Friendtech, which has taken the crypto world by storm, has been flooded with reactions and warnings from critics.
Decentralized social tokenization platform Friendtech is currently on the agenda. Friendech, the Coinbase layer-2 network, has attracted attention, surpassing BTC and Uniswap in terms of network revenues. The platform has reached more than 60,000 users, earning over $1.2 million in revenue in a very short time. However, the critics who evaluated this trend gave a period of 6-8 weeks for the continuation of the system.
Let me tell you one thing.
Something isn’t right about @friendtech.
🚩 Creators making money from a group chat that doesn’t even work when you can’t even reply directly to people?
🚩 The way pricing works is ridiculous and can be easily taken advantage of.
🚩 Pumps and dumps. pic.twitter.com/TJqcktEM6P
— Yazan (@YazanXBT) August 20, 2023
“FriendTech trend may be short lived”
A user named Yazan, who stands out with his shares on the crypto money market, stated his opinion on the Friendtech craze and touched on the period of 6-8 weeks. Expressing that the shares and other assets related to the platform have increased very rapidly, the popular name stated that the system has a bad market mechanics. Expressing that this fury at Friendtech may last for 6-8 weeks, the phenomenon continues its warning social media posts.
A simple explanation of how @friendtech share pricing works (and other fun facts about friend tech's contract) 🧵: pic.twitter.com/wkZDuprVaY
— cygaar (@0xCygaar) August 19, 2023
Another phenomenon, Cygaar, made a data analysis of Friendtech. Comparing stock prices and supply, Cygaar said there was an imbalance. Emphasizing that we are in a bear market, the popular name also stated that the platform is seen as an opportunity for profit for now, and that it will lose its excitement in a very short time.
