{"id":165527,"date":"2024-05-02T13:25:51","date_gmt":"2024-05-02T13:25:51","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165527"},"modified":"2024-05-02T13:25:55","modified_gmt":"2024-05-02T13:25:55","slug":"controversy-surrounds-friend-tech-v2-launch-and-airdrop-smart-contract-leak-reveals-non-transferable-token-plans","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/controversy-surrounds-friend-tech-v2-launch-and-airdrop-smart-contract-leak-reveals-non-transferable-token-plans\/","title":{"rendered":"Controversy Surrounds Friend.tech V2 Launch and Airdrop: Smart Contract Leak Reveals Non-Transferable Token Plans"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">Friend.tech is preparing to launch its second version, which <strong>will include an airdrop scheduled for May 3<\/strong>.<\/li>\n<li style=\"text-align: justify\">According to reports from CBBOFE, the smart contracts of Friend.tech v2 <strong>could introduce a non-transferable token called POINTS. <\/strong><\/li>\n<li style=\"text-align: justify\">The introduction of the non-transferable token has generated a mixed response in the community, with <strong>concerns about limitations for users.<\/strong> Others argue it will be beneficial in the long run.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong>The decentralized social media platform <a href=\"https:\/\/www.friend.tech\/\" target=\"_blank\" rel=\"noopener\">Friend.tech<\/a> is preparing to launch its second version, which will include an <a href=\"https:\/\/crypto-economy.com\/what-is-a-cryptocurrency-airdrop\/\" target=\"_blank\" rel=\"noopener\">airdrop<\/a> scheduled for May 3.<\/strong> However, recent <strong>smart contract leaks<\/strong> have revealed controversial features that could impact the event&#8217;s operation.<!--more--><\/p>\n<p style=\"text-align: justify\">According to reports from a DeFi researcher known as CBBOFE, it has been discovered that the <a href=\"https:\/\/crypto-economy.com\/smart-contracts\/\" target=\"_blank\" rel=\"noopener\"><strong>smart contracts<\/strong><\/a> of Friend.tech v2 <strong>could introduce a non-transferable token called POINTS<\/strong>. This token, according to leaked information, <strong>will not be transferable or exchangeable except to certain specific addresses within the protocol.<\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Might have found <a href=\"https:\/\/twitter.com\/friendtech?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@friendtech<\/a> v2 smart-contracts (could be pure psyops from FT team), quick summary:<\/p>\n<p>&#8211; Ticker is <a href=\"https:\/\/twitter.com\/search?q=%24POINT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$POINT<\/a>, not transferable unless to some whitelisted addresses. <a href=\"https:\/\/twitter.com\/search?q=%24POINT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$POINT<\/a> will be tradable on BunnySwap (FT native DEX).<\/p>\n<p>&#8211; New smart-contract called Clubs. Anyone can\u2026<\/p>\n<p>&mdash; CBB0FE (@Cbb0fe) <a href=\"https:\/\/twitter.com\/Cbb0fe\/status\/1785927823909179858?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 2, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\">The alleged introduction of a non-transferable token has generated a mixed response in the community. <strong>Some are concerned about the limitations this imposes on users<\/strong>, while others have pointed out that it could have ironic implications for the social network. In particular, <strong>making the token non-transferable could force users to pay a 1.5% fee on the Friend.tech platform<\/strong>, contradicting its image as an anti-capitalist alternative.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-70254\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2023\/10\/friend.tech-jpg.webp\" alt=\"friend.tech\" width=\"825\" height=\"300\" \/><\/p>\n<h2>Is Friend.tech Moving Away from its Essence?<\/h2>\n<p style=\"text-align: justify\">The POINTS token, in addition to its non-transferable nature,<strong> will function as a utility token<\/strong> on the platform. It will be used to enable <strong>the creation of social clubs<\/strong> within Friend.tech, but <strong>each transaction related to these clubs will be subject to a 1.5% fee.<\/strong><\/p>\n<p style=\"text-align: justify\">This decision would represent a significant change in the platform&#8217;s dynamics. Many believe it <strong>could negatively affect user participation and the overall perception of the platform<\/strong> as a decentralized and democratic social space.<\/p>\n<p style=\"text-align: justify\">On the other hand, proponents of the measure suggest<strong> that non-transferable tokens could reduce initial selling pressure after the airdrop<\/strong>, potentially benefiting their long-term value.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Friend.tech is preparing to launch its second version, which will include an airdrop scheduled for May 3. According to reports from CBBOFE, the smart contracts of Friend.tech v2 could introduce a non-transferable token called POINTS. The introduction of the non-transferable token has generated a mixed response in the community, with concerns about limitations for &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Controversy Surrounds Friend.tech V2 Launch and Airdrop: Smart Contract Leak Reveals Non-Transferable Token Plans\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/controversy-surrounds-friend-tech-v2-launch-and-airdrop-smart-contract-leak-reveals-non-transferable-token-plans\/#more-165527\" aria-label=\"More on Controversy Surrounds Friend.tech V2 Launch and Airdrop: Smart Contract Leak Reveals Non-Transferable Token Plans\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":165529,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111,84,74],"tags":[4583,5287,9771],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165527"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=165527"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165527\/revisions"}],"predecessor-version":[{"id":165530,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165527\/revisions\/165530"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/165529"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=165527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=165527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=165527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}