Dark version of Friend.tech? A quick look at nofriend.tech, a social platform that converts friendship into rewards.

Is nofriend.tech a dark version of Friend.tech? It's a social platform that turns friendship into rewards.

The Variant partner once discussed in an article that the method to build a successful Web3 social network is to prioritize assets rather than ideology.

Overview

nofriend.tech is a platform dedicated to turning users’ social interactions into assets. nofriend.tech believes that there are no eternal friends or enemies, only eternal and permanent interests. On nofriend.tech’s X, it claims to be able to transform friendships into token rewards ($FT) and has a unique token distribution model that allows users to immediately receive tokens. Currently, 5% of the total supply of $FT will be airdropped directly to the wallet addresses of friend.tech users. Mining is also part of nofriend.tech, allowing users to stake tokens to earn $FT. In addition, users can also vote for their favorite KOLs and participate in collective decision-making in mining.

Project Analysis

In the previously popular friend.tech, as a social application that focuses on the core concept of the fan economy, the shares represent a digital representation of users’ influence. This innovative model makes the shares of popular users more valuable, thereby promoting communication and interaction among users and bringing new vitality to the current digital asset world. However, friend.tech also faces the dilemma of declining user activity and the tokens not being distributed instantly. What will be the future of the development of the base chain’s ecosystem?

• What are the legal risks of NFT digital collectibles playing lottery?
• The Wonderful Use of Tokens in the Web3 Gaming Sector Incentivizing Community Engagement and Enhancing Network Effects
• TaxDAO Writes to the U.S. Senate Finance Committee Addressing the 9 Key Issues of Digital Asset Taxation

Recently, a new project called nofriend.tech has quietly emerged. What is the relationship between nofriend.tech and friend.tech?

About nofriend.tech

nofriend.tech is a platform dedicated to turning users’ social networks into assets. nofriend.tech believes that there are no eternal allies or enemies, only eternal and permanent interests.

In many cases, our social attributes are defined. On the nofriend.tech platform, however, users’ social networks are seen as a valuable asset. This platform provides a unique mechanism where users’ social relationships can be instantly converted into economic value and incentive opportunities. It is no longer just about sharing moments and interacting with friends; users can now earn tangible rewards by participating in various activities and collaborations.

However, nofriend.tech also faces some challenges. One of them is ensuring the proper protection of users’ social data and privacy to prevent abuse and leakage. The platform needs to establish strict security measures and privacy protection mechanisms to safeguard users’ rights and trust.

Overall, nofriend.tech offers an innovative way for users to transform their social relationships into economic assets. This model incentivizes active participation in social activities and creates more opportunities and rewards for users. However, the platform also needs to continuously strive to protect users’ data and privacy to ensure its sustainable development and gain the trust of users.

Tokenomics

Token Allocation

Airdrop (nofriend.tech)	35%
Liquidity Mining	20%
Private Sale	15%
Team (Unlocked after one year)	10%
Liquidity Pool	10%
Advisors	5%
Airdrop (friend.tech)	5%

$FT is the token of the nofriend.tech ecosystem. $FT serves as an incentive mechanism to reward the community and will be used for special airdrops to friend.tech users and voting for favorite KOLs in the Farm. $FT has multiple use cases within the nofriend.tech ecosystem, including governance, airdrops, and incentive mechanisms. Users can ensure the continuous growth and vitality of nofriend.tech while using $FT. Additionally, 50% of the protocol fees from $FT will be used for buybacks and burns to maintain the value of $FT.

Features

• Real-time Token Distribution

Once users join nofriend.tech, they can directly receive exclusive $FT rewards. No waiting, no complicated procedures. This means users can participate immediately and start investing.

• Special Airdrops for FriendTech Users

nofriend.tech has launched special airdrops for friend.tech users. Friend.tech users will receive $FT airdrops directly in their wallets. By registering as a user of nofriend.tech, they can earn more rewards.

• Allocation and Buyback of $FT

$FT tokens play a crucial role in the nofriend.tech ecosystem, providing support for governance, rewards, and incentives. Additionally, a token burn mechanism will maintain the value of $FT tokens.

Summary

nofriend.tech is a unique platform that aims to transform users’ social networks into valuable assets. Its operation is based on the belief that in the realm of social relationships, there are no eternal allies or permanent enemies, and interests are the driving force behind these relationships. friend.tech claims that in order to ensure loyal users receive fair rewards during our testing period, users who switch to forks and replicas will automatically choose not to earn points anymore and give up existing points, but they can still use the application normally. This is not friendly to the openness and decentralization of the crypto spirit, which may change with the emergence of nofriend.tech.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!