The Friend Tech token airdrop generated interest and volume on the platform. The platform receives funding at a valuation of $50 million.
Within twenty-four hours of its debut, the decentralized social platform Friend Tech overtook Bitcoin, BSC, and Uniswap by accumulating more than $1 million in transaction fees.
However, what is Friend Tech, and why is the social dApp generating such a stir so soon after its release? Friend Tech is a decentralized application (dApp) for social media that allows users to tokenize their peers’ profiles. This platform facilitates the trading of shares associated with the social media profiles of peers.
Over the last 24 hours, Friend Tech has generated more fees than #Bitcoin, Uniswap and BSC.
Specifics aside, what excites me is how quick market penetration occurs when a product has a strong market fit.
The next killer dApp can gain traction much quicker than you think. pic.twitter.com/jwUsV7l9QN
— Miles Deutscher (@milesdeutscher) August 20, 2023Within 24 hours of its launch last week, It surpassed the world’s largest NFT marketplace with a trading volume of 4,400 ETH ($8.1 million).
In light of its recent partnership with Paradigm and impending airdrop, the buzz surrounding the Friend. Tech social dApp continues to grow. The social dApp platform recently completed a Series A funding round valued at $50 million.
The Series A funding round included token warrants, affirming the impending token issuance. As the only investor in the seed round, Paradigm has the incentive to allude at an airdrop. The airdrop would also be a fantastic marketing strategy for Friend Tech, as it encourages platform usage and discussion.
Users Qualification For Friend Tech Airdrop
To qualify for the Friend Tech airdrop, users must download the application to their mobile devices and sign in with their Twitter credentials. Later, they must add ETH to their Base wallet and purchase their first shares. After you have completed your configuration, the following actions are more likely to earn you points:
- Purchase your own share: This action allows others to acquire additional shares, generating fees in $ETH for you
- Trade shares of other creators. Engaging in this activity boosts your overall transaction volume. However, be cautious of spreads and fees associated with each transaction.
- Distribute your referral codes. On the “Airdrop” page, you will receive three distinct referral codes. Share these with others to increase your points.
Note that account speculation can be hazardous and highly volatile. Therefore, proceed with extreme caution at your peril.
