Cryptocurrency Markets trends changes at a rapid pace. To remind; In the distant past, Ethereum-based projects fell like a bomb on the agenda. After that, NFT and metaverse oriented projects became popular. Recently, artificial intelligence and Web3-focused projects have been discussed. Now a brand new era has arrived in the cryptocurrency markets. “friend.techThe system called ” is one of the problems everyone who invests in cryptocurrency has been talking about lately.

From August 10, according to some “revolution”, according to some “decentralized social media”, according to some “ponziFriend.tech, which is described as “allows investors to make money through content producers. The very good advertising of the system has increased investor interest in friend.tech. In the first 24 hours more than 30 thousand In the system where the transaction is executed, if we consider that 24 thousand ETH (1 ETH = $1,662), the money entering the system is approximately 40 million dollars) has been processed. In addition, the money invested in friend.tech increases a little more every minute.

So how does the friend.tech system work?

To use friend.tech you must first have an X -aka Twitter account. After integrating the account you opened at friend.tech with the X account, you can use Coinbase’s “Base” network with at least 0.01 ETH (about $16.62 USD). When you perform these operations, you will be included in the system. Good after you join friend.tech how can you make money?

This is where it starts to get complicated. As soon as you log in to friend.tech, the X accounts of the names you follow will follow recognized as a company and you see them marketed as stocks. Yes, you heard right. Recall that Webtekno’s X account is a publicly traded company. If you want, you can invest in Webtekno and earn money from it.

How do stocks gain and lose value?

Whether a stock gains or loses value depends entirely on the status of the profile, according to friend.tech. Suppose a profile is very popular, has a lot of interaction and reaches more and more people. In such a scenario, the stock value rises. Otherwise, shares will lose value. By the way, let’s say the account holder earns a 5 percent commission on every transaction you make. Friend.tech, on the other hand, takes a 10% commission on every transaction.

One of the features highlighted during the marketing of the system is direct communication. Suppose you are one of the users who invested in Webtekno. In such a case you can contact us quickly. Some phenomena claim that this is a revolution. As a result, it is very difficult for accounts with hundreds of thousands of followers to track the DMs sent to them. Communication with this method it will become easier it has been said.

Everything friend.tech says is good: but is it really true?

The team is overconfident and thinks it will bring about a revolution. However, let’s say there are some things you should be aware of regarding the friend.tech system. Just yesterday, friend.tech’s alleged hacking It fell like a bomb. Reportedly, the personal data and wallet accounts of about 100,000 users were leaked. However, the team said this is not a leak, as anyone who scans the friend.tech API can access this data. According to the team, the data revealed investor safety does not threaten.

In addition, there is the application dimension. friend.tech is a system that can be used on mobile devices and has not yet done so not work smoothly. In our social media scans, we see that many users are experiencing issues such as hangs and crashes. In fact, the private messages are sent by the phenomena they support because of the problems experienced those who cannot see there even is. On the other hand; When you integrate friend.tech with your X account, you give very broad access permission. friend.tech at X for you can share.

There’s something even more dangerous than all of this: the friend.tech team is hiding its identity!

Let’s say that the leaked data is really insignificant and the problems in the application are also from the beta version. So everything is fine. This time we are faced with something more striking. So much so that who or who is on the friend.tech team Unknown. Developer team members prefer to hide their true identities. Also, the project does not have a white paper. If you search their site, you can’t find any sane information about what friend.tech is. The only thing known about the team is in the past. The name of the head of the sunken projects called TweetDAO and Stealcam. He is also the founder of friend.tech…

Do you think friend.tech is a revolution, a social network or a ponzi? Don’t forget to share your ideas with us…

• Editor’s Note: Remember that crypto assets are risky investment tools and you need to be careful with every step you take. Remember how many sunken projects there are in this sector. Keep this in mind when investing. And above all, don’t go after a phenomenon. Even when buying Bitcoin (BTC), do your own research.