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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·天津商业贷款怎么转公积金贷款？想要了解一下。
• ·元宝币现在行情怎么样
• ·Ripple 的悄然崛起：比特币 Maxis 是否应该担心 XRP 日益增长的影响力？
• ·World Chain将集成USDC和CCTP V2提升跨链功能
• ·养老业股票-养老业股票有哪些
• ·新西兰十月份穿什么-新西兰十月份穿什么衣服
• ·宜人贷审核通过率高吗？贷款的条件是什么？
• ·okcoin怎么样
• ·火币网如何充值
• ·莱特币行情价格
• ·个人所得税可以异地申报吗
• ·特朗普的税收法案遭众议院共和党阻挠，穆迪取消美国 AAA 评级
• ·红冲发票怎么写分录
• ·Sui价格突破3.30美元，TVL超17亿美元，能否迈向6美元新高？
• ·会计报表如何把账面亏损变盈利
• ·比特币价格由什么决定