Friend.tech
Crypto Overview
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.
Crypto Impact
To assign a comfort level investing in Friend.tech from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Friend.tech.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.