The FRIEND token has just fallen 40%, causing concern in the crypto world. Here’s what’s happening:

• The Friend.tech team has given up control of its smart contracts, which might mean changes in how the project is run or a lack of faith in its future.
• The team mentioned stagnant growth as the reason for the move, making investors unsure about the project’s direction.
• Investor Machi Big Brother saw his $16.7M investment in FRIEND tokens drop to just $659,895, showing a 98% decline from its peak.

Will FRIEND recover from this sharp decline? The crypto community is watching closely.

#FRIEND #Crypto #FriendTech #Investment #CPI_BTC_Watch

FriendTech is doing really well in the world of decentralized apps (Dapps). They're the second highest in terms of weekly earnings, making about $7.2 million every week! Their total value locked ( TVL ) is also impressive, standing at approximately $30 million.

What's even more interesting is that around 70% of the big crypto Twitter (CT) accounts are a part of #FriendTech .

FriendTech has been pretty active on #BuildOnBase , accounting for 20% of all the gas used in the last month. This means they're actively involved in blockchain transactions and activities.

If you're a content creator, you'd probably prefer FriendTech over platform #X because you can make a lot more money here.

Right now, FriendTech boasts over 146,000 account owners. And it seems like people who use FriendTech tend to stick around because about 70% of them keep coming back.

Since they started, FriendTech has seen over $144 million worth of their keys traded. These keys must be pretty valuable! $ETH $ARB

What's exciting is that the number of people actively using Base is becoming as high as those on #OP Mainnet. It seems like more and more people are getting into it.

Lastly, when more people hold FriendTech keys, their price goes up a lot. This makes people want to have smaller, more private chats, and it gives those who own keys a better experience. 📈🔑📊📣 #FT

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Friendtech has introduced 2FA (Two-Factor Authentication) password protection to bolster platform security. This added layer of security helps prevent unauthorized access, even in cases where cell carriers or email services are compromised. The decision to implement this feature stems from user reports of SIM swapping attacks and asset theft on the platform.

 
Friendtech has taken a significant step to prioritize user security by introducing a new security feature called two-factor authentication (2FA) for passwords. This added layer of security is designed to ensure that even if a user’s cell phone carrier or email service is compromised, their Friendtech accounts remain highly secure.
This decision was prompted by a rising number of user reports about unauthorized access, primarily due to a type of attack called SIM swapping. In SIM swapping attacks, hackers take control of users’ phone numbers to bypass security measures. These incidents have raised concerns in the digital world, as they can lead to the illegal theft of users’ digital assets. Friendtech’s move aims to address these security challenges.

Friendtech has introduced 2FA to provide users with an extra layer of protection. What’s interesting is that neither Friendtech’s internal team nor their partners at Privy can reset these 2FA passwords. This means that users have complete control over their account protection, giving them peace of mind.
Friendtech’s proactive approach to user security highlights its dedication to keeping its community safe. This serves as an important reminder for users everywhere to activate similar protective measures and stay alert to potential security risks.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#Blockchain #CryptoMarket #Bitcoin #CryptoNews #FriendTech