Friend.tech's Rapid Growth
Rapidly rising in popularity, friend.tech nears Ethereum's earnings with a whopping $1.7M in daily fees just ten days after its launch.
People are talking a lot about friend.tech, a new Web3 social media app. This special app on the Base Layer 2 network lets people sell shares of themselves that others can buy and sell. Just ten days after starting, friend.tech has made $1.7M in one day from fees. This is second only to Ethereum and more than some big names like Lido and Uniswap.
The app became even more popular when they said they got money from Paradigm, a big tech investment company.
Rewards Every Friday on Friend.tech One big reason people like this app is because of a rewards program. Starting on August 18, friend.tech gave out rewards to 44,000 users every Friday. During a test period of six months, the app will give a total of 100M points. These points will be given based on how active users are and will have a special use later.
New Tool and Fees on Friend.tech A famous person in the crypto world, foobar, introduced a way to make friend.tech shares into something called "wrapped friends." This new thing lets shares be sold on other platforms without the 10% fee from friend.tech. But, there's a catch: there's a 5% fee to make and remove these "wrapped friends," and the person who made this takes half of that fee.
