevent any future changes to its fees or functionalities. This modification will not affect the separate web client running on friend.tech, which will continue to operate normally. Currently, fees from smart contracts or friend.tech will not be directed to the friend.tech development team's multisig.#FriendTech #Blockchain #SmartContracts #CryptoUpdates #Ownership #AdminParameters
🚀 Friend.Tech Token Drops 25.6% in 24 Hours
#FriendTech #FRIENDtoken #cryptocurrency #marketdecline #blockchain #smartcontracts #tradingvolume
According to BlockBeats, the FRIEND token experienced a significant decline over the past 24 hours, dropping by 25.6%. The current price of the token stands at $0.06668, with its market capitalization falling to $6.29 million. The 24-hour trading volume for FRIEND was recorded at $221,000.
In related news, it was reported that the developers of Friend.Tech have relinquished control over the protocol's smart contract as of yesterday. This development may have influenced the recent market performance of the FRIEND token.#FriendTech #FRIENDtoken #cryptocurrency #marketdecline #blockchain #smartcontracts #tradingvolume
🚀 NDV Co-Founder Reports $500,000 Loss on Friend.Tech
#NDV #FriendTech #loss #decentralized #socialplatforms #Christian #Racer #crypto #BlockBeats #tragedy
According to BlockBeats, on September 9, NDV co-founder Christian revealed on social media that he has incurred a loss of $500,000 on Friend.Tech. Christian expressed his disappointment, stating that his profits were derived from community members who believed in the vision and power of decentralized social platforms. He criticized Racer, the founder of Friend.Tech, for lacking the capability to develop a groundbreaking application and for acting unethically, which he described as 'cutting leeks.' Christian had hoped the community could recover, but he believes Racer has destroyed all potential for the CTO. He also questioned the due diligence conducted by Paradigm, labeling the situation as a tragedy of the current cycle.#NDV #FriendTech #loss #decentralized #socialplatforms #Christian #Racer #crypto #BlockBeats #tragedy
🚀 Friend.tech Confirms No Plans to Halt Web Application
#Friendtech #WebApplication #Blockchain #SmartContracts #Base #CryptoNews
According to BlockBeats, on September 10, friend.tech announced on social media that it has no plans to close or stop its web application. The company has ensured through code parameters that there will be no future changes to the smart contracts deployed on Base, which could increase or generate new fees. This operation will not affect the current functionality of the friend.tech web application in any way.#Friendtech #WebApplication #Blockchain #SmartContracts #Base #CryptoNews
🚀 Friend.tech Addresses Community Concerns, Ensures Continued Operation
#FriendTech #CommunityConcerns #SmartContracts #ApplicationUpdate #UserReassurance #Blockchain #Base
According to Odaily, the official friend.tech team has addressed community concerns regarding the application's future. In a recent post on the X platform, the team clarified several points to reassure users. Firstly, they confirmed that there are no plans to shut down or halt the friend.tech website application. Secondly, the team explained that their previous action of relinquishing contract permissions was primarily to ensure that no future changes could be made to the smart contracts deployed on Base, which might introduce new fees or increase existing ones. Lastly, they assured users that these actions would not affect the current functionality of the friend.tech website application. Everything that users know and use will remain unchanged.#FriendTech #CommunityConcerns #SmartContracts #ApplicationUpdate #UserReassurance #Blockchain #Base
🚀 SocialFi Platforms Face Decline by 2026 Due to Core Deficiencies
#SocialFi #platforms #decline #2026 #ChainCatcher #tokens #collapse #Friendtech #incentives #monetization #financialgains #VitalikButerin #culturalfoundations #socialinteraction #speculation #tokenplummet
SocialFi platforms are projected to face significant challenges by early 2026, with many being abandoned, acquired, or losing functionality, according to ChainCatcher. Tokens associated with these platforms are expected to plummet by 90-99%, and communities may vanish once incentives dry up. Friend.tech serves as a notable example, having generated substantial fees and attention at its peak, only to see activity drop by over 95% within months, leading to a token collapse.
The fundamental flaw lies in SocialFi's blending of social interaction with speculation. Platforms have monetized individuals rather than the platform itself, shifting user focus from content quality to potential financial gains. This monetary influence alters incentive structures, which in turn changes behaviors and ultimately undermines cultural foundations. Vitalik Buterin has criticized SocialFi for being developed by market-obsessed individuals attempting to address issues that only social thinkers can truly comprehend.#SocialFi #platforms #decline #2026 #ChainCatcher #tokens #collapse #Friendtech #incentives #monetization #financialgains #VitalikButerin #culturalfoundations #socialinteraction #speculation #tokenplummet