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the platform appears to continue operating, it is almost impossible to deploy other new features as control has been revoked.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

• ·区块链应用是什么 区块链应用是什么意思
• ·QNT过去七天内上涨了15.15% 这会是一个顶级信号吗？
• ·萌奈币今日行情-萌奈币今日价格
• ·Worldcoin的Orb在运营商入职过程中存在严重的安全漏洞
• ·景瑞股票
• ·TITAN币多少钱
• ·比特币现金历史行情
• ·资产负债表应交税费的计算方法是什么
• ·公司车辆修理费会计分录是什么
• ·计提递延所得税资产分录怎么做
• ·THORChain 上涨 16%，挑战 2.93 美元——只有这个价位才能阻挡 RUNE 的步伐
• ·链游的兴衰：从资本追捧到行业洗牌的必然之路
• ·请问光大银行信用卡二卡一般额度多少啊？
• ·脑钱包虚荣钱包
• ·王伟东股票
• ·BitGo 將推出 USDS 穩定幣，向生態參與者提供流動性獎勵