In this article we look at how you can try to get crypto as a gift via the future airdrop of the Friend.Tech social protocol.
The application, which relies on Layer-2 Base infrastructure, has announced that all active users will be rewarded, although no token has been announced yet.
Friend.Tech has attracted a lot of attention in recent weeks due to the high fees it has generated on Ethereum’s Layer-2 network, which now stands at more than $4.5 million.
Full details below.
Summary
Friend.Tech: Layer-2 Base’s new crypto social protocol
Friend.Tech is a decentralised social media application based on Base‘s blockchain, which has announced an airdrop for its community.
The app, which is only available on mobile, allows users to tokenize different Twitter profiles (now X), which can be bought and sold in ETH.
Anyone with an account on Elon Musk‘s social media site can participate by registering with an invitation code and buying/selling shares associated with a specific profile of an influencer or anonymous user.
The price of these tokenized shares, also known as “keys”, depends on a number of variables, including the number of followers, participation in their posts, their overall influence and, of course, the supply/demand ratio.
Generally speaking, if you buy a key for an account, the price will go up, and if you sell it, the price will go down.
Of course, you cannot sell short, you can only liquidate a previously acquired share.
Buying a share on the app gives you exclusive access to private chat rooms (similar to those on Telegram) with the owner of the profile in question, as well as premium content.
Basically, those who decide to buy a share do so because they believe that the profile will become more popular over time, increasing the number of followers and thus attracting new buyers.
In this way, speculation is combined with the social aspect, in an innovative application with a minimalist interface and very simple operation.
Among the various features of the application, we can also find the possibility of sending photos and videos in chat rooms and of collecting points that will be used for a future cryptocurrency airdrop.
The launch of Friend.Tech has attracted a lot of attention from insiders on Coinbase’s layer-2 due to the high number of transactions that have been recorded in about a month since its launch, amounting to over 2.6 million.
However, the most astonishing figure was the amount of fees generated by the protocol, with 2,695 ETH equivalent to $4.56 million.
The Layer-2 Base infrastructure was obviously grateful for the more than 130,000 users registered on the application, which led to an increase in the popularity of the chain and the decentralised ecosystem.
How to get Friend.Tech airdrop
Participating in the Friend.Tech airdrop is really easy and only takes a few steps to qualify as an active user of the decentralised application.
First you need to download the mobile app, available from both the Play Store and Apple Store, and enter an invitation code, without which you will not be able to proceed.
Below are 3 invitation codes provided directly by The Cryptonomist, but if they are no longer valid (they can only be used once), the advice is to use the hashtags #friendtech and #friendtechcode on Twitter and you will find many codes shared by the community.
Once this is done, you will need to log in with your Twitter credentials and transfer a small fraction in ETH ($10-15 is enough) to your Friend.Tech account.
Copy the address to the copy address and use it as the destination for a withdrawal from another wallet that supports the Base network, such as MetaMask.
If you do not have funds on Base, you can bridge here directly from the main Ethereum network. Bridge fees are around $5, but may vary depending on network congestion.
In total, between fees and funds (first bridged, then transferred to Friend.Tech) you should spend around $20.
Immediately after that, you can buy your Key Priva for free, which is a tokenized share of your Twitter profile.
The first buyers of your socal shares will be you: you can then decide to buy more, so that you can make a higher profit if you want to sell them in the future and the price rises over time.
However, if you want to increase the value of your keys, you should try to gain a following on social media.
Next, to be eligible for Friend.Tech’s airdrop, all you have to do is spend your money on the app to buy one or more tokenized shares of other users by searching for the ones you like in the search bar.
The user’s name is, of course, the same as on Twitter. If the price of that share rises over time, you can safely sell it and buy a share on another account.
Finally, and perhaps most importantly, you can share invitation codes with your friends, which you can find in the “airdrop” section of the platform. Initially you will only be able to share 3 codes, but every Friday your score will be updated and you will receive more codes to share.
The more users you invite to join you and the more trades you make on the platform, the higher your score will be and the more cryptocurrency airdrops you will receive in the future.
