Any thoughts on Friend(dot)tech circulating now on Twitter?

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Quote from: fillippone on October 10, 2023, 05:35:37 PM

Quote from: nelson4lov on October 10, 2023, 04:59:17 PM

As expected. It sounded too good to be when it was first launch so it's probably over-milked at this point. My biggest issue with the platform has been the fact that prices of keys are heavily maniputed and the MEV-like bots that sweeps keys is a big no no.

I am still experimenting with other SoFi apps and just landed on Cipher.
There it seems there aren't any MEV and the trading activity is more ~~balanced~~ dopamine-driven.
Not a good experience thou, as at the moment the app isn't functioning properly as I cannot "tweet".

Not sure if it's the same but I've heard about a cipher soFi that uses the concept of cores. Anyway, this is something I don't really like with web3 builders and founders. Everybody just waits till one project makes a breakthrough in a niche trend then everybody tries to reinvent the wheels on different chains in a bid to scoop out liquidity on that chain.

Happened with NFTs, Metaverse, Lending protocols and now SoFi with FriendTech, Star arena and now Cipher. Never gets old.

cryptoaddictchie

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Quote from: fillippone on October 10, 2023, 01:18:40 AM

It's a bot land over there at the moment.
You either get devoured by BOT, who buy your shares as you join and then dump you as soon your key get bought by yourself of a friend, or either there are some group like (3,3) where you can pump and dump (again..) some "heavy" keys, with older users benefitting the most.

Thats true. I didnt knew you were into experimenting on these kind of project too. So far my record is on loss due to a lot of pump and dump users. Well cant really blame them as soon they saw their favorite CT being pumped and eat those gains. Though they can earn fees if continously been trading by users.

fillippone

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Quote from: nelson4lov on October 10, 2023, 04:59:17 PM

As expected. It sounded too good to be when it was first launch so it's probably over-milked at this point. My biggest issue with the platform has been the fact that prices of keys are heavily maniputed and the MEV-like bots that sweeps keys is a big no no.

I am still experimenting with other SoFi apps and just landed on Cipher.
There it seems there aren't any MEV and the trading activity is more ~~balanced~~ dopamine-driven.
Not a good experience thou, as at the moment the app isn't functioning properly as I cannot "tweet".

nelson4lov

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Despite popularity of Friend tech, I'm yet to see beyond the hype. No clarity about what it's unique selling points are. It was all the rage simply because they created a bottleneck and hype out of the sheer fact that only the top influencers were onboarded then and the FT team got them to shill it via the fact that participation was/still is invite ONLY.

Quote from: fillippone on October 10, 2023, 01:18:40 AM

It's a bot land over there at the moment.
You either get devoured by BOT, who buy your shares as you join and then dump you as soon your key get bought by yourself of a friend, or either there are some group like (3,3) where you can pump and dump (again..) some "heavy" keys, with older users benefitting the most.
I have seen many of these in the FIAT world to be amused again ina decentralised way.

As expected. It sounded too good to be when it was first launch so it's probably over-milked at this point. My biggest issue with the platform has been the fact that prices of keys are heavily maniputed and the MEV-like bots that sweeps keys is a big no no.

fillippone

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It's a bot land over there at the moment.
You either get devoured by BOT, who buy your shares as you join and then dump you as soon your key get bought by yourself of a friend, or either there are some group like (3,3) where you can pump and dump (again..) some "heavy" keys, with older users benefitting the most.
I have seen many of these in the FIAT world to be amused again ina decentralised way.

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Quote from: cryptoaddictchie on August 20, 2023, 09:51:27 PM

As far as the title goes, surely some of you have noticed this trend about the social thing on friend tech. Lots of influencers have gaining extra money and eth upon creation of their profile which were bought by other people and collecting massive fees on trading and the value it gives them. Ive tried it out to see how it goes and it really favors CT and influencers that are famous. What are your thoughts on this? Ive seen some doing a quick buck trading as well. Its like a systematic nft trading but with the use of profile as commodity.

Not sure the trend will stay strong as some are just making money when the price rise up already and sold. Wanted to know anyones opinions. Or does anyone also try it already? They have a point system which updated every friday but not sure what this for, could be an airdrop thing.

Well just as you said, I also don't think the trend will stay strong. In my opinion, its gained this much attention because really there is nothing of that much interest happening in crypto right now. I only first heard about it while discussing Bitget's new bot trading options with a friend, and my immediate response was dat friendtech will go to dust soon. We've already seen a clone of it get phished of around $3m. It can only go downhill from here.

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I admit indulging in this social experiment.
You must know what everyone talks about.

Look out for my key over there! And quite active on chat, if you do care about it.

mich

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Well I think we need to be very careful if we choose to use it. There is reports of a 'inside job' and now the scammer has stole 234 ETH which is $385k from 4 different accounts in just 24 hours.

It was done by a 'sim swap' and the scammer got access to his victims phones. https://www.cryptopolitan.com/friendtech-users-sim-swap-attack/

cryptoaddictchie

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Hey guys it seems the friend tech got some movement and invite more tractions. Ive got some codes available for users who are still havent downloaded the app.

Friendtech available codes first come first serve. Will add more codes once there are available. Goodluck guys.

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cryptoaddictchie

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Quote from: dbshck on September 09, 2023, 11:08:05 AM

Now that we already have several point airdrop events, people are starting to figure out the factors contributing to points earning. Some folks on CT say these factors include portfolio value, trading activity, and referrals. Is anyone here still actively using it?

I still have some bought CTs share and continously sharing my referrals too. Maybe the points will contribute to airdrop related later but Im not sure how will be the rewards if worth it or not. Hope its kinda have some juicy value. Irs hard to pick which CTs to focus on sime are being played by bots and its quite irritating.

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It seems friend.tech is picking up steam again. TVL reached another ATH and platform fee has been rising in the last few days after trending down consistently in the last week of August. This might not be a temporary hype as I thought it was.

Now that we already have several point airdrop events, people are starting to figure out the factors contributing to points earning. Some folks on CT say these factors include portfolio value, trading activity, and referrals. Is anyone here still actively using it?

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Quote from: siedemtrzy on August 23, 2023, 02:55:13 AM

Yeah, I don't trust it too. Influencers on Twitter are trying to promote it too aggressively, but trying to look like they are not promoting it. It's always something that you shouldn't trust.

You think we trust that also? We dont too. As this platform is relarively new and not yet proven to be a long term project yet. We just riding with the hype and possible money profits with the system. Its not like we are gonna invest a lot in here. Its a protocol to put only money you can afford to lose especially for a project that arent sure to last for long time.

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Quote from: @sriyan on August 22, 2023, 10:36:55 PM

Quote from: cryptoaddictchie on August 20, 2023, 09:51:27 PM

As far as the title goes, surely some of you have noticed this trend about the social thing on friend tech. Lots of influencers have gaining extra money and eth upon creation of their profile which were bought by other people and collecting massive fees on trading and the value it gives them. Ive tried it out to see how it goes and it really favors CT and influencers that are famous. What are your thoughts on this? Ive seen some doing a quick buck trading as well. Its like a systematic nft trading but with the use of profile as commodity.

Not sure the trend will stay strong as some are just making money when the price rise up already and sold. Wanted to know anyones opinions. Or does anyone also try it already? They have a point system which updated every friday but not sure what this for, could be an airdrop thing.

I think friend tech is a Ponzi-type scam. Don't import the main wallet. Just create a new wallet and send little funds to it. Because there is a possibility of getting scammed by friend tech. This is my idea. Also if you are referring someone, you will get points.

Yeah, I don't trust it too. Influencers on Twitter are trying to promote it too aggressively, but trying to look like they are not promoting it. It's always something that you shouldn't trust.

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Quote from: cheezcarls on August 22, 2023, 07:22:02 AM

In my honest opinion, I think this trend won’t last long. Maybe giving it at least a couple of months or less in my own perspective and insight.

Yes we also expected that. Trend always change at crypto so we should always be at alert cause we can feel if the hype is over. But I think until the airdrop points discuss by the team and reach the concluded possible drop thats where it end. In just mu opinion only.

Quote from: @sriyan on August 22, 2023, 10:36:55 PM

I think friend tech is a Ponzi-type scam. Don't import the main wallet. Just create a new wallet and send little funds to it. Because there is a possibility of getting scammed by friend tech. This is my idea. Also if you are referring someone, you will get points.

Yes obviously its system is a ponzi scheme but if you try it out youll see the whole process as convenient and not a bad idea. You think CTs would do a vulgar ponzi if they dont like what they earned. Keeping safe is to only send funds you willing to play and withdraw once you earn.

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Quote from: cryptoaddictchie on August 20, 2023, 09:51:27 PM

As far as the title goes, surely some of you have noticed this trend about the social thing on friend tech. Lots of influencers have gaining extra money and eth upon creation of their profile which were bought by other people and collecting massive fees on trading and the value it gives them. Ive tried it out to see how it goes and it really favors CT and influencers that are famous. What are your thoughts on this? Ive seen some doing a quick buck trading as well. Its like a systematic nft trading but with the use of profile as commodity.

Not sure the trend will stay strong as some are just making money when the price rise up already and sold. Wanted to know anyones opinions. Or does anyone also try it already? They have a point system which updated every friday but not sure what this for, could be an airdrop thing.

I think friend tech is a Ponzi-type scam. Don't import the main wallet. Just create a new wallet and send little funds to it. Because there is a possibility of getting scammed by friend tech. This is my idea. Also if you are referring someone, you will get points.

cheezcarls

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As of now I am still very hesitant in joining the Friend Tech train because of the major issue being circulated yesterday.

Source: https://watcher.guru/news/friend-tech-database-leak-exposes-wallet-addresses-of-101000-users

However, there’s another clarification here from Friend Tech themselves:

Source: https://cointelegraph.com/news/friendtech-denies-report-leaked-user-data

So these Twitter (X.com) threadoors are defending Friend Tech that it is still safe by just simply revoking access after authorizing our respective accounts.

In my honest opinion, I think this trend won’t last long. Maybe giving it at least a couple of months or less in my own perspective and insight.

cryptoaddictchie

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Quote from: dbshck on August 21, 2023, 09:18:31 AM

Ya, this is mostly for influencers and bots. My profile shares were instantly bought by bots the moment I registered. I can see why they're botting it though, buying some influencers' shares early and cheap is guaranteed profit.

Yes me too like what the hell I thought I have a fan already but buying 3shares of mine it was already and hoping for a quick bucks. They likely to succeed as long as they got some funds spare to try out every new created account that pass their radar.

Quote from: dbshck on August 21, 2023, 09:18:31 AM

Guess we need to find some hidden gems among CT profiles Cheesy

Have tou followed this account? I think he is updating the newly created account. https://twitter.com/friendtech_live?t=-_B8szyFsL-hj8-j5LAO4w&s=09

He got also telegram channel for update the new accounts. Hope might help if you are farming new CTs

bussybuddy

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I've also used it and honestly I know it's getting a lot of attention, there's also some issue of user information disclosure but it seems to have been mentioned on the project's twitter.
It's a bit confusing because of the simulation of people spreading it, I just find it a bit like a ponzi method to entice participants, but of course friendtech is showing they have a point in this social space. Although it is unlikely that there will be any strong developments coming from the BASE ecosystem and this project, but I think this is probably also a very attractive project.

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People are overreacting on a small cap thing again, nothing more. You can be as much hyped about it as you want but the end result will not change, this is a low level cap thing and it will not change anytime soon at all. I feel like it is going to matter in the end, but before it could matter we need to realize that it is going to be a bit tough, and we need to find something different about it.

This is why I believe that we need to make sure that everything stays quite similar to each other and not really change all that much. Hopefully it is going to be fine and we will not see anything bigger like people losing tens of millions of dollars into these things, it could be a lot worse if we had that and I would suggest otherwise.

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Quote from: cryptoaddictchie on August 20, 2023, 09:51:27 PM

Not sure the trend will stay strong as some are just making money when the price rise up already and sold. Wanted to know anyones opinions. Or does anyone also try it already? They have a point system which updated every friday but not sure what this for, could be an airdrop thing.

As long as there's that point system that's being promised to have some sort of use case on the system and the rumor about an airdrop, I think it will continue. The points they will share will range for 6 months and there's rumor as well that they have partnered with VC firm Paradigm and don't know the exact number but it was around $50M. This is just a thing I saw on Twitter.

Topic: Any thoughts on Friend(dot)tech circulating now on Twitter? (Read 268 times)