Incentivisation drives all product and protocol.
Users are highly sensitive and acute to the incentivisation more so in crypto.
@friendtech
touts to be a
#SoFi
product in beta. The user base has been encouraged to engage in-app organically
However, the protocol actively
Feels like his level of understanding of farming programs is a bit light with all respect.
Blur farming is highly dominated by a few actors because this is how market making works (think of market makers on CEX or DEX).
Friendtech farming is highly dominated by sybil farmers
I am extremely bullish on the
@ApeDAORemix
project by
@ApeDao_
. Everyone should at least do some research on the project and why it's good to have exposure on this project
🧵 👇
I feel like I'm extremely underexposed in the
@worldofwomennft
project even with 20+ of the
#NFT
.
As a global brand, an ambassadorial position of leveraging a mission that's worthwhile, and an artist that is grounded, they could be the premiere
#NFT
at these price points.
With
@worldofwomennft
dual licensing setup, they will be pushing boundaries on how to reward NFT owners through provenance, through commercial licensing. Watch as more people leverage on this and build their brand using this setup. Whole new world.
The sentiment is so bad with
@friendtech
that WHEN the token is released, it'll rip so hard because everyone is in disbelief and resentful about the protocol subsequently the token.
We are seeing memecoins trade vicariously with no underlying of a product but just a narrative
In just a couple of days, these are some of the big sales (>9Ξ) for
@worldofwomennft
including the 200Ξ sales by
@LoganPaul
Exhibit A: 8 Night Goddess Sales from
Over 100+
@worldofwomennft
NFTs bought up by one wallet 👀
I've harped on this for so many weeks but i guess ill try it again
Don't time the market. Be in the market. Join the
@worldofwomennft
community. They've worked hard to create a safe and educational platform.
🎨🎨
🗣️An FT Engagement Experiment
@friendtech
and tool aggregators have for the past 6-7 weeks incentivised activity and engagement through their platform which led to a lot more users incubating within their chat room than venturing out of it and engaging elsewhere.
Part of the
Want to know why
@cryptoadzNFT
went up 150% the past couple of days ?
@friendtech
network effect.
Don't get me wrong. Toads is still an extremely iconic collection but this sharp move upwards started in
@friendtech
.
Layered beyond the bootstrapping (3,3) movement is a true
WoW. All of you
@worldofwomennft
holders are really good at hiding your collection. I've spent all of two days to stock up on my holdings and almost all traits/combination I'm looking are tightly held.
🤦♂️I should have heeded my own advice months ago and just bought more
Obvious as day light now,
#BAYC
is culturally significant in the
#NFT
landscape and has leaked out of the metaverse
What other projects that is sub 3Ξ and has taken garnered significant crossover out of the metaverse?
@worldofwomennft
Check this list
Now is a good time for
@friendtech
+
@0xRacerAlt
and the team look into these:
- Removing all the points by inorganic users over the past few weeks. All sybil bots points passed and reallocated to organic users
- That nice little $22m in revenue, maybe re-inject that back
Everyone loading up on BAYC, Punks, CC, but not loading up on
@worldofwomennft
is perplexing especially at these price points.
It is the most asymmetric bet in the space right now for a long term hold, bar none.
Everyone overthinking $FRIEND @ 100mm market cap when they were putting 50E on memecoins at $1b market cap
Seems like an asymmetric opportunity with
@friendtech
still having a minor heart beat
At
@friendtech
v1 beta peak, I used to spend more than 12 hours a day finding new ways to engage, interact, reward, incentivise, and build a community.
It was truly one of the most socially unique and enriching experience for that 1-2 months.
May v2 reignite that flame 🔥
Pay attention to what
@worldofwomennft
is setting up. They are engaging in professional licensing.
They are using Earth Muses competition to showcase the dual licensing concept
They are actively adding curated artwork
My prediction? Commercial, advertisements for starts.
So...currently $FRIEND LPs are getting
➡️ 3,300% LP APR
➡️ $21m liquidity locked
Yield coming from fees users are speculating/trading on money club, $FRIEND, and swaps
$150mm market cap
$150mm FDV
61% $FRIEND claimed, no vesting timetable, full unlock
100% community owned
$FRIEND
There's no coin, community, founder, incentives, propaganda! more hated than that of
@friendtech
in 8+ years I've been in the crypto space.
Truly a marvel
More information can be extracted through this tweet
➡️ v2 points will work as a token - $FRIEND
➡️ $FRIEND is not soul bound
➡️ Launch time now set in place so no longer waiting for the entire 24 hour
@FriendTech
launched at the abyss of bear market
➡️ Was not heavily farmed
1/2 Many of you have requested a way to share your $FRIEND airdrop with keyholders when you claim. We think this is a great idea. We'll need some more time to make this happen, so we're moving the launch to this Thursday at 10:30am PT.
Interesting week
Points this week: 3900
Points Per Eth: 107p/eth
Weekly rank: 210 --> 176
Portfolio Value took a dip from 42E to 32E on the back of Black Wednesday. It rose slightly to 34E to stabilise there until the time of 📸.
I received 2900 points last week on 42E
I've bought a lot more
@worldofwomennft
the past week but obtaining "EVY" without realizing my offer was accepted had to be the highlight of my purchases.
Have you locked your
#grailwow
#foreverWoW
? The list of iconic WoWs being is being snapped at a fast rate
EVY: A screen, you say? Finally, something hackable!
Give me just a minute... [Fiddles with her console.] There! I'm in!
Huh, there seems to be some kind of encrypted video feed down here. I just need to crack one last ice wall, and we're good.
#GalaxyofWomen
A new paradigm shift on mindset within the
@friendtech
could be achieved with the ability to on-chain distribute votes back to holders.
This may be the first step to ascertaining an on-chain way of social media with Global Voting and could be the detachment of how key price is
I need to populate my 'Friends' tab with more active
@friendtech
users.
Drop your
@friendtech
link below so I can watch list you and see your posts to vote more.
I have 8k votes daily and I'd like to vote on more active users!
👇
@friendtech
link below and Ill watch list!
My
@friendtech
Cover Letter
As the platform doesn't allow any potential key holders to view contents of my chat, allow me to use this thread to provide a cover letter of what you might likely get from there.
Here we go..
As the system flushes in
@friendtech
now is the time to really see who is actually in it for the long haul. Manage YOUR systemic risk but find long term value holdings that are going to collaborate towards the end game
Have taken a 25% haircut this week but looking to deploy
Still committed to long term oriented
#SoFi
experiment on
@friendtech
I have now consistently put in 10+ hours daily cumulatively for the past 6 weeks and not looking to stop because there's genuine opportunity to learn, grow, connect and enrich in more than one ways.
Nothing
Everyone overthinking $FRIEND @ 260mm market cap when they were putting 50E on memecoins at $1b market cap
Seems like an asymmetric opportunity with
@friendtech
still have a heart beat
Everyone overthinking $FRIEND @ 100mm market cap when they were putting 50E on memecoins at $1b market cap
Seems like an asymmetric opportunity with
@friendtech
still having a minor heart beat
No in-betweens now.
Moving into a new experiment where VCs are not using TGE as a dumping ground, and into something more egalitarian.
It'll be extremely product driven and price sensitive to the protocol than said P&Ds historically manufactured by VCs.
Valhalla, or 0
photo from the friendtech board meeting where investors agreed to give up their right to dump on you to let us create the first truly user controlled currency in one of the craziest experiments that crypto has ever seen
Part of the
#SoFi
experiment is combining the framework of a social media protocol built with financialisation framework; Uniquely with a bonding curve and AMM on
@friendtech
Your 🔑 price is a way for user bootstrap their capital to validate the network but also to consume the
The next phase of
@pudgypenguins
project is the elevation of their brand, to create stronger magnetism to bring in new holders, and then release a 10-20k extension project.
We have fully yet to see deviation of this from most PFP NFT projects on mainchain, and success of it
For the first time, all community member of
@FriendTech
and $FRIEND holders are now THE cabal.
100% community distribution
Platform to allow collective mindshare passing of information
Aligned incentives
I spent hours populating all these trades and now they removed it?
What... The..
What is this update
@friendtech
I interacted organically and spent hours, you don't incentivise, fine, and now you removed it?
I spent hours going back to populate all my trades at
@friendtech
dating back 2+ months ago.
Considering the clunkiness of the UI and poor interactivity after each comment, it was a painful, arduous, grinding task
And yet, it's now complete. All my trades are commented from
In
@friendtech
the best bet is self bet.
After that, is your circle of loyal holders.
When everyone is selling own keys at a-t-h, I am buying my own keys at current a-t-h.
Pass the points back to your holder.
@maverick23NFT
@friendtech
Can vouch.
Mav played the game and kept to his words to the very end of it.
Even if it was self concocted game, it was obvious to see who operated with integrity, and who were the grifters.
Bullish
@friendtech
as a platform for a mindshare of content through incubated room that is incentivising user base to gate keep access but also creating an engagement unique to other channels.
X, Discord, TG can be a noisy environment and crypto volatility means siloed
becoming cautiously bullish on
@friendtech
again after roundtripping no profits and exiting with a loss of around 40e😸
honestly made a lot of invaluable connections there, but some monetary value would still be greatly appreciated
becoming cautiously bullish on
@friendtech
again after roundtripping 55e profit and exiting with a loss of around 20e😸
honestly made a lot of invaluable connections there, but some monetary value would still be greatly appreciated
I spent hours going back to populate all my trades at
@friendtech
dating back 2+ months ago.
Considering the clunkiness of the UI and poor interactivity after each comment, it was a painful, arduous, grinding task
And yet, it's now complete. All my trades are commented from
Congrats
@bp22
for having your
@worldofwomennft
selected by the WoW community to be the exclusive
#NFT
auctioned in
@ChristiesInc
soon
The stature, brand, and imagery of
#WoW
NFT is going higher and we are still, very early.
Farmers obsesses about points on
@friendtech
but that was just the first carrot stick to create a network effect.
The true value of
@friendtech
is the platforms incentivising of creator through its fees structure when network effect is unlocked.
V2 will likely push on this
ive made 100e+ off fees so far this cycle, that's like a mid level software engineer's salary at current eth prices ($350k)
hard for me to see how non-crypto influencers don't realize this and try to convert their followers into crypto also
Would be nice to have more power tools as a creator in the room 🧠
- Add option for holders to react to post, increase engagement interaction
- Stats for room. How many posts made by each user, which posts had the highest reaction, understand which content works best getting
We've just completed an upgrade to make data load up to 10x faster in the friendtech app.
Thank you for bearing with performance issues as we continue to make improvements during the beta
In 6 months time, we're going to look back at
#NFT
prices that's gone 6 figures and think we're either really smart, or really stupid.
Either way, don't forget the connections and lessons you make along the way.
In lieu of v2
@friendtech
launch, a reminder to self that it has been a 8 months+ journey of delayed gratification with lots of time, effort, and capital poured onto the platform.
A reminder to self, not to react emotionally within the first few days of release and make an
This is a huge fundamental move that reaffirms a cultural movement through
#NFT
. More importantly is how the foundation blocks are laid down by
@worldofwomennft
to create a first class asset to reward ownership and ownership participation.
We completed the purchase of digital art from the highly acclaimed World of Women non-fungible token (
#NFT
) collection, our first foray into this rapidly growing asset class.
@worldofwomennft
#ETH
#NFTCommunity
Imagine if
@friendtech
identifies Sybil bots farm point and redistribute back to organic users
Imagine if
@friendtech
uses that nice $24m in revenue back to users in rake backs
Imagine leaving this much on the table and quitting now halfway to the finish line.
Can't be me....
A lot have not understood systemic risk when they played this game in
@friendtech
.
Some have taken a big amount of losses and the stress is unbearable.
During these moments, be kind, be compassionate.
We continue rebuilding for the long game
As the system flushes in
@friendtech
now is the time to really see who is actually in it for the long haul. Manage YOUR systemic risk but find long term value holdings that are going to collaborate towards the end game
Have taken a 25% haircut this week but looking to deploy
@worldofwomennft
just solidified themselves are the premiere brand for an NFT community. They are going to bring their mission statement and continue to spread the work on inclusion to more eyes.
This is the way
Don't let the institutions steal your points
They could have been in the arena making friends
They chose not to
If they want to dump tokens, they will have to pay the market rate to willing sellers first
Enjoy the sidelines
My thoughts on
@friendtech
becoming a reputation layer in my 4 weeks exploring the ecosystem
There's few cycles to this growth as shared by
@0xDith
. How does this continue changing so that it is not just a capital deployment game should reputation layer becomes a reality
What if i tell you there's a way to potentially get >200% APY and all you have to do is engage with users, and if you keep up with activity, might also get 5% fees each time someone wants to interact with you?
I woke up today to a tune of over 150 new email offers for my
@worldofwomennft
NFTs
That's when I know there's high liquidity
Excited to see someone was as bullish as me and bought 190 WoWs in less than an hour
No,I don't have 190. Enough to set myself up if my thesis is right
@friendtech
airdropped it's very first points in v1 beta 253 days ago
Since then..
👤901,660 users
💲$593,283,023 in total volume
💰 16,760Ξ fees generated for
@friendtech
🔂 8,600,000 keys traded
🪙 90,000,000 points distributed
Closing the chapter on v1, and opening v2 this
We just did our first Friday Points Airdrop to 44k users.
Some reminders:
- 100M points will be distributed during the six month beta period
- Airdrops happen on Fridays
- Points are recorded off-chain
- Points will have a special purpose once the beta period ends
The ultimate case of incentivisation
- Any token airdropped that has generous financial incentivisation will generate another network effect event regardless of the existing sentiment of the platform. The ultimate hated rally.
- No incentivisation especially on the financial
Two months on from this post, the sharp reversal in sentiment for
@friendtech
from the absolute ravine of vibe to extreme euphoria right now with the narrative aligning with user base that's acutely sensitive to financial incentivisation
Not much of W to show for financially
However, my biggest win in the bear market were the genuine friends you make along the way.
Like it, hate it, resent it, loathe it, financially painfully,
@friendtech
presented the opportunity to connect people through a shared goal (farm,
Whole meta is now VCs and investors thistle whistling about low float high fdv yet not giving a side eye on
@friendtech
that launched with 100% community distribution and full unlock on TGE.
Wondering if it's because they didn't have an allocation themselves to distribute to
@Cbb0fe
@friendtech
True validator on FT providing capital and innovative concept.
@friendtech
won't be where it's at without the team at
@Cbb0fe
pushing the forefront in this.
Onus is on
@friendtech
to provide more comms and transparency in certain aspect.
Still committed to long term oriented
#SoFi
experiment on
@friendtech
I have now consistently put in 10+ hours daily cumulatively for the past 6 weeks and not looking to stop because there's genuine opportunity to learn, grow, connect and enrich in more than one ways.
Nothing
I've been full time on
@friendtech
for the past 3 weeks spending 8+ hours daily minimum
I love to create organic connection and some of the best ones are the foundation of my network growth.
There's plenty of opportunity here, would like to meet more people.
DMs open!
@iamDCinvestor
$1M marketing fees is not much these days.
The reach and incessant talking about it will go on for that time.
Balaji will win either way with the exposure
My man, why not just bunny pill them and give them the
@friendtech
experience.
Its the most crypto native social experiment and everything being transparent + on chain.
Almost takes them away from the CT mess and throws them into the trenches if they truly want to be crypto
@zachxbt
brody they could be an only fans girl, nfl athlete, superstar rapper, top tier artist, up & coming musician
i do not give af, if they are not harming people, I will try to help them & their communities get onchain
I am in process of helping athletes & celebs already
The way we could see
@friendtech
usurping and becoming the new upcoming powerhouse is through a social capital re-allocation where the user base itself is enriched.
We are seeing in real time now how the crypto ecosystem is becoming a force for the previous upper class and
I want to write something bullish about
@friendtech
but may be not yet. There's huge amount of pain points out there.
Time to understand that we played the game wrong, and still looking back at what it's supposed to be
A socialising platform
1) The current low liquidity in NFT is just a teaser of what happens when
A) You punt on bad NFT projects
B) The real NFT bear market
Notice I say teaser? That's because this isn't the end just yet.
@friendtech
observation
It's funny that most of the jeeters and bad players of the
@friendtech
games, big profiles are rocking Apes and Azuki.
The punk community, Pudgy penguin, DeGods community remains some of the most loyal, stalwart, and vibest users on the platform by far.
Committing to the long term grind and forming organic connections on the platform to ensure integrity of the game continues.
8+ hours daily grind? no problem!
Happy to align with anyone with the same incentivisation and form connection as we grow.
@friendtech
Key/Stock Profile
Starting or wanting to grow your SoFi
@friendtech
account?
Follow my journey as I do a deep dive into the FT protocol 🌎
I am intending to allocate more time ⌛️, capital 💰, and tools 🔧 to see how far this can go
Here's my chat room bio..
🧵
You have full commercial rights to your WoW.
If anyone uses your WoW , they have to share 50% with you.
Dual licensing.
Watch this project in 6 months. Watch as people leverage this brand. Watch as you gain value being part of this exclusive brand.
📜
@friendtech
𝐂𝐡𝐫𝐨𝐧𝐢𝐜𝐥𝐞𝐬 - 𝐓𝐡𝐞 𝐞𝐯𝐞𝐧𝐭𝐬 𝐨𝐟 𝐖𝐞𝐞𝐤 𝟏𝟑
There’s been two big cascade sell events on FT in the current beta cycle. The first one happening on week 9 and then the big one just recently in week 13. Cascade sell offs occur when an unwind by
Look at
@worldofwomennft
. Nobody loved it at 2E. Now everyone's loving it at 8E
To early
@worldofwomennft
holders PFP before it became cool, this is to you
It is in projects best interest to keep their valuation high. Collectors in this space is mainly driven by $$$ and strong branding is what keeps them wanting more.
Always build a strong brand if you want to survive nft on the main chain.
We're seeing more transactions coming through
@friendtech
these past two months with life coming back on that platform.
However, it still pales in comparison to the volume generated from July - December 2023.
v2 launch will be a new liquidity event and a launch pad for many
1/ REMIX! project
REMIX! is a utility driven universe created and backed by the
@ApeDao_
. Owning 1 REMIX! NFT provides exclusive access to these utilities. Moreover, the DAO will give NFT users a one time off incentive of $APED tokens in near future based on the REMIX! tier
Self Bets are your best bets.
Doing things prudently and using
@friendtech
organically is best way instead of tweaking hard each week.
I did this for a little fun optics experiment 2 weeks ago whilst the self hold key nerf was big.
Maximally farming wasn't my purpose but
In
@friendtech
the best bet is self bet.
After that, is your circle of loyal holders.
When everyone is selling own keys at a-t-h, I am buying my own keys at current a-t-h.
Pass the points back to your holder.
@MoonOverlord
I don't think $ARB airdrop did anything except for lots more crypto twitter threads coming up on how to farm for the next airdrop.
$pepe mooning for some reason hasn't hit critical mass even though it's at $700m marketcap.
Havent' heard anything in my cab ride yet
All you monsters that jumped from
@friendtech
to
@farcaster_xyz
are ..monsters.
Probably after this stint with FriendTech, there needs to be perhaps a protocol that focuses more on Social with the right incentivisation that doesn't involve huge capital deployment, or at least a
More $LOOKS or more
@worldofwomennft
Why not both by buying
@worldofwomennft
on $LOOKS marketplace to get reward
PS: I bought more $LOOKS to stake anyway because why not
15) For more information, I highly recommend going into the project's discord and get more information ASAP. Whilst there will be ongoing releases, the first 3 is coming out early November!
I've been full time on
@friendtech
for the past 3 weeks spending 8+ hours daily minimum
I love to create organic connection and some of the best ones are the foundation of my network growth.
There's plenty of opportunity here, would like to meet more people.
DMs open!
Committing to the long term grind and forming organic connections on the platform to ensure integrity of the game continues.
8+ hours daily grind? no problem!
Happy to align with anyone with the same incentivisation and form connection as we grow.
My friend bought two
@worldofwomennft
on your platform which had no !!!! or any notice attached to it. 2 days after that, you just add !!! and then lock the access to it on
@opensea
. This sets dangerous precedence and I have so much fear buying now as you just throw the ToS on us
5)
#1
Release on The Collectives
The first release under The Collectives will be created by
@Dario_Desiena
. This will be his FIRST generative art release and it available to be minted by REMIX! holders with mint token. This will contain 1/1, and extremely rare pieces
So the
@ApeDAORemix
team just commissioned a special artwork from
@CyberPunkApes
to be free claim for Silver and Gold tiered holders today. A 30 special halloween edition pieces that is befitting the theme of this halloween. Scarily good
I love this take on
@friendtech
$FRIEND
Not because it's right but because people are dismissing the token based on inference of feelings towards team/user base but not looking through the current network effect and the stickiness factor of the user base.
The sentiment reminds
Bottom sold the airdrop above $2
The bottom fell out
Will keep an eye on this, for curiosity's sake, how much can a bad team nuke a good idea
How much does the vibe actually matter?
How much does a bad crowd matter?
We'll see
You'd want to be building your product and brand using a social media platform modular to crypto the likes of
@friendtech
when the next bull cycle hits.
It'll create a network effect that's stronger than ones before this as the years spent by builders and validators of protocol
Watch for projects that listens to community but also has strong foundation, clear vision. Artists that focuses on just art without building a community will struggle initially.
Art + Community + NFT = Success
Don't alienate community. Don't forget art. Build on NFT
If
@twitter
allowed payments through metamask, you'd see way more people buying into twitter blue
#NFTPFP
#NFTProject
#NFT
People way more willing to pay 0.001E than $2.99