Tuesday, August 12, 2025
Social icon element need JNews Essential plugin to be activated.
No Result
View All Result
Crypto now 24
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS
No Result
View All Result
Crypto now 24
No Result
View All Result

DeSo Platform, Friends.tech Earns Close to $1.5 Million Transaction Fees in Just 24 Hours; Beats Uniswap & Bitcoin

August 22, 2023
in Bitcoin
Reading Time: 4 mins read
A A
0

[ad_1]

Be a part of Our Telegram channel to remain updated on breaking information protection

Within the swiftly evolving world of decentralized platforms, Good friend.tech has emerged as a contemporary title, grabbing the eye of crypto fanatics and analysts alike. A decentralized social community or DeSo earned near $1.5 million in transaction charges in simply over 24 hours on twentieth August, overshadowing stalwarts of the crypto ecosystem like Uniswap and Bitcoin.  

$1.5 million in transaction fees in just over 24 hours

About Good friend.tech

Launched in its preliminary beta part on August eleventh, Good friend.tech grants its customers a novel alternative: the flexibility to tokenize their social connections. The idea includes shopping for and promoting “shares” of their social community contacts. Upon buying one other individual’s share, people can provoke personal conversations with them. For each transaction facilitated on its platform, Good friend.tech imposes a 5% charge, a portion of which interprets to revenue for the proprietor of the respective shares.

Good friend.tech is constructed upon Coinbase’s superior layer-2 Base. Latest knowledge from DefiLlama paints a formidable image of the platform’s traction in its nascent stage. Within the final 24 hours, it has recorded a formidable $1.4 million in charges, and since its inception, the gathered charges have surpassed $4 million. Good friend.tech has additionally amassed an general income of $2.1 million whereas penning this. Moreover, the platform has witnessed a flurry of exercise, clocking in over 795,000 transactions and attracting the participation of over 70,000 distinct merchants.

Brains Behind Good friend.tech

The enigmatic developer pseudonymously often called “Racer” is believed to be the mental pressure behind this venture. A senior software program engineer at Coinbase has make clear Racer’s earlier ventures, which embody pioneering social media networks like TweetDAO and Stealcam. 

Intriguingly, each these platforms additionally revolve round using nonfungible tokens (NFTs). Nonetheless, Good friend.tech seems to have a imaginative and prescient of partaking crypto influencers with expansive follower bases, thus enabling them to reap the advantages from buying and selling charges. Moreover, the platform goals to function a one-stop answer for Web3 tasks that wish to strengthen their associations with enterprise capitalists and influential figures within the crypto area.

Pouring Opinions on Good friend.tech

The meteoric rise and promising trajectory of Good friend.tech has not gone unnoticed. Pundits and decentralized finance researchers, together with a notable determine recognized pseudonymously as Ignas, have begun dissecting the platform’s income mannequin. Ignas thinks that the first income supply for Good friend.tech at present hinges solely on buying and selling charges, with no obvious advantages arising from an elevated shareholder rely. He additional hypothesized that personalities who court docket controversy would possibly discover themselves capable of earn extra, and spreading FUD, i.e. (concern, uncertainty, and doubt) would possibly turn out to be a strategic maneuver to amplify charge earnings.

Lux Moreau, founding father of Speak. Markets additionally had his say on the platform’s working mannequin, suggesting how the rise in share costs might result in smaller alt-group formation inside the Good friend.tech ecosystem. 

1/6 Interested by @friendtech’s share pricing mannequin?

Here is the inside track: Charges? 5% flat for the protocol, the purchase/promote unfold is the proprietor’s revenue.

However here is the place it will get fascinating: As excellent shares develop, the pricing skyrockets exponentially. 🚀

— Lux Moreau ✨ (@MentionLux) August 12, 2023

For these eager on exploring Good friend.tech, it’s important to notice that the platform remains to be in its beta part. Entry is considerably unique, necessitating an invitation code for sign-up. Furthermore, a prerequisite steadiness of a minimal of 0.1 ETH is necessary to navigate and interact with the platform’s functionalities.

Contemplating its distinctive method to social networking mixed with the profitable prospects it extends to its person base, Good friend. tech undoubtedly guarantees to be an thrilling avenue for crypto fanatics. It stays to be seen if the platform can preserve its momentum and emerge as a premier DeSo community.

Associated

Wall Avenue Memes – Subsequent Large Crypto

Wall Street Memes

Early Entry Presale Dwell Now
Established Group of Shares & Crypto Merchants
Featured on BeInCrypto, Bitcoinist, Yahoo Finance
Rated Finest Crypto to Purchase Now In Meme Coin Sector
Group Behind OpenSea NFT Assortment – Wall St Bulls
Tweets Replied to by Elon Musk

Wall Street Memes

Be a part of Our Telegram channel to remain updated on breaking information protection

[ad_2]

Source link

Tags: BeatsBitcoincloseDeSoEarnsFeesFriends.techHoursMillionPlatformTransactionUniswap
Previous Post

Best Crypto to Buy Now August 21 – Litecoin, TRON, Monero

Next Post

Ripple Price Prediction: XRP Jumps 3%

Next Post
Ripple Price Prediction: XRP Jumps 3%

Ripple Price Prediction: XRP Jumps 3%

Genesis Opens a New Bitcoin Mining Facility in Sweden!

Genesis Opens a New Bitcoin Mining Facility in Sweden!

Inery Price Prediction as INR Dumps 9%

Inery Price Prediction as INR Dumps 9%

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Social icon element need JNews Essential plugin to be activated.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • REGULATIONS
  • SCAMS
  • ANALYSIS
  • VIDEOS

Copyright © 2023 Crypto Now 24.
Crypto Now 24 is not responsible for the content of external sites.

s