The modern tech landscape sees myriad innovations daily, with varying tokens and point systems coming into play. One of the notable players in this domain is Friend Tech. Their point distribution has piqued the interest of many, and here, we break it down to understand its composition and value. Let’s take a look at this Friend.tech article in more detail.
What is Friend.tech?
Friend.tech is a digital social platform where people can purchase and exchange “keys” (formerly called “shares”) tied to X accounts (formerly Twitter). Owning these keys lets you chat privately within the app and see special content from the linked X account. It’s promoted as a place to “shop for access to your friends.”
Friend.tech is an app similar to messaging apps like Telegram. However, to chat privately with someone, you need to buy a “key” for access. If you leave the chat, you can sell this key.
The idea seems inspired by X (once Twitter). Popular X users have sometimes sold tokens linked to special content. Friend.tech expands on this, adding crypto features like bonus drops and shared fees.
To join Friend.tech, you need an invite code. This invite-only method has made the app buzzworthy, as people hunt for codes. To join, go to the Friend.tech website on your phone and download the app. Every member gets three invite codes to share. New users link their Google and X profiles and transfer some ether. Then, they can buy/sell keys and start chatting. Friend.tech is a web app that runs on the Base network, a system by Coinbase that helps Ethereum work faster.
Friend.Tech Point Distribution Breakdown
Portfolio Value: 69.7%
- The lion’s share of the distribution lies in the portfolio value. This indicates the significant weightage Friend Tech places on the portfolio’s worth in their overall point system.
Number of Holders: 11.6%
- A respectable chunk of the distribution is determined by the number of holders. This highlights the platform’s drive to increase its user base and encourage more participants.
Holding Period: 8.2%
- The duration for which these points are held also plays a crucial role, representing a good 8.2% of the distribution. Longer holding periods might indicate trust and loyalty towards the system.
Watchlist Count: 3%
- This metric provides insight into the active engagement of the users and their keen interest in monitoring various assets or tokens.
- Fees often serve as a source of revenue, and in Friend Tech’s case, it constitutes 2.6% of the point distribution.
Last Message Time: 1.89%
- Engagement and communication within the platform seem to be rewarded too, albeit a smaller fraction.
Stock Supply: 1.79%
- This parameter reflects the availability and supply of stocks, making up 1.79% of the distribution.
Last Online: 0.85%
- While it’s the smallest piece of the pie, the last online metric still holds some significance in the overall distribution.
The Possible Valuation of the Points
With the details of the distribution in perspective, the next big question is their value. Analysts have weighed in, offering a rather fascinating calculation.
If we consider an airdrop of 30% of the total supply at a Fully Diluted Valuation (FDV) of $200 million, each point’s worth would be in the ballpark of $0.60.
Such a valuation provides both current holders and potential investors with a clearer picture of what to expect from their holdings and future investments.
Friend Tech’s point distribution gives a unique insight into its priorities, emphasizing portfolio value, user base growth, and engagement. The analysts’ valuation further shines a light on the potential rewards of being part of this ecosystem. As the tech landscape continues to evolve, it’s always enlightening to dive deep into such distributions, understanding the mechanics and the value propositions they offer.
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