Friend.Tech’s social media app is not going to be shut down. It assures users that the changes in smart contracts won’t affect current functionality and fees.
Web3 social media platform Friend.Tech It has confirmed that its plans are not to shut down its web-based app. This follows concerns raised by recent updates to the smart contract system.
On Sept. 10, post On X, developers have stated that the existing app functionality will remain unchanged and that any changes to its structure will not affect current fees or operations. BaseSmart Contracts are built on a.
Tech appeared The platform was effectively shut down on September 8, after developers handed over control of its smart contracts. Ethereum‘s null address, basically locking the system in place, preventing future updates to the platform.
Launched on August 20, 2023, Friend.Tech gained traction quickly by allowing customers to buy “keys.” Holders of these cards have access to exclusive channels. After registration, users of the platform can begin selling or purchasing shares from other participants. “keys” The accounts that they’re interested in.
Early on the platform saw a huge surge of user activity, and daily earnings were even higher than Ethereum at some points. Users could trade private feed access keys, creating a new monetization opportunity for influencers.
The platform struggles to maintain its momentum. Friend.Tech emphasized, despite the challenges, that the platform, while not introducing any new features due to contract changes, will still remain fully functional. This reassurance had a positive impact on the native token of the platform.FRIENDFollowing the release, the value of the stock grew by 60% to reach $0.097.
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Source: crypto.news