Happycoin.club - The decentralized social network Friend.tech, with the participation of employees of the Conduit platform, plans to develop its own blockchain called Friendchain.

We are pleased to announce that we are collaborating with the folks at Conduit to create Friendchain, our blockchain that will use FRIEND tokens as gas [to pay transaction processing fees]. Over the coming months, we will keep you up to date with news about how work on the project is progressing,” representatives of Friend.tech said.

Traders took the news without enthusiasm. Over the past 24 hours, Friend.tech (FRIEND) coin trading volume has decreased by 49% to $2.9 million, and its rate has fallen by 1.1%. To be fair, it is worth noting that periodically there were sharp rises in the price of cryptocurrency by 58% or more. However, this has happened before, probably due to the low liquidity of the cryptocurrency of the same name issued by Friend.tech.