Friend.tech

Overview

Friend.tech is a decentralized social platform built on the Base network that allows users to tokenize their social capital. Users create personal token shares that others can purchase to gain access to exclusive chats and content.

Purpose and Utility

The platform's intended purpose is to create a marketplace for social engagement where users can monetize their influence and knowledge through token-gated access to private chats. The current usage aligns with this intended purpose, with active trading of creator shares and engagement in exclusive chat rooms.

Business Model

The platform generates revenue through trading fees on share transactions. The core functionality revolves around buying and selling actual ownership stakes in creator profiles, with tangible utility in the form of access rights and social engagement.

Platform Activity

Friend.tech has shown significant adoption since its launch, with substantial trading volume and active user engagement. The platform continues to develop new features and maintain its infrastructure.

Token Distribution

Share pricing follows a bonding curve model where each subsequent share costs more than the previous. Creators receive their own shares upon joining, and the platform takes a percentage of trading fees. The remaining fees go to a treasury controlled by key stakeholders.