An Optimistic Assessment of Tech Policy, and More, Under Trump

This deposit gives you access to all the features of the Friend.tech application. Launched in August 2023, Friend.tech had a stellar rise, generating ripple sec say settlement unlikely before trial over alleged securities violations over $18 million in revenue within two months. With its unique social trading model, the platform drew widespread interest, attracting 1,043,701 users by the end of October 2023. However, accessing this app is not as straightforward as simply connecting your wallet or authenticating with socials. There are other steps involved, which act as a deterrent for users and FOMO-inducing ‘hypeman’ for Friend.Tech. The growing interest in DSM represents a significant shift towards a more open web.

• Users can earn by buying keys of accounts they find promising at an early stage and selling them when their value increases​.
• Much like other, non-crypto social media platforms that are in beta — like BlueSky — Friend.tech requires users to have an invite code from other users in order to sign up.
• But each user gets a limited number of shares to sell, and the app incentivizes users to bring in more people in the hopes that fans and friends alike will bid to buy their shares and drive up their value.
• Notably, Friend.tech was audited by CertiK and Cyberscope, both of which gave the protocol a low-risk status.

Donald Trump picks Elon Musk for new cost-cutting role

Previously, the platform was known as Stealcam, a system allowing users to sell selfies and other images using a “steal to reveal” mechanism. Amid the fears that the incoming administration will disregard governing norms and threaten the constitutional order, the Trump executive branch also brings opportunities and reason for optimism. While some what’s the difference between wickr pro and wickr me policies, like increased tariffs and harsh immigration measures, raise concerns, there’s a promising focus on innovation and infrastructure. By focusing on economic growth, technological advancements, and an all-of-the-above energy strategy, this administration could deliver unconventional but effective governance that benefits all Americans. Toward the end of this month, the Federal Communications Commission (FCC) will hold a vote to reinstate a set of rules for internet providers.

Community and Network Growth

45% of the price difference goes to the image creator and the remaining 10% to the protocol. This way content creators earn much more than the standard 5% NFT royalties. Base is the new optimistic rollup created by Coinbase together with Optimism. It uses Optimism technology (the OP Stack), and its gas currency is ETH.

What Is Friend.tech and How Does it Work?

The platform charges a total of 10% in fees per transaction, with 5% going to Friend.tech and the other 5% going to the account holder. Friend.tech protocol has witnessed significant activities since its (invite-only) beta version launched on August 11, 2023. Eight days later, on August 19, 2023, Friend.tech announced that it had secured seed round funding from crypto venture capital firm Paradigm. This news sparked speculation about the possibility of an airdrop and a potential token launch in the future.

ETHX

Consisting of 434 pages and resembling a 2015 order passed during the Obama administration, the new rules are expected to pass given the makeup of the FCC. If enacted, broadband companies and other internet service providers will be prohibited from blocking and throttling content, as well as from engaging in paid or affiliated prioritization. In other words, broadband providers like Verizon FiOS and XFinity wouldn’t be able to charge or slow down content players like Google or Instagram a fee to run their service. The launch of FRIEND token and V2 stirred enormous hype, culminating in a community-focused airdrop few protocols manage to pull off. Yet, this generosity marked the start of its collapse, as token oversupply triggered a sharp decline in value.

Additionally, a data leak exposed details of over 100,000 users, raising further privacy concerns. Notably, Friend.tech was audited by CertiK and Cyberscope, both of which gave the protocol a low-risk status. The friend.tech team has decided to bitcoin and cryptocurrencies 2020 reward app testers with airdropped reward points in the upcoming six months before the platform’s official launch.

Alternatively, you can deposit on the mainnet through the Friend.tech platform, which is much more convenient. Visit Friend.tech via your phone browser or computer and download the Friend.tech app. Note that you must get an invite code from an existing member of the app.

Certain provocative individuals might exploit this setup to generate higher profits. This could involve using strategies such as spreading fear, uncertainty, and doubt (FUD) to manipulate the situation and increase fees. The foundation of friend.tech’s growth, intriguingly, can be traced back to a simple action — the “buy share” function that comes at zero cost. Every time a user mints their own share, the platform gains a new member.

One ether is worth approximately $1,670 as of the publication of this article. Friend.tech basically provides each user with their own Telegram-like chat group. In order for others to enter a user’s private group chat, they need to buy shares in that user.

But some have raised concerns about how the platform’s pricing model works as well as its data privacy. There are a number of reasons why others in the crypto community may approach Friend.tech with caution. For one, as with any relatively new crypto platform, the potential for manipulation of various kinds could be high. Musk also loosened content moderation, stopped verifying accounts and welcomed users back to the platform who had been banned for violating its rules on hate speech and disinformation. After his October 2022 takeover of the social media platform Twitter – which he branded as X – Musk introduced radical changes, including the reduction X’s workforce from around 8,000 to 1,500 in a matter of weeks. The company is also founded by a somewhat anonymous team, and while that’s more common in the web3 space than elsewhere, it’s still not a popular decision, given that you’re required to pay to even access the app.

Social Media Scour

These points are recorded off-chain and will have a special purpose once the beta period concludes, which may provide an opportunity for users to earn. Individuals with a substantial following on Friend.Tech can earn crypto through fees and revenue generated when others buy or sell their keys​. After receiving an invitation, they can head to the Friend.Tech website, log in using their Ethereum wallet, and deposit Ethereum (ETH) to their Base account directly via Transak. This article will explore what Friend.Tech is, how it works and how you can use Transak to get started on the platform. We will also provide you with free invite codes for the platform and tips on how to get more.