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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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：私募资讯)

• ·收到折扣发票会计分录怎么做
• ·制造费用的分配方法是什么
• ·莱特币行情价格okcoin-莱特币行情价格今日
• ·emc什么币-emc是什么币
• ·公钥：Coinbase 黑客事件余波、MSTR 法律纠纷以及对稳定币好奇的华尔街
• ·pha火币
• ·storj众筹平台
• ·强制险能脱保多久？这样可以吗？
• ·Metaplanet 收购 1,004 枚比特币，总持股量增至 7,800 枚比特币
• ·10月31日国泰慧益一年持有混合A净值增长0.07%，今年来累计上涨4.73%
• ·股票转派送
• ·CME 的 XRP 期货现已上线：与 BTC、ETH 的首次亮相进行比较
• ·股票量比排名
• ·火什么币
• ·币交所交易平台是什么
• ·保额共享是什么意思？具体怎么操作？