Friend.Tech’s social media app is not going to be shut down. It assures users that the changes in smart contract technology will not affect current functionality and fees.
Web3 social media platform Friend.Tech It has confirmed that its plans are not to shut down its web-based app. This follows concerns raised by recent updates to the smart contract system.
On Sept. 10, post On X, developers have confirmed that current app operations will not be affected by the new changes and that no additional fees will be introduced. BaseSmart contracts are based on.
Tech appeared The platform was effectively shut down on September 8, after developers handed over control of its smart contracts. Ethereum‘s null address, basically locking the system in place, preventing future updates to the platform.
Launched on August 20, 2023, Friend.Tech gained traction quickly by allowing its users to make purchases. “keys.” Holders of these cards have access to exclusive channels. Users can sell their shares or buy them from other platform participants after registering. “keys” The accounts that they’re interested in.
The platform was a hit from the start, as daily earnings exceeded Ethereum’s. Users could trade private feeds for keys, creating a new monetization opportunity for influencers.
The platform is struggling to keep up with the user base. Friend.Tech emphasized, despite the challenges, that the platform, while not introducing any new features due to contract changes, will still remain fully functional. This reassurance had a positive impact on the native token of the platform.FRIENDAfter the announcement, the price of the coin soared 60% to $0.097.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: crypto.news
