1 year ago
Friend.tech warned users who take to leap vessel to “forks and copies” volition spot their existing points forfeited.
Crypto’s newest decentralized societal media (DeSo) app friend.tech has been met with aggravated disapproval implicit a determination to punish users who opt successful to forks oregon copycat versions of its tokenized societal media platform.
“To marque definite loyal users are rewarded reasonably during our beta, users moving to forks and copies volition automatically opt retired of earning Points and forfeit existing points,” wrote the authoritative friend.tech X relationship successful an Aug. 28 tweet.
We expect @friendtech clones and different types of copies volition emerge.
To marque definite loyal users are rewarded reasonably during our beta, users moving to forks and copies volition automatically opt retired of earning Points and forfeit existing points. They volition beryllium capable to usage the app usually pic.twitter.com/C1rTEQQr17
While Friend.tech did not marque notation to immoderate circumstantial competitors, and fig of X users successful the reply pointed to a caller DeSo oregon “SocialFi” exertion called Shares which is scheduled to spell unrecorded to nationalist beta connected Aug. 31.
Shares #roadmap for the pursuing week.
We'll beryllium sharing regular dev logs connected Medium astir updates. We started gathering the $SHARES platform's backend a mates of weeks ago, and started with our frontend this play - truthful far, it's been a immense progress! pic.twitter.com/oLEYMlhIcF
Friend.tech has been airdropping “reward points” to its beta testers each week, which volition full a organisation of 100 cardinal points implicit 6 months.
The squad has not yet shared what the points volition beryllium yet utilized for, lone mentioning connected Aug. 15 it “will person a peculiar intent erstwhile the app enters authoritative merchandise status.”
We conscionable did our archetypal Friday Points Airdrop to 44k users.
Some reminders:
- 100M points volition beryllium distributed during the six period beta period
- Airdrops hap connected Fridays
- Points are recorded off-chain
- Points volition person a peculiar intent erstwhile the beta play ends
Some expect it to construe to tokens to friend.tech governance, portion others judge it could person immoderate fiscal value for users. Others believe that owed to the effect circular investment from Paradigm, determination volition apt beryllium a friend.tech autochthonal token airdrop successful the future.
Friend.tech’s announcement did not spell down good with members of the crypto community.
Within the archetypal hr of the announcement being posted — it attracted hundreds of antagonistic comments and reposts that derided the app for its anti-competitive move.
Another absorption from an X idiosyncratic implicit the caller announcement. Source: X (Twitter)“Threatening / penalizing users for trialing different platforms is wholly against everything this manufacture stands for,” wrote pseudonymous trader CryptoKaleo successful effect to the announcement.
“This is simply a premier illustration of however not to grip contention successful Web3 lol — excited to work the apology successful a fewer hours” said another.
Related: Friend.tech denies study that database of implicit 100K users was leaked
The announcement comes little than 3 weeks aft its nationalist motorboat of Aug. 11. Meanwhile, Friend.tech has seen a drop successful cardinal metrics specified arsenic activity, inflows and measurement implicit the past fewer days.
At the clip of work transactions connected Friend.tech person declined much than 90% from its highest of astir 525,000 transactions connected Aug. 21, with little than 50,000 cumulative transactions connected Aug. 28, according to data from Dune Analytics.
Magazine: Blockchain games aren’t truly decentralized… but that’s astir to change
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