What is Friend.Tech?
Friend.Tech is a revolutionary decentralized social app built on Coinbase’s layer 2 network – Base. It introduces a groundbreaking concept – the ability to tokenize your social network. Essentially, it allows users to create a profile and sell “shares/keys” of themselves to their followers. These keys grant owners the ability to exchange private messages with the user they’ve bought keys from. In other words, Friend.Tech turns your social connections into tradable assets, offering new ways to interact and engage with your network. In this article, I will guide you through Friend.Tech and reveal details on how to Make Money in the Friend.Tech platform.
Key Features of Friend.Tech
- Tokenized Social Connections: Users can tokenize their social presence, allowing others to buy keys and interact privately.
- Influencer-Friendly: Friend.Tech is courting influencers who already have a substantial following, enabling them to monetize their social capital.
- Built on Base: It operates on Coinbase’s layer 2 network, ensuring fast and cost-effective transactions.
- Impressive Adoption: Friend.Tech has experienced rapid growth, with substantial trading volume and a large user base.
How to Make Money in Friend.Tech Platform?
I have been using this application for the last one month, started with a small investment of $10. Over this period, my investment has grown substantially, now totaling around $450 – this comprises of both ETH a diversified portfolio. Throughout this journey, I have adopted a “test and learn” approach, continually studying the application and exploring the various opportunities it offers for generating income.
This article is dedicated to all of you, where I will be sharing everything I have learned—both the strategies that worked for me and the pitfalls that cost me. Let’s get started…
Set up Friend.Tech App
To install the application, you will need to visit the website https://friend.tech in your mobile browser and follow the on-screen instructions. Please note that for iOS devices, you will need iOS version 17 or later.
Once you open the application, you can sign up using your phone number, Google, or Apple account. The next step will be to enter an invite code, which you can find on the ‘X’ or Twitter page of Friend.Tech, where users share their invite codes.
Invite codes: –
- ft-qzblf1hu
- ft-jyactmbf
- ft-9fz547pc
Next step is to connect your “X” or Twitter account and then load your Friend.Tech wallet with some ETH. Do note, this app is built on Coinbase’s layer 2 network so you will need ETH in your Base wallet. Check this article to know how to bridge ETH to Base wallet – https://coinmarketcap.com/academy/article/how-to-bridge-to-base-mainnet#
Final step is to buy your key, your first key would be free which you can grab by paying only the transaction fee.
This key is tradable (brought or sold), if you have any strategy to grow with Friend.Tech then I strongly recommend you all to hold your keys or buy more and hold as this builds trust and will have more holders onboarded.
Hold, Trade Friend.Tech Keys to Earn Money
Now comes the most interesting part of Friend.Tech i.e. to make money in Friend.Tech platform. There are three ways through which you can earn money in Friend.Tech platform. Do note the earning would be in Ether (ETH) which can easily be converted to USD.
1. Investing and Holding Keys
This can be done by doing a strong research on accounts with good fan base (followers) or reputations and purchasing the key of those influencers. Look for an influencer who is ready to grow the community by investing time, money and benefits for the key holders. You can sell the key as soon as the value of the key spikes in price.
2. Buying and Flipping Keys
You can also earn some quick profits by purchasing and reselling keys. This strategy requires research, but the key to success is entering early and selling as soon as the price starts to rise. This means buying the key at its base price and promptly selling when it appreciates.
Lowest price of key – 0.0000625 ETH
Again, this depends on lot of factors like for example if an account looks very genuine with follower count of 1000+, good number of posts and activity then I would enter at the base price of 0.0005 – 0.0015 ETH. I would also keep a constant check as soon as the price goes up and would make an exit when I sense the price dropping again.
3. Trading Fees
Yes, you will also earn 5% of the trading fees that comes from buying/selling of your keys by your followers/holders. If your key price is 0.1 Ether then you will get 0.005 ETH every time someone buys/sells your key.
There are users who are earning five digits plus income out of just the trading fees but for that to happen you will have to grow your community.
Only thing you will have to be careful of is the fake accounts which you can identify again by their activity in X platform. In my next article, I will share some quick tips on the same along with sharing my journey with Friend.Tech.
Another important aspect of Friend.Tech is the upcoming Airdrop. Your activities within the app, such as buying/selling, referrals, and portfolio value, will earn you points and a rank. The higher your points and rank, the greater your share in the Airdrop.
I hope this article has given you a clear understanding of the Friend.Tech App, its benefits, and the earning opportunities it provides. If you found this article helpful, please consider sharing it with your friends so they can also seize the earning potential of the Friend.Tech application.
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