it's TVL is growing and much more of influencers on crypto twitter and individuals are joining for two reasons and one of them is to farm the airdrop.
Incase, you don't have any idea friendtech will giveaway a percentage of supply to product users who are using it on daily basis and engaging with platform.
So, the airdrop is like to make token economy decentralized and stakes will also be bought by some VC like paradigm and if more joined.
It does all sound good and fine until you realize Friendtech isn't your decentralized social platform.
How FriendTech can Shadow Ban You
It'd be hard to believe a social networking and tokenized community platform where your network is your net worth start to shadow ban you when it's built on Blockchain and is in Crypto been known as decentralized future of finance and networking.
Friendtech had threaten to Ban previously in one of there tweet to if you'll use a competitors of friendtech.
That caught attention of top stakeholders and all everyone criticized that and tweet was deleted within hours.
After quite some time almost everyone of crypto space has forgotten about that already and now this one case came to surface exposing Friendtech over again.
Imagine you're one of top spender on the platform buying keys of users and investing on the platform but you get cancelled and don't get to chat with anyone neither own keyholders since you used an aggregator and it wasn't allowed.
This is one of those moments in crypto where everyone forgets about decentralization is even a thing or that matters since majorly everyone are bullish on the tech and just stay quite don't fud bags.
Friendtech isn't decentralized or Permissionless
The owner of friendtech can ban you or can take permission away from you to use the app or chat and any inbuilt option whenever they've a reason.
Like in this case it's aggregator, so just replace Friendtech with hive for a minute and see the fact.
How Hive is the Ultimate Example of Permissionless, decentralized SocialFi?
When it comes to hive we don't have a owner who can claim I'm co founder of Hive Blockchain, it's community owned and we all are using the same way everyone else can without need of third party permission or any extra steps.
You wanna build something on hive blockchain, You do it your own way.
Using an aggregator service or stuff? Go on... everything is already transparent and available on Blockchain.
It's a mystery for crypto space and are still stuck in web 2.0 believing Friendtech is something extraordinary while it's just another Dapp in town doing the same thing as other centralized social platform.
Wrapping Up...
In the end, after sometime everyone will forget about this incident just like the way everyone have forget once they openly said to ban you from using a competitor.
So, well Decentralized SocialFi and Tokenized communities on hive is here since more than five years and will exist in the future while I doubt Friendtech will exist once the hype is settled. Would love to know your thoughts about it in the comments.
