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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·股票多久到帐-股票多久到帐户里
• ·etc火币网上线
• ·狗狗币 (Dogecoin) 跟随 WIF、FARTCOIN，关注 Solana – DOGE 也会爆发吗？
• ·Basel Medical Group启动10亿美元比特币收购战略计划
• ·明星买股票
• ·拦截软件偷算力-拦截挖矿软件偷算力
• ·公司地磅会计分录怎么做
• ·外汇期货有哪些平台？｜国内十大加密货币交易软件排行
• ·股票申购日期-股票申购日期是什么意思
• ·宜人贷审核通过率高吗？贷款的条件是什么？
• ·股票融资率-股票融资率怎么计算
• ·nem币历史行情
• ·Cetus悬赏500万美元寻求黑客相关线索
• ·数字币eos价格
• ·bit-z交易平台-bitz交易平台充值会有风险吗
• ·巴菲特清仓Nubank母公司获利2.5亿美元