Is Friend Tech Eyeing A Rebirth? Leaked V2 Smart Contract Hints

News

friend.tech

One crypto enthusiast revealed that he has found a possible V2 smart contract from Friend Tech, a social tokenization platform built on Base.

The Friend Tech Rebrand Plans

@Cbb0fe on X claimed not to be certain about what he had found but he provided a quick summary of his findings. 

There might be an airdrop token called POINTS which would generally be non-transferable at first except to certain whitelisted addresses. However, it can be traded on Friend Tech’s native DEX, BunnySwap.

This possible new version also comes with a smart contract called Clubs. With this feature, users can create social clubs, a bonding curve, or any other platform of their choice. A 1.5% platform fee as well as a 1.5% staking fee applies. Interested Club users are required to purchase “keys” with the POINTS token. 

“Native DEX: BunnySwap. Uniswap V2 fork with 1.5% fee,” the Crypto X user added. “Staking contract (BestFriend SC): MasterChef fork. Stake POINT/ETH LP to earn $POINT.”

This information surfaced almost nine months after Friend Tech suffered a data leak that cost the Decentralized Application (DApp) its users’ trust.

Impact of The Friend Tech Data Leak

In August 2023, the new decentralized social network gained a lot of attention in the cryptocurrency industry after it amassed $1 million in fees on the first day of operation. Sadly, this turned to negative energy after an unknown Yearn Finance contributor, Banteg, revealed a significant breach of sensitive user data on GitHub.

About 101,000 individuals had their sensitive information leaked including details of their Base wallet addresses and Twitter identities. In no time, many users began to raise concerns about the platform’s price structures and revenue-generating tactics. For a platform that was initially lauded for its rapid development and ability to drive more significant Bitcoin usage, Friend Tech suffered a great blow.

Since that time, the decentralized social network appears to be making efforts to re-establish its position in the ecosystem. In the months that followed Friend Tech even recorded $50 million Total Value Locked (TVL) but it is yet to make a full comeback. 

This information from @Cbb0fe may just be its strategy for a rebirth. Meanwhile, other decentralized social networks have sprung up recently and one of them is Lens Protocol.

The post Is Friend Tech Eyeing A Rebirth? Leaked V2 Smart Contract Hints appeared first on CoinGape.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply