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Friend.tech has made a significant transformation by directing the transaction revenues accumulated on the platform, the income obtained from user fee payments, to a leading crypto exchange like Coinbase. This step has a significant impact on the security of the project and its future operational strategies.
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Innovative Structure of the Platform: Interaction Between Users
Friend.tech, introduced in August 2023, enables interaction between users as a decentralized social network. Users can interact with each other using tokens called “keys” on the platform.
Direction of Transaction Revenues: Security and Efficiency
The transfer of transaction revenue last month, sending 7,800 Ethereum (approximately $16.6 million) to Coinbase, is considered a strategic move in terms of platform security and operational efficiency. This step aims to provide long-term security and manage tax obligations more effectively.
Change in Asset Distribution: Transformation of Numbers (Friend.tech)
After the transfer, the total amount of assets held on the platform decreased from around 30,000 Ethereum to approximately 15,000 Ethereum. This situation stands out as an indicator that needs to be followed in terms of the change in the platform’s asset distribution and future strategies.
Community-Focused Approach: User Participation
Friend.tech adopts a community-focused approach by encouraging users to interact on the platform. User feedback and participation play a critical role in the development and progress of the platform. The Friend.tech team continuously focuses on the development of the platform, taking into account the needs and expectations of the community.
Vision for the Future: Strategic Goals
Among Friend.tech’s future goals are expanding the platform’s user base, increasing security, and improving the user experience. Strategic steps to be taken in line with these goals could further strengthen the project’s position in the crypto world. In addition, technological innovations and community feedback are fundamental elements that support the platform’s vision.
Conclusion
Friend.tech ’s transfer of transaction revenues to Coinbase can be considered part of the platform’s strategic transformation. This step reflects the project’s efforts to improve its security and operational structure and lays a foundation for future goals. The user-focused approach, technological innovations, and community participation will enable Friend.tech to grow and develop sustainably. The platform’s future strategies and the expansion of its user base could further increase the project’s impact in the crypto world.