friend.tech revival arc incoming?
Following the initial hype surrounding friend.tech back in August/September (which we first covered here), activity on the app has been lacklustre and key prices have largely been downtrending despite an ongoing points program. Amid an extremely dull on-chain environment back in August, friend.tech was a beacon of hope but as the markets have recovered, participants have found other ways to entertain themselves and other venues for speculation.
Until very recently, the notion that “friend.tech is dead” had become quite widely accepted. However, some tweets from the team and an accompanying rumour which has been spreading have changed things somewhat...
The accompanying rumour is that the token will be a 100% community airdrop, in this case the team/investors would get no tokens beyond the airdrop they get from their own points. While the token launch could well be a flop, friend.tech already did the hard part of onboarding users to their platform and once the token goes live with liquidity mining incentives, it would not be surprising to see activity pick back up again in a significant way. So far the increase in buying activity can only be a positive sign of what is to come in the near future for our old friend friend.tech...
Check out our friend.tech leaderboard at: https://parsec.fi/address/0xcf205808ed36593aa40a44f10c7f7c2f67d4a4d4
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Nice!
good