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FriendTech token launches, Airdrop and version 2 become available
The highly anticipated launch of the native token for FriendTech, a pioneering Web3 social media platform, marks a significant milestone in the evolution of decentralized networking. After months of development and preparation, the Friend token has been officially introduced and is now actively traded decentralized exchange (DEX) hosted on the Base network. Market data compiled by DexScreener reveals that the Friend token is currently valued at $3 per unit, boasting a circulating supply of approximately 14.5 million tokens.
FriendTech has attracted attention for its innovative approach to social networking, particularly through its unique networking service that leverages social tokens known as “Keys.” These keys grant users access to specialized chats and premium content from creators, fostering a sense of community and exclusivity within the platform. FriendTech originally caused a sensation when it launched on the Ethereum Level 2 network Base as early as August, positioning itself as a leader in the burgeoning realm of decentralized social media.
FriendTech conducts the token launch in conjunction with the version 2 launch
In a strategic move to engage and incentivize its user base, FriendTech has launched a token airdrop coinciding with the launch of the long-awaited version 2 (v2) platform. This latest iteration introduces users to a number of new features aimed at improving their overall experience. A notable addition is the introduction of “Clubs”, designated community spaces owned and operated by key holders. Within these clubs, users can participate in discussions, share content, and foster connections within their respective communities.
Transactions within these Clubs will be facilitated using Friend tokens, the platform’s native currency, with a nominal 1.5% fee assigned to liquidity providers on the DEX. To participate in the token airdrop and claim their token share, users must meet specific criteria. This includes joining at least one Club and following a minimum of 10 users on the FriendTech platform, encouraging active participation and community involvement among users.
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FriendTech Delays Token and Version 2 Launch and Prepares for Airdrop
Despite initial projections for an April 29 release, the launch of FriendTech’s token and version 2 platform has been slightly delayed, now scheduled for a later date. The announcement, made by FriendTech on April 27, cited further preparations and optimizations as the reason for the postponement. However, progress continues unabated, with FriendTech claiming the completion of the snapshot needed for the upcoming airdrop distribution, scheduled for today, May 3.
Despite the temporary setback, FriendTech maintains its importance within the Basic network ecosystem, currently ranked as the ninth largest protocol by total value locked. According to insights provided by DeFiLlama, FriendTech boasts an impressive total value locked of approximately $30 million, demonstrating its importance in the decentralized finance landscape. As anticipation builds for the upcoming launch and airdrop, stakeholders are eagerly awaiting the next chapter in FriendTech’s journey towards redefining the future of social networking on the blockchain.
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