Native token for decentralized social platform Friend.Tech is now available for trading. Friend.Tech requires users to meet in-platform prerequisites to be eligible for token requests. Meanwhile, EigenLayer has taken action following criticism of its first airdrop. The cryptocurrency project will distribute an additional 100 to 110 EIGEN.
FRIEND airdrop is coming from FriendTech!
Launched last August on the Ethereum Layer 2 network Base, FriendTech stood out with its unique, invite-only network service that leverages social tokens called “Keys” that grant users access to private chats and content from creators. The new native token for Web3 social media platform FriendTech has started trading on DEXs on Base. According to DexScreener, the FRIEND token is currently trading at $3 with a circulating supply of approximately 14.5 million.
The token airdrop took place simultaneously with the launch of FriendTech’s version 2 (v2), which offers new features to users. These include “Clubs”, which are community spaces owned and operated by key holders. The keys to the clubs will be traded in Friend tokens with a 1.5% fee for each transaction going to liquidity providers on the DEX. Users need to follow at least 10 users on FriendTech to claim airdrop tokens. In addition, they must join a Club.
FriendTech announced in a statement on X on April 27 that it had completed the snapshot for the May 3 airdrop distribution. According to DeFiLlama, FriendTech is the ninth largest protocol on Base, with a TVL of approximately $30 million.
Cryptocurrency project is airdropping again after the reaction!
cryptokoin.comAs you followed from , there were harsh criticisms towards EigenLayer’s first airdrop. The cryptocurrency project will then distribute an additional 100 to 110 EIGEN to 280,000 eligible wallet addresses. On Monday, EigenLayer announced that it would allocate 15% of its total supply to the community. However, some users viewed various provisions of the airdrop program as restrictive.
In a post to X on May 2, the Eigen Foundation said it would send additional EIGEN tokens to the wallets of users who interacted with the protocol before April 29. So the first airdrop will include claimants. He also stated in a blog post that Season-1 claimants will receive at least 110 EIGEN. He shared that Season -2 claimants will receive at least 100 EIGEN. These people must have interacted with the protocol between March 15 and April 29.
The token is not yet on the market. However, EIGEN perpetual futures contracts are active, according to Aevo data. These contracts are currently traded at $10 in the derivatives market. So, according to estimates, the latest airdrop is worth around $280 million.
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