Friend.tech is taking the crypto world by storm. This innovative platform lets you tokenize your social connections and sell “shares” of yourself to followers. It’s like an OnlyFans for Crypto Twitter.
What you'll learn 👉
How Friend.tech Works
Friend.tech runs on Base, Coinbase’s layer 2 network. To use it, you’ll need a Web3 wallet like MetaMask. The app is invite-only beta right now, so you’ll need a code from an influencer.
Once you’re in, here’s how it works:
- First, you’ll need a Web3 wallet like MetaMask or Coinbase Wallet. Be sure to add the Base network to start.
- Next, use a trusted bridge to transfer ETH from your main network to your Base address.
- With ETH funds on Base, head to Friend.tech and save the site to your home screen. This creates a handy mobile app-like experience.
- Finally, complete your account setup and deposit ETH from your Base wallet to your unique Friend.tech address.
- Once your deposit processes, you’ll have full access to trade social shares and connect with your favorite influencers!
Influencers are flocking to Friend.tech as the next evolution of social clout. With real economic value attached to profiles, it gamifies and monetizes engagement.
How to Make Money on Friend.tech
There are two main ways to earn money on Friend.tech:
- Receive fees when others buy or sell your shares – possible only for influencers with large following.
- Invest in big accounts by buying shares low and early and selling them higher.
Useful tools for this are sniping bots like:
For each transaction, there are two fees:
- 5% goes to Friend.tech’s treasury
- 5% is collected by the account holder
The more holders you have, the more your shares are worth. More holders means more volume and fees. Top accounts can make over 1 ETH per day!
The best tactic to maximize earnings on Friend.tech is to find a bot that will notify you immediately when new accounts join the platform. This allows you to buy shares in these new accounts right away, before others snap them up. As the first shareholder, you’ll be entitled to the largest portion of fees as the account starts gaining traction.
Even owning just 1% of shares in a popular new account could translate to a steady stream of passive income from fees. So be on the lookout for new arrivals, and invest early to get the highest return on your capital. With the right alerts, you can get in on the ground floor with emerging accounts and earn substantial fees over time as they grow their follower base.
Explosive Growth and Volume
The numbers speak for themselves. Friend.tech already has:
- 45,463 unique traders
- 9,528 ETH in buy volume
- 6,201 ETH in sell volume
- 15,729 ETH total volume (~$41 million)
It’s easily the top new Web3 social app, dominating newcomers like Lens Protocol. Centralized platforms can’t compete with its crypto-native design.
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With backing from Paradigm and 0xRacer’s expertise, Friend.tech offers a safe and innovative social experience. The recent airdrop kicked off a six-month beta rewards program, hinting at future governance.
Friend.tech is changing how we see social media. The ability to trade access and profiles creates a new crypto-powered social economy. It’s the platform to watch as Web3 reinventing social engagement.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com