Decentralised social platform friend.tech will start airdropping reward points to app testers this Friday, with a plan to distribute 100 million points over 6 months (every Friday). The points are collected off-chain during the beta period and will be used for a special purpose when the app is officially released.
Last week, friend.tech, a decentralized platform that calls itself “the marketplace for your friends” opened its invite-only beta test. The app essentially allows users to tokenize their social network and is built on Base, Coinbase’s new layer 2 network.
The platform lets users buy shares of connected Twitter accounts to join private chatrooms with said user. This essentially allows anyone on the app to bet on the social worth of other users on the platform, through the purchase of shares of the other user. It can be thought of as social tokens of their respective users. Prices of user shares fluctuate based on demand and supply.
Stay updated with the most important cryptocurrency news and valuable insights, conveniently delivered to your email every day. Subscribe to the TokenInsight mailing list now!
Prefer social media? Follow us on Twitter, or subscribe to our Telegram channel!
If you have news reports or announcements that you want to reach a wider audience, feel free to email us at news@tokeninsight.com
Social
Base
