The “friend.tech” is an innovative social app that has taken the crypto community by storm. Its unique concept allows users to trade individual Twitter profiles, and it's been the talk of the town since its recent launch on Base Chain. If you've been considering joining the platform or are simply curious about its functionalities, this guide is for you.

1. Introduction to friend.tech

Friend.Tech offers a fresh take on social apps. Instead of simply following and interacting, users can actually buy and sell shares of Twitter profiles. It's a concept that might sound a bit outlandish at first, but it has its own allure in the crypto world. Moreover, the platform has teased its users with an upcoming token airdrop, increasing its appeal.

2. Installation Process

2.1 Friend.Tech is primarily a mobile application. If you try accessing its website from a desktop, it won't lead you anywhere.

2.2 On your mobile device, navigate to friend.tech via your browser (preferably Chrome).

2.3 Save the webpage as an icon on your mobile home screen “Open friend.tech”.

2.4 Once you open the saved icon, you'll be directed to the sign-up page.

Here are the invite codes for you:

ft-ubolwan9 | ft-r3mxiihl | ft-az4d0uwa | ft-zzmh2g3j | ft-e957q8y8 | ft-8x8s3yhh | ft-ndbiiqnp | ft-pysd9nk7 | ft-g5kde4q2 | ft-yitmlg3y | ft-9qlbsg8x | ft-jqocuqn2

2.5 Link your twitter.

2.6 To fully activate your account, you'll need to bridge some Ethereum (ETH) from the Base Chain into the app. The currency used is called 'Base E'. If you're unfamiliar with bridging processes, there are helpful video guides available online.

2.7 The minimum deposit required is 0.01 ETH.

2.8 Go to the link provided to deposit.

2.9 Finally your account is done.

3. Understanding friend.tech's Features

-The core idea is to buy and sell shares of individual Twitter users. For instance, if a user's token on the app is trading at 0.1 ETH and there's a surge in buying, the token's value might increase to 0.5 ETH. You can profit by selling at this higher price.

-Share prices are determined based on a quadratic relationship, which takes into account the number of shares a person owns. This means if a lot of shares are bought for a specific person, the price will shoot up rapidly.

Here is a model analysis on KOL "pricing" created by @functi0nZer0 :

-To diversify the holder distribution, the platform promotes wider distribution rather than centralization.

-Signing up requires linking your Google account or mobile to your Twitter profile. It's important to note that, as of now, there is no privacy policy on the platform.

4. Navigating the App

-The homepage displays top accounts, recent joiners, and the most active profiles.

-The "Explore" tab helps you search for specific usernames. For example, you can search “Klein Labs“ there.

-An "Airdrop" page is present, hinting at the platform's future token distribution plans.

-Users can keep track of their portfolio value, earned trading fees, and more within the app.

5. Making Purchases

-To buy shares, simply click on a profile.

-If you have sufficient funds, you can click "Buy" on the top right corner to see the share price and complete the purchase.

6. The Innovations of friend.tech

The core goal of "friend.tech" is to build a close bridge connecting creators and fans. By purchasing the "shares" of a specific creator, users can further enhance their interaction with them. What's more, the purchased "shares" can be sold at any time, offering high flexibility. This platform has propelled a new social paradigm in the crypto world.

7. Analyzing friend.tech's Growth Metrics

To offer insight into the platform's trajectory and future prospects, we can examine its current statistics. The estimated total friend value stands at 10,901.3 ETH, with accumulated protocol fees of 889.2 ETH. The platform has seen a lifetime transaction count of 728,488 involving 49,195 unique buyer addresses, and boasts a cumulative trading volume of 19,562.8 ETH. These figures underscore the swift uptake and dynamism of the platform, suggesting its promise to carve a dominant niche within the realm of social media.

If you want to know the latest project data, you can check the dune dashboard.

8. The Path Ahead for friend.tech

Just as people were debating whether friend.tech could persist after the initial frenzy, the top VC firm Paradigm announced a seed investment in friend.tech, reigniting the excitement among industry players. Undoubtedly, the resonance friend.tech has caused on Crypto Twitter and the entertaining moments during the bear market have already showcased its potential and allure. The future development direction of this application and the addition of new features will undoubtedly become the focus of market attention. Friend.tech's innovative model has triggered a paradigm shift in the creator economy, and Klein Labs will concentrate on this area and investment. Innovators are welcome to contact us via private message on Telegram or email at vc@kleinlabs.xyz.

About Klein Labs

Klein Labs is a pioneering community-oriented Web3 accelerator and research-driven venture capital firm. It was founded by a passionate team of engineers, data specialists, crypto enthusiasts, and investors hailing from prestigious institutions like Stanford University, CMU, Cornell University, Google, and Microsoft. We boast a strong culture of collaboration, an ardor for crypto-economics, and an optimistic view of the future of the internet and AI.

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