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A Closer Look at friend.tech: Controversial Crypto App Attracts Millions in Ethereum
A new crypto app called friend.tech has gained attention and is attracting millions of US dollars in Ethereum (ETH). However, the concept of friend.tech is complicated and has raised controversy. This article provides an overview of the project, discussing its features and concerns.
About friend.tech
Friend.tech is a new crypto app that has recently launched and is currently in the beta phase, accessible only with invitation codes. Despite its limited availability, the app has already received around 10,000 Ethereum (ETH), equivalent to almost 17 million US dollars. The app allows users to buy shares in crypto celebrities, engage in chats with them, and potentially order tweets. It aims to monetize the reach power of influencers on X (formerly Twitter).
Concerns and Controversy
There are several concerns surrounding friend.tech. The app’s privacy policy is not yet available, leaving users unsure about the personal data it collects and what it will be used for. Additionally, the app has been reported to have server overload issues and leaves important questions unanswered. Skeptics also point to the team behind friend.tech, as previous NFT projects associated with them have been suspected of being scams.
Potential and Risks
Despite the controversy, friend.tech has gained attention and generated more revenue and transactions than leading NFT marketplace Opensea. Crypto celebrities are joining the project to generate revenue in Ethereum with minimal exposure and to qualify for airdrops from a token that friend.tech plans to launch. However, it is too early to determine whether friend.tech’s success will go beyond being a temporary trend.
Conclusion
Although friend.tech has attracted significant attention and sales, it remains to be seen if it has enough substance to become more than a short-lived hype. The app’s success highlights the appeal of Coinbase’s base ecosystem as a playground for new crypto projects. Users who manage to obtain an invite code are advised to use an anonymous email address and deposit Ethereum from a separate wallet to mitigate potential risks. Additionally, the app is still unstable, requiring users to be patient.
A new crypto app called friend.tech has gained attention and is attracting millions of US dollars in Ethereum (ETH). However, the concept of friend.tech is complicated and has raised controversy. This article provides an overview of the project, discussing its features and concerns.
Friend.tech is a new crypto app that has recently launched and is currently in the beta phase, accessible only with invitation codes. Despite its limited availability, the app has already received around 10,000 Ethereum (ETH), equivalent to almost 17 million US dollars. The app allows users to buy shares in crypto celebrities, engage in chats with them, and potentially order tweets. It aims to monetize the reach power of influencers on X (formerly Twitter).
There are several concerns surrounding friend.tech. The app’s privacy policy is not yet available, leaving users unsure about the personal data it collects and what it will be used for. Additionally, the app has been reported to have server overload issues and leaves important questions unanswered. Skeptics also point to the team behind friend.tech, as previous NFT projects associated with them have been suspected of being scams.
Despite the controversy, friend.tech has gained attention and generated more revenue and transactions than leading NFT marketplace Opensea. Crypto celebrities are joining the project to generate revenue in Ethereum with minimal exposure and to qualify for airdrops from a token that friend.tech plans to launch. However, it is too early to determine whether friend.tech’s success will go beyond being a temporary trend.
Although friend.tech has attracted significant attention and sales, it remains to be seen if it has enough substance to become more than a short-lived hype. The app’s success highlights the appeal of Coinbase’s base ecosystem as a playground for new crypto projects. Users who manage to obtain an invite code are advised to use an anonymous email address and deposit Ethereum from a separate wallet to mitigate potential risks. Additionally, the app is still unstable, requiring users to be patient.
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