How to become a millionaire on FriendTech

Mastering FriendTech A Step-by-Step Guide to Becoming a Millionaire

Author: Crypto Rookies Source: medium Translation: Shanon and LianGuai

Occasionally, a new cryptocurrency project sweeps the market, Friend.tech is such an example.

Despite having a very limited mobile application and feeling like it was launched too early, it generated huge revenues from this early project. Yesterday, it had a trading volume of 7,850 ETH and, as the protocol charges a 5% fee, they earned close to $644,000 in revenue on the last day, equivalent to Uniswap’s revenue (one of the world’s largest revenue-generating protocols). Overall, FriendTech has earned $12.8 million in 41 days so far… If this trend continues, they will be considered a unicorn (a company with a valuation over $1 billion) in just 41 days… I mean, only 41 days, right? ??

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Let me objectively assess it, even on their worst day, they still made $24,000… which can offset the significant capital expenditure required for operations, so despite these flaws, I don’t think they will disappear soon.

Although there are significant risks due to the anonymous team and many other reasons. I still believe that as long as they clean up the UI and UX and launch in full force, this project can achieve significant success. One reason is that social media is one of the most widely used categories of applications in the world. In fact, 1.3 billion users spend an average of 5 hours a day on social media. The cost of developing such applications is much cheaper than building AAA games that attract the same number of users.

Figure 3. FriendTech screenshot

Many people may think that this growth will collapse soon. Although the economy may not be perfect, many users are generating insane returns. Greed is a powerful motivator and, as we all know, the cryptocurrency industry attracts the most “fallen” users. Therefore, I believe that as long as a small fraction of users (traders and some content creators) gain sufficiently high profits, they will continue to participate and develop applications until they reach critical mass. After all, it’s like the stock market, except users are investing in individuals rather than companies. Furthermore, unlike publicly listed companies that start trading at a relatively fair value, these content creators start trading at the very bottom, so early investors can enjoy the entire growth journey. So,

It is worth noting that FriendTech, which has 200,000 users, can still grow to 10 million users, and may even grow to 100 million users in the next bull market, so it’s certainly not too late for you.

My experience so far

I joined the app a month ago and gained a 56% return on investment in the first 30 days.

So far, I’ve found myself addicted and hoping to take advantage of this trend. I only invested $94 because I found the risk of failure to be very high.

According to my calculations, if the 56% monthly return on investment remains constant, even with an initial capital of only $94, it would take 1 year and 9 months to reach $1 million. This is definitely crazy, but it’s exponential growth. Obviously, at some point it will mature, but we’re still in the testing phase, and we haven’t even considered the upcoming airdrops.

Even my girlfriend, who has been learning how to trade cryptocurrencies recently, has become obsessed with FriendTech (don’t be shy, go search for her profile).

Please note that on the first day, my ROI was 42%, but then I was exploited by bots and had to modify my investment strategy. Now I’m taking a longer-term approach.

Tips and Tricks

As far as I know, the UI/UX is very limited and only the top 50 creators are easy to find, but their prices are much higher, in some cases even 7 ETH, and since the app doesn’t allow fractional ownership, the cost of investing in top creators is around $11,500. Other users have adopted various strategies: 1) Buying a large amount of their own keys and telling other users that you will continue to buy your own keys, but this can easily lead to manipulation, so it’s an unpopular practice now, 2) Participating in (3,3), which means buying from every person who buys from you. This requires trust, like playing PUBG with other users, but it’s still the most effective strategy considering the upcoming airdrop, 3) Joining Twitter spaces about FriendTech and trying to find underrated creators and take advantage of their growth, Creator Fund.

I tried using name search to pick authors, it’s best to look at their Twitter profiles to pick those with as many followers as possible and good activity related to the crypto industry. The reason for choosing crypto-friendly creators is that FriendTech is currently only available on the Base chain, which is a blockchain newly launched by Coinbase.

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