Friend.tech Threatens to Penalize Customers That Plug to Copies or Forks
Friend.tech, the decentralized social media platform that went viral after its start, is now going by means of the heat from critics, who argue that its latest cross to punish customers for the usage of competitor apps goes towards the ethos of decentralization.
In a tweet on Tuesday, the Friend.tech group acknowledged that customers transferring to forks or copies of its platform would automatically decide out of earnings aspects and forfeit gift ones.
We query @friendtech clones and other kinds of copies will emerge.
To ticket obvious right customers are rewarded reasonably all by means of our beta, customers transferring to forks and copies will automatically decide out of earning Gains and forfeit gift aspects. They are going to be ready to utilize the app generally pic.twitter.com/C1rTEQQr17
— friend.tech (@friendtech) August 28, 2023
While the Friend.tech group claims that the resolution turned into centred around reasonably rewarding its right customers, market individuals took blueprint at the platform’s strive at gatekeeping customers from other platforms.
“That it’s most likely you’ll maybe also absorb first mover abet. Correct assemble the correct product and moreover you shouldn’t absorb anything else to fear about. Threatening / penalizing customers for trialing other platforms is totally towards the entirety this industry stands for,” wrote X user “@CryptoKaleo.”
“we can turn off your earning power at our discretion”
L
— Jeff Kirdeikis (@JeffKirdeikis) August 28, 2023
Friend.tech has been airdropping reward aspects to its beta customers every Friday, with a full distribution of 100 million aspects to be sent over 6 months. The platform is but to expose what amassing these aspects will entail, but has hinted that they’ll absorb “a diversified reason as soon as the beta length ends.”
The platform furthermore appears to absorb misplaced traction simply as quickly because it gained customers early on, with the series of transactions having declined by bigger than 90% since its Aug. 21 peak of 525,000 transactions.
RIP Friendtech
August 2023-August 2023💀 pic.twitter.com/Fb0bh23Fyo
— Beanie (@beaniemaxi) August 26, 2023
Records from Dune reveals that everyday inflows are staunch down to $1.6 million, a miles cry from its peak of over $16 million earlier this month. The series of energetic traders and sellers is furthermore down from over 1000 to below 300 at the time of writing.
Source credit : unchainedcrypto.com