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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·usdt用什么平台交易_交易所排名前十
• ·比特币用什么钱包购买好 全球币圈用户最喜欢的十大比特币钱包
• ·初链 TRUE是什么币？TRUE币上线交易所和官网总量介绍
• ·数字货币量化交易平台盘点 五大数字货币量化交易平台
• ·320113是哪里的身份证-320113是哪里的身份证号码
• ·币圈大佬在用的软件 币圈正规的交易平台
• ·32寸显示器长宽到底多大？32寸显示器长宽多少
• ·什么平台可以买卖比特币？比特币十大交易所
• ·PlayDapp是什么币
• ·苏州爱马仕专柜在哪里
• ·2025年比特币在哪里买？全球比特币交易所排行
• ·买卖虚拟货币USDT的交易所_排名前十泰达币TRC20交易平台榜单一览
• ·XLC是什么币？XLC币上线交易平台和官网总量
• ·最新交易所排名前10名单_最好的前三名比特币交易软件排行榜
• ·比特币交易平台排行 比特币期货交易平台排名
• ·个人所得税由支付方依法预扣预缴是什么意思