Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ETHEREUM NEWS»Friend.tech reverses policy to punish users who use rival SocialFi project
ETHEREUM NEWS

Friend.tech reverses policy to punish users who use rival SocialFi project

By Crypto FlexsNovember 30, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Friend.tech reverses policy to punish users who use rival SocialFi project
Share
Facebook Twitter LinkedIn Pinterest Email
  • Friend.tech plans to reward users who remain loyal and do not engage in forks or clones.
  • The SocialFi project will automatically forfeit points for users who choose the forked version.
  • Points are expected to have a special purpose in tokenized social media platforms.
  • Users of Friend.tech expressed disappointment with the project’s decision to punish users by forfeiting their points.

Friend.tech, the decentralized social media platform taking the Web3 space by storm, announced a controversial policy this morning in light of copycat applications and forks. The SocialFi project said it would punish users who chose competing SocialFi projects by disabling their ability to earn reward points. But the project’s founders reversed the controversial policy less than 12 hours after it was made public.

Friend.tech confiscates points from users who move to clones

According to presentation Earlier today, on

Users who choose to participate in the competing SociaFi project will be able to continue using its tokenized social media platform, friend.tech, it said. The platform has added an updated rewards points policy to ensure loyal users are fairly rewarded during the beta phase.

Friend.tech users have raised concerns about the latest policy, with many expressing their disappointment and frustration. The majority of the cryptocurrency community agreed that users should be free to explore other projects without jeopardizing the rewards they have accumulated from their activities and contributions to date.

Racer, a pseudonymous developer behind Friend.tech, has reversed its controversial rewards points policy just hours after announcing it, following backlash from users and the broader cryptocurrency community. The developer apologized to users and urged them to explore other products.

I have been living in fear… ..that fear caused me to act with a zero sum mentality when I told myself not to try other products… .. Please live as you wish.”

Racer, friend.tech Developer

As of now, it’s unclear how users can redeem the reward points in question, but the SocialFi project previously stated that they would have a “special purpose” once the six-month beta period ends. Friend.tech plans to distribute 100 million reward points through airdrop every Friday during the beta period. The airdrop will take into account user activity until 23:59 on Thursday, after which points will be rewarded and recorded off-chain.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Protocol Update 001 -scale L1

August 7, 2025

Stablecoins are finally legal

August 3, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025
Most Popular

NVIDIA enhances data privacy with homomorphic encryption for Federated XGBoost.

December 19, 2024

According to Token Unlock, $3.46 billion worth of cryptocurrency assets are set to hit the Altcoin market next month.

October 1, 2024

Ethereum DeFi Altcoin Showing Bullish Difference as Indicator Enters ‘Bounce Zone’: Santiment

December 15, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.