The native token for decentralized social platform Friend.Tech has opened for trading. Friend.Tech requires users to fulfill in-platform prerequisites to become eligible for token requests. Meanwhile, EigenLayer took action following criticism of its initial airdrop. The cryptocurrency project will distribute an extra 100 to 110 EIGEN.
FRIEND airdrop from FriendTech is coming!
FriendTech, which launched last August on the Ethereum Layer 2 network Base, stood out for its unique, invite-only network service that leverages social tokens called “Keys” that give users access to private chats and creators’ content. The new native token for FriendTech, the Web3 social media platform, has started trading on DEXs in Base. According to DexScreener, the FRIEND token is currently trading at $14.5 with a circulating supply of around 3 million.
The token airdrop coincided with the launch of FriendTech’s version 2 (v2), which offers new features to users. These include “Clubs”, community spaces owned and operated by key holders. Clubs’ keys will be traded in Friend tokens with a 1.5% fee for each transaction going to liquidity providers on the DEX. Users need to follow at least 10 users on FriendTech to claim their airdrop tokens. They also need to join a Club.
FriendTech announced on April 27th on X that it has completed the snapshot for the May 3rd airdrop distribution. According to DeFiLlama, FriendTech is the ninth largest protocol on Base, with a TVL of around $30 million.
Cryptocurrency project airdrops again after backlash!
As you have been following on Kriptokoin.com, EigenLayer’s first airdrop was harshly criticized. Following this, the cryptocurrency project will distribute an extra 100 to 110 EIGEN to 280,000 eligible wallet addresses. On Monday, EigenLayer announced that it would allocate 15% of its total supply to the community. However, some users considered various provisions of the airdrop program restrictive.
In a May 2 post to X, the Eigen Foundation said it would send additional EIGEN tokens to the wallets of users who interacted with the protocol before April 29. So the first airdrop will also include requesters. He also stated in a blog post that Season-1 requesters will receive at least 110 EIGEN. Season -2 requesters will receive at least 100 EIGEN. These people must have interacted with the protocol between March 15 and April 29.
The token is not yet on the market. However, according to Aevo data, EIGEN perpetual futures contracts are active. These contracts are currently trading at $10 on the derivatives market. So, according to estimates, the latest airdrop is worth about 280 million dollars.
Follow us on Twitter, Facebookand Instagram, and join our Telegram and YouTube channelto stay up to date with breaking news !
