According to BlockBeats, Friend.Tech has announced that its token, FRIEND, is intended to be fully controlled by the community and used to support Clubs contracts. The company stated that the migration of supply and liquidity did not align with this original intention. Users can still create clubs, chat, purchase keys, and use FRIEND in the Base of the Friend.Tech application.
In addition, Friend.Tech has eliminated all protocol fees for BunnySwap, Clubs, and v1 smart contracts. Now, 100% of the fees will be attributed to traders, liquidity providers, and club chairpersons within the community. This move is seen as a significant step towards decentralization and community control, reflecting the company's commitment to its users and the broader community.