From Ashes to Limelight: Friend.tech's $20M Milestone and What It Means for Crypto Enthusiasts ๐
Friend.tech: Rising from the Ashes ๐
Now, it might've had a rocky start, with a whopping 94% dip in trading volume just a month after its launch, but Friend.tech is back with a bang! Over the weekend, it clocked a total value locked (TVL) of $20 million. And that's not all - its trading volume skyrocketed to $12.3 million, outshining Ethereum's NFT trading volume on OpenSea, which stood at $9.3 million.
Whatโs the Buzz About? ๐
For those new to this, Friend.tech lets users tokenize their X (previously Twitter) profiles. The cool part? You can buy and sell "shares" of any X user. Got a share? You get a private chat with that influencer. The value of these shares isn't fixed; it's all about supply and demand.
Show Me the Money! ๐ฐ
Friend.tech isn't just about buying and selling shares. It's a revenue generator. Since its birth in August, it's churned out over $12 million in fees. And guess what? Half of this goes straight to share creators on the platform.
Airdrop Alert! ๐
Word on the street is that Friend.tech might be planning a massive airdrop campaign, similar to Paradigm-backed NFT marketplace Blur's $400 million BLUR token airdrop. Friend.tech also rolled out a Friday Points Airdrop campaign recently, showering 44,000 users with points that'll have value once the beta phase wraps up.
Want to Win on Friend.tech?
Here's How: ๐
Focus on High Demand Shares: Look for shares that are trending or those that seem undervalued.
Deliver Value: Keep your shares active and add utilities to them.
Engage: Buy someoneโs share and get them to buy yours. It's a win-win!
Why is Friend.tech Killing It? ๐
Well, it's got limited competition. One rival, Friend Room, is making its mark by letting users create virtual rooms. But Friend.tech's surge can be attributed to its money-making potential, a super user-friendly vibe, and the buzz around a possible airdrop.