New platforms and opportunities for financial gains are emerging daily. One such platform that has recently caught the attention of crypto enthusiasts is Friendtech. This article delves into the experience of a crypto enthusiast who managed to make 4 ETH in less than 24 hours on Friendtech.
Friendtech is a unique platform that allows users to trade “shares” of social media profiles, essentially turning social media influence into a tradable asset. The platform has garnered significant attention, especially after partnering with Paradigm, a venture capital firm that led Friendtech’s Series A funding round at a valuation of $50 million.
The crypto enthusiast, who also happens to be a content creator with a large Twitter following, had a head start compared to the average user. Upon joining Friendtech, the individual instantly attracted buyers for their “stock,” thanks to their social media presence. The platform allows creators to earn 5% of the transaction fees generated from the buying and selling of their profile shares.
For the record, we are talking about Crypto analyst and DeFi addict Mark Deutscher who has more than 350,000 followers on Twitter.
Within 24 hours, the enthusiast had earned 3.8 ETH worth of trading fees and had a portfolio value of 0.91 ETH, totaling nearly 4 ETH. This was achieved with an initial deposit of just $100.
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Show more +Friendtech has also announced an airdrop system, offering 100 million points for beta testers over the next six months. These points are speculated to convert into salable tokens in the future, adding another layer of financial incentive for users.
While the platform offers lucrative opportunities, it’s essential to be cautious. The enthusiast advises only using money that one can afford to lose, given the speculative nature of the platform and the fees involved in trading.
The rapid success of Friendtech indicates a growing demand for Social Finance (SoFi) platforms. It also provides hope for budding developers and projects aiming to penetrate the market quickly with the right product-market fit.
Conclusion
Friendtech has proven to be a game-changer in the crypto space, offering unique opportunities for financial gains. Whether you’re a content creator with a large following or an average user looking to speculate on social media influence, Friendtech provides a new avenue for crypto enthusiasts to explore.
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