Come on, let’s explore the endless possibilities of Friend.Tech derivatives together!
Original author: dt
Original editor: Lisa
With the recent market correction and lack of hot spots, friend.tech has emerged as a dark horse and occupied almost all Twitter pages. This decentralized social application (SocialFi) built on the Layer 2 public chain Base supported by Coinbase has received investment from Paradigm, a top venture capital firm in the cryptocurrency circle, and has announced a points airdrop mechanism, allowing retail investors, KOLs and even institutional investors in the industry to participate in the event. Following this trend, many developers have also made many derivative tools for friend.tech.
Today, Dr. DODO will introduce you to several derivative tools of friend.tech, allowing you to use friend.tech more professionally and conveniently.
The derivatives of friend.tech can be divided into four categories:
1. Third-party front-end
friendmex.com: Created by former Paradigm researcher @_anishagnihotri, it is specifically designed for trading friend.tech keys. It allows users to purchase keys in bulk, view key price charts, real-time trading dashboards, new user monitoring dashboards and price rankings. It has very complete functions and is free to use. The only disadvantage is that the search function is slightly weak.
risedle.com/friendtech: The friend.tech data dashboard created by @risedle project team allows you to view the top, most popular, highest spending and most profitable user rankings. The interface is simple and clear, but the only drawback is that it is currently impossible to trade keys on its front end.
realfriend.tech: A web version of friend.tech front-end created by @iam 4 x, it provides various trading data including line charts, PNL, real-time trading data and new user dashboards. In addition, it also has robots for sniping new users and chat rooms. It has more functions than friendmex, but the disadvantage is that you need to purchase the founder's Key and pass verification before you can use it.
friendtech.pro: Produced by @NFTommo, like realfriend.tech, it requires the purchase of the founder's key to use. It provides more detailed data for users to view, including Twitter tracking post data, average holding time, and total data on friend.tech's daily cash flow, etc.
frentech 95.com: Created by @0x submerged, it has a payment threshold like the previous two and requires the purchase of the founder's key. It is a Windows 95 retro-style trading front-end with basic functions such as trading charts and chat rooms. Its functions are relatively simple but the interface is simple.
frentech.octav.fi: A data dashboard created by @OctavFi for friend.tech users, where users can view personal key line charts, market value conversion, total expenses, total taxes paid, short points and other personal data.
2. Telegram / Discord Trading Sniper Bot
frenbot.tech (TG Bot): Currently provides new user reminders and buy and sell functions. Copy trading and sniping functions are not yet online.
palpaybot (TG Bot): Simple function, query Twitter and buy and sell.
FriendSniper (TG Bot): It has relatively complete functions, including new user reminders and user preset sniping. When a Twitter user registers friend.tech, it will snipe the purchase. It also has functions such as copy trading stop profit and stop loss.
New Friendtech Listings / FriendTech 10 k bot (TG Bot): Both are bots that track newly registered users, but the latter only sends push notifications to users with more than 10 K Twitter followers.
meowl (DC Bot): It is a token trading robot. Recently, it has added friend.tech trading and sniping functions. It can snipe new registered users by setting Twitter names or the number of followers.
FriendTech Feed (DC Bot): Provides instant notifications of new friend.tech users and can filter and classify them by the number of followers, as well as instant transaction information or large transaction information.
3. Index or information aggregator
This type of product can be divided into two types. The first type is the market-priced key, which is different from the actual index/ETF concept and has no price anchoring. However, through the project party purchasing the head key and sharing information and future token airdrops, users can enjoy the value of holding the head key (not the price). Currently, the following are ranked higher. Usually, after purchasing, you will have the right to enter the TG/DC group to obtain information sharing, and the token algorithms for subsequent airdrops are also different: Herro/Herr 0x, Friend ETF, Friend Index ＆ Metakeys.
The second is that the on-chain contract platform tracks the data on the friend.tech chain and gives the corresponding anchor price to provide users with leverage for long/short positions, such as hyperliquid.
The median price of the top 20 keys is used as the standard, while unidex and aevo also track the total TVL, which is the sum of the prices of all keys.
Source: https://leverage.unidex.exchange/
4. Derivatives
perps. : friend.tech key perpetual trading, you can leverage long and short KOLs on Twitter, currently it has been launched on the mainnet test and there are 22 keys available for trading.
Source: https://www.perps.tech/trade
friendlend.tech: friend.tech key lending platform, you can pledge Key to borrow stablecoins. The product has not yet been launched, so be careful whether it is a scam.
FTSX: Like perps., its goal is to provide the function of long and short leverage of key perpetual contracts. Currently, the product has not been launched yet, just like friendlend.tech, so please note.
Author's opinion
As I mentioned in the article about the journey of the new public chain in mid-August, after friend.tech has the endorsement of top venture capital institutions, not only will retail investors flock to experience the product, but many developers will also rush to develop derivative tools/projects on friend.tech, which will indirectly promote the development of the entire public chain. Now, with the popularity of friend.tech, the TVL of the Base public chain is also rising.
Another point that needs special attention is that friend.tech officials said that the airdrop will take place in half a year, and one of the current calculation criteria for airdrop points is the value of the key held, that is, the amount of locked positions of users on friend.tech. Therefore, many players have the so-called 3, 3 gameplay, which means that they hold each other's keys and do not sell them, and everyone earns airdrop points together, and also allows those index keys that hold many top keys to have the so-called accelerated mining function (users hold index keys to earn points and can also obtain airdrop tokens through the keys held by the index). Perpetual contract platforms that can short the friend.tech craze can help users partially hedge risks in a timely manner and reduce the transaction tax required for actual sales.
Another point is that as friend.tech's money-making effect gets better and better, some top Kols who have not yet joined will be frantically bought by private robots as soon as they join the key, so that using public robots will often buy at the top of the mountain, not to mention manual users. Therefore, it is necessary to use public robots with caution. How to use robots to fight against private snipers is also a key to whether you can make a profit.