{"id":3253,"date":"2023-08-22T08:07:42","date_gmt":"2023-08-22T08:07:42","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=3253"},"modified":"2023-08-22T08:07:42","modified_gmt":"2023-08-22T08:07:42","slug":"can-friend-tech-project-be-fake","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/can-friend-tech-project-be-fake\/","title":{"rendered":"Can Friend.Tech Project Be Fake?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/can-friend-tech-project-be-fake\/#Friendtech_which_shook_the_crypto_world_is_exposed_to_the_reactions_and_warnings_of_critics\" title=\"Friend.tech, which shook the crypto world, is exposed to the reactions and warnings of critics.\">Friend.tech, which shook the crypto world, is exposed to the reactions and warnings of critics.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/can-friend-tech-project-be-fake\/#%E2%80%9CFriendTech_trends_may_be_short-lived%E2%80%9D\" title=\"&#8220;Friend.Tech trends may be short-lived&#8221;\">&#8220;Friend.Tech trends may be short-lived&#8221;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/can-friend-tech-project-be-fake\/#May_Catch_Your_Attention_What_is_Cartesi_CTSI_How_can_we_buy_it\" title=\"May Catch Your Attention What is Cartesi (CTSI)? How can we buy it?\">May Catch Your Attention What is Cartesi (CTSI)? How can we buy it?<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Friendtech_which_shook_the_crypto_world_is_exposed_to_the_reactions_and_warnings_of_critics\"><\/span><strong>Friend.tech, which shook the crypto world, is exposed to the reactions and warnings of critics.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Friend.Tech,<\/strong> which attracts attention as a decentralized social tokenization platform, has become a significant focus of attention today. <strong>Friendtech,<\/strong> as a platform operating on Coinbase&#8217;s layer-2 network, has managed to get ahead in network revenues, leaving <strong>Bitcoin (BTC)<\/strong> and <a href=\"https:\/\/uniswap.org\/\" target=\"_blank\" rel=\"noopener\"><strong>Uniswap<\/strong> <\/a>behind. The platform, which generated over $ 1.2 million in revenue in a short period, reached more than 60,000 users, creating a large user base. However, some critics who evaluated this rise expressed concerns about the system&#8217;s sustainability and gave the platform 6-8 weeks to continue.<\/p>\n<p><strong>Friendtech,<\/strong> which has many licensed and unlicensed people-friendly applications, promises freedom and privacy to its users as an alternative to the centralization of social media platforms. However, whether this rapid rise is sustainable in the long term has become a matter of debate among critics and experts. The ability of <strong>Friendtech&#8217;s<\/strong> business model and infrastructure to cope with increasing user demand and the platform&#8217;s growth is being questioned.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Let me tell you one thing.<\/p>\n<p>Something isn\u2019t right about <a href=\"https:\/\/twitter.com\/friendtech?ref_src=twsrc%5Etfw\">@friendtech<\/a>.<\/p>\n<p>\ud83d\udea9 Creators making money from a group chat that doesn\u2019t even work when you can\u2019t even reply directly to people?<\/p>\n<p>\ud83d\udea9 The way pricing works is ridiculous and can be easily taken advantage of.<\/p>\n<p>\ud83d\udea9 Pumps and dumps. <a href=\"https:\/\/t.co\/TJqcktEM6P\">pic.twitter.com\/TJqcktEM6P<\/a><\/p>\n<p>&mdash; Yazan (@YazanXBT) <a href=\"https:\/\/twitter.com\/YazanXBT\/status\/1693086023058694222?ref_src=twsrc%5Etfw\">August 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CFriendTech_trends_may_be_short-lived%E2%80%9D\"><\/span><strong>&#8220;Friend.Tech trends may be short-lived&#8221;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p>The user named <strong>&#8220;Yazan&#8221;,<\/strong> known for his content on the cryptocurrency market, expressed his views on the rise of <strong>Friendtech,<\/strong> emphasizing a 6-8 week period. Drawing attention to the rapid increase in the platform&#8217;s stocks and other assets, this popular person suggested that the system has a negative market dynamic. Predicting that this intense interest in <strong>Friendtech<\/strong> could continue for 6-8 weeks, this influential person continues to use a stimulating tone with his social media posts.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A simple explanation of how <a href=\"https:\/\/twitter.com\/friendtech?ref_src=twsrc%5Etfw\">@friendtech<\/a> share pricing works (and other fun facts about friend tech&#39;s contract) \ud83e\uddf5: <a href=\"https:\/\/t.co\/wkZDuprVaY\">pic.twitter.com\/wkZDuprVaY<\/a><\/p>\n<p>&mdash; cygaar (@0xCygaar) <a href=\"https:\/\/twitter.com\/0xCygaar\/status\/1693030028123005305?ref_src=twsrc%5Etfw\">August 19, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong>&#8220;Cygaar,&#8221;<\/strong> one of the leading phenomena of the cryptocurrency world, made a remarkable assessment by analyzing the data of the <strong>Friend.tech<\/strong> platform. Comparing share prices and the amount of supply, Cygaar stated that there is an imbalance in the current situation. However, the popular name pointed out that we are under the influence of the bear market and stated that the platform is currently seen as an earning opportunity, but may lose its excitement in a short time.<\/p>\n<blockquote>\n<h3><span class=\"ez-toc-section\" id=\"May_Catch_Your_Attention_What_is_Cartesi_CTSI_How_can_we_buy_it\"><\/span><a href=\"https:\/\/coinengineer.net\/blog\/what-is-cartesi-ctsi-how-can-we-buy-it\/\"><strong>May Catch Your Attention What is Cartesi (CTSI)? How can we buy it?<\/strong><\/a><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Friend.tech, which shook the crypto world, is exposed to the reactions and warnings of critics. Friend.Tech, which attracts attention as a decentralized social tokenization platform, has become a significant focus of attention today. Friendtech, as a platform operating on Coinbase&#8217;s layer-2 network, has managed to get ahead in network revenues, leaving Bitcoin (BTC) and Uniswap<\/p>\n","protected":false},"author":1,"featured_media":3256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2,5],"tags":[1007,992,1009,1010,1008],"class_list":["post-3253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","category-project-review","tag-friend","tag-friend-tech","tag-friendtech","tag-https-www-friend-tech","tag-tech"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can Friend.Tech Project Be Fake? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Friend.Tech is a social platform that allows users to create their own profiles and sell &quot;shares&quot; of these profiles to their followers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/can-friend-tech-project-be-fake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Friend.Tech Project Be Fake? 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