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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·Liquid网络总锁仓价值突破32.7亿美元，推动比特币生态与传统金融融合
• ·光弘科技收盘跌2.5%，主力资金净流出5.29亿元
• ·莱特币行情最新价
• ·新益昌(688383.SH)：目前主要在半导体先进封装及高清显示领域为华为提供定制设备及配套技术服务
• ·比特币用户应该关注《GENIUS法案》
• ·rvn钱包地址-rvn 钱包
• ·由于社区质疑其去中心化程度，Sui 代币价格下跌
• ·比特币行情最好
• ·特朗普税改法案引发财政担忧，美国国债收益率持续承压
• ·奈拉支付平台
• ·lmax交易平台
• ·新比特交易平台
• ·link币价格今日行情
• ·richcoin是什么
• ·股票资金放大-股票资金放大10倍
• ·什么软件能炒虚拟货币 十大虚拟炒币平台app