We do the analysis, you get the alpha!
Get unique studies and entry to key insights on airdrops, NFTs, and extra! Subscribe now to Alpha Stories and up your recreation!
Go to Alpha Stories
As blockchain-based social app pal.tech prepares to launch its much-anticipated model 2, the crew mentioned it is already taken a snapshot for the much-anticipated 100% airdrop of its FRIEND token.
“We have locked in factors balances and unlinking or relinking your Twitter will not switch factors,” they wrote on Twitter, “Be a part of us subsequent week for when factors go onchain.” There is no phrase but on when the airdrop will happen, however there’s been hypothesis that it might be as quickly as subsequent week, when factors balances go onchain.
Good friend.tech is a decentralized social media platform on Base, a Coinbase-incubated Ethereum L2. When the social platform launched in August 2023, it generated a ton of hype, some controversy, and was briefly one of many largest blockchain platforms.
It really works by permitting “topics,” or social media personalities, to supply “shares” to their neighborhood. These shares grant customers entry to personal chats, the place they hope the topics will drop perks and tradeable data. However the pleasure died down and so, too, did energetic customers on the platform.
However charges, buying and selling, and exercise on pal.tech spiked earlier this month when momentum began constructing behind information that the crew would quickly be releasing model 2 of the platform. On the time of writing, there’s $34.4 million value of complete worth locked (TVL) on pal.tech, in response to DeFi Llama. That is a far cry from the $52 million that was there throughout its peak in October.
Model 2 of Good friend.tech introduces a number of new options, together with Cash Membership. The Cash Membership characteristic will enable communities to handle shared treasuries and mint tradable onchain collectibles, like NFTs, meme cash, and other forms of media. The platform can also be rolling out its new level system—which will probably be used for the airdrop—and customized curves, which allow customers to create their very own engagement metrics.
There will be small usability updates as properly, like permitting topics to customise their chat areas aesthetically and functionally with choices like polls, raffles, and visible themes.
Crypto investor John Wang shared particulars about V2 in a Twitter thread final month.
“V1 was the beta,” he wrote. “This time round FT is planning to remain. You’re not positioned but, are you anon?”
Keep on prime of crypto information, get day by day updates in your inbox.
