Check out the airdrop results of the $FRIEND airdrop. Friend.tech allocated its entire token supply directly to participants!
friend.tech
Expired
Progress mission: 0 of 5
Updated:
Expired
Rewards
Reward Results
$200 $1,800
Details
Minimal cost
~$20
Time required
30 min.
Category
Mainnet
Rating
5/10
Risk
High
Friend Tech Airdrop varies from a few dollars to several thousands of dollars. The biggest airdrop received represents 719k $FRIEND tokens, while the least active users received 1 $FRIEND. In this airdrop, 1 point = 1 token, and 100% of the supply has been distributed to the users. There was 193,430 users who received the airdrop, which means the reward range is very wide. However, the top 10,000 users received at least 840 $FRIEND.
In order to receive a lot of tokens, users had two choices:
- Being early in Friend Tech, as more points were distributed during the first weeks and required less investment.
- Invest more and be more active after the first wave of users to qualify and be among the top 10,000.
$FRIEND price at launch was very volatile, with a peak around $160 for one minute, and below one dollar a few hours after. After these events, the price stabilized between $2 and $3 for a few days.
The claim of the airdrops is done in 2 phases:
- 10% is immediately unlocked for all participants
- **The remaining 90% are unlocked by joining a Club, Friend Tech V2’s new product. **
There has been some issue with synchronizing users action and airdrop being unlocked, but right now everything works well.
In conclusion, a user could participate with $400 dollars at the time (ETH price ranged between $1500 to $1900) and earn up to $1600 by being active.
Pros
Strong User Base
A large number of users suggests greater project longevity and potential benefits for current participants.
Cons
Previous Project Abandonment
Founders' history of leaving past projects like TweetDAO, Stealcam, and Kosetto, raises concerns about their commitment to this venture.
Lacking Privacy Policy
The absence of a privacy policy, particularly after a data leak incident, is worrying.
Questionable Economic Model
The project's economy resembles a Ponzi scheme, which could adversely affect its stability.
Increased Rivalry and Reward Dilution
A large user base implies more competition and reduced rewards per participant.
How to participate?
- Get an Invite Code for Friend.tech: First, you need to obtain an invite code to join Friend.tech. You can get this code from friends who are already members or by searching on Twitter, where people often share their codes.
- Buy and Sell 'Keys': The main activity on Friend.tech is buying and selling 'keys'. These transactions are crucial as they count towards your eligibility for a potential airdrop (free distribution of tokens).
- Be Cautious with Price Fluctuations: Be aware that the price of 'keys' can change rapidly and unpredictably. This means there is a risk of losing money, so proceed with caution.