"Wow, many people are interested in this platform, are you interested too?"
Over the past few days, a decentralized social media app called Friend.tech has become one of the hottest trends in the cryptocurrency market after successfully generating a huge amount of money in just 24 hours.
Following the platform allowing users to issue shares to their followers who want to access closed group chats, Friend.tech has earned around $4.61 million in payments over the past seven days.
Through observation, Friend.tech not only performs better than the main networks such as Bitcoin (BTC) and Tron (TRX) but also several decentralized exchanges, among which are Uniswap (UNI) and PancakeSwap (CAKE).
Having held a beta launch on August 10, 2023 and amassed $8 million worth of ETH in trading volume, Friend.tech has generated $62 million in ETH traded across 1.67 million transactions.
In addition to attracting the attention of major crypto personalities Haska Trades, Cobie and others, several esports influencers such as FaZe Banks as well as Milwaukee Bucks point guard Grayson Allen are also interested in Friend.tech.
But despite the initial success of the platform, there are some individuals who are still skeptical about its long-term viability.
This is because Friend.tech was found to not have any privacy policy, where it requires users to put their ETH when registering and it is also claimed that it does not have a clear roadmap.
