Sunday, July 27, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Friend.tech Token Crashes as Co-Founder Hints Exit from Base

by SB Crypto Guru News
May 27, 2024
in Crypto Updates
Reading Time: 3 mins read
0 0
A A
0


The value of the FRIEND token, native to the decentralized social network Friend.tech, has seen a major drop.

The downturn followed comments from Racer, the protocol’s co-founder, who suggested moving the project away from Base, the Ethereum Layer-2 network created by Coinbase. 

Racer offered $200K for anyone who could find an effective way to move Friend.tech off the Base network without significant user disruption.

4 Ways to Turn Fiat to Crypto VS Crypto to Fiat (Easily Explained)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe – We publish new crypto explainer videos every week!

Racer noted that misunderstandings by Farcaster investors at Friend.tech’s launch led to tension with the Base community. This situation caused the team to feel isolated and disconnected from parts of the Base and Ethereum ecosystems.

Racer’s comments led to a nearly 30% drop in the value of the FRIEND token.

Jesse Pollak, the creator of Base, acknowledged these issues and expressed his support for Friend.tech’s decisions.

Despite this setback, Friend.tech, launched on August 10, 2023, remains one of the leading decentralized applications (dApps) on the Base network. The platform’s model, which converts user influence into tradable tokens known as “keys,” has drawn interest from crypto influencers, NBA players, and esports personalities.

However, the platform has previously faced challenges, including privacy concerns about potential user doxxing due to the link between Twitter profiles and Ethereum addresses. Friend.tech has responded by clarifying that the alleged leaked information was accessible via their public API.

Overall, the drop in the value of the FRIEND token highlights Friend.tech’s tensions with the Base community, despite the platform’s continued popularity and unique model.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.




Source link

Tags: BaseBitcoin NewsCofounderCrashesCrypto NewsCrypto UpdatesExitFriend.techhintsLatest News on CryptoSB Crypto Guru NewsToken
Previous Post

Best NFT Games to Play in 2024

Next Post

Pepe Price Soars 13% To New ATH Amid Ethereum Meme Coins Boom As This Red Hot Dog-Themed Crypto Offers The Last Chance To Buy

Related Posts

Blackrock’s ETH Architect Joins Sharplink to Lead Ethereum Treasury Revolution

Blackrock’s ETH Architect Joins Sharplink to Lead Ethereum Treasury Revolution

by SB Crypto Guru News
July 26, 2025
0

Sharplink just landed Blackrock’s top crypto strategist, igniting a bold ethereum push with aggressive staking, institutional-grade execution, and a treasury...

Nigeria Confirms Readiness For Stablecoin Operations

Nigeria Confirms Readiness For Stablecoin Operations

by SB Crypto Guru News
July 26, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Nigerian Securities and Exchange Commission (SEC)...

Galaxy Digital Offloads  Billion in Bitcoin Without Triggering a Crash

Galaxy Digital Offloads $9 Billion in Bitcoin Without Triggering a Crash

by SB Crypto Guru News
July 26, 2025
0

Key Takeaways:Galaxy Digital has executed one of the largest Bitcoin transactions in history, selling over 80,000 BTC worth $9 billion.The...

Citi’s Bullish Bitcoin Outlook: 5,000 by 2025’s End

Citi’s Bullish Bitcoin Outlook: $135,000 by 2025’s End

by SB Crypto Guru News
July 26, 2025
0

Citigroup projects bitcoin could reach $135,000 by the end of 2025 in its base-case scenario, driven by strong demand from...

Ethereum Validator Exit Queue Explodes To 521,000 ETH ATH, What This Means

Ethereum Validator Exit Queue Explodes To 521,000 ETH ATH, What This Means

by SB Crypto Guru News
July 26, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum staking validator Everstake has announced that...

Load More
Next Post
Pepe Price Soars 13% To New ATH Amid Ethereum Meme Coins Boom As This Red Hot Dog-Themed Crypto Offers The Last Chance To Buy

Pepe Price Soars 13% To New ATH Amid Ethereum Meme Coins Boom As This Red Hot Dog-Themed Crypto Offers The Last Chance To Buy

This Week In Crypto: Top 4 Coins And Events You Can’t Miss

This Week In Crypto: Top 4 Coins And Events You Can’t Miss

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.