{"id":14187,"date":"2024-06-09T11:19:40","date_gmt":"2024-06-09T08:19:40","guid":{"rendered":"https:\/\/forklog.com\/en\/friend-tech-team-announces-transition-to-proprietary-friendchain-network\/"},"modified":"2024-06-09T11:19:40","modified_gmt":"2024-06-09T08:19:40","slug":"friend-tech-team-announces-transition-to-proprietary-friendchain-network","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/friend-tech-team-announces-transition-to-proprietary-friendchain-network\/","title":{"rendered":"Friend.Tech Team Announces Transition to Proprietary Friendchain Network"},"content":{"rendered":"<p>The developers of the decentralized social application Friend.Tech have announced the development of the Friendchain network in collaboration with blockchain infrastructure company Conduit.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019re pleased to be working with <a href=\"https:\/\/twitter.com\/conduitxyz?ref_src=twsrc%5Etfw\">@conduitxyz<\/a> on Friendchain, our own blockchain that uses <a href=\"https:\/\/twitter.com\/search?q=%24FRIEND&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$FRIEND<\/a> as a fully transferable gas token.<\/p>\n<p>We\u2019ll keep you up-to-date with all the info you need over the coming months as we build out this exciting new chapter. <a href=\"https:\/\/t.co\/HRa26vfFEX\">pic.twitter.com\/HRa26vfFEX<\/a><\/p>\n<p>\u2014 friend.tech (@friendtech) <a href=\"https:\/\/twitter.com\/friendtech\/status\/1799283480083435815?ref_src=twsrc%5Etfw\">June 8, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In the future, developers will migrate the protocol from the L2 Base network to Friendchain. The migration schedule has not yet been specified.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>\u201cWe are excited to work with Conduit on Friendchain\u2014our own blockchain that uses FRIEND as a fully transferable gas token,\u201d the announcement stated.<\/cite><\/p><\/blockquote>\n<p>The team has also opened pre-registration for the upcoming Friendchain testnet.<\/p>\n<p>At the end of May, Friend.Tech co-founder, known by the pseudonym Racer, <a href=\"https:\/\/forklog.com\/en\/news\/friend-tech-token-plummets-30-amid-migration-proposal-from-base\">announced plans to move the protocol<\/a> from Base. Following the publication, FRIEND reacted with a 32% drop.<\/p>\n<p>After the Friendchain announcement, the project&#8217;s token surged by 33% to $1.46. However, FRIEND then entered a correction phase. At the time of writing, the asset is trading at $1.2.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-09-v-11.11.37-1024x640.png\" alt=\"Snimok-ekrana-2024-06-09-v-11.11.37\" class=\"wp-image-234426\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-09-v-11.11.37-1024x640.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-09-v-11.11.37-300x188.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-09-v-11.11.37-768x480.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-09-v-11.11.37-1536x960.png 1536w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2024-06-09-v-11.11.37-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of FRIEND\/USDT on Gate.io exchange. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/FRIENDUSDT\/?exchange=GATEIO\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>On May 3, the Friend.Tech team <a href=\"https:\/\/forklog.com\/en\/news\/friend-tech-token-plummets-from-169-to-1-4-following-airdrop\">launched<\/a> the second version of the protocol along with the native FRIEND token. Initially, the coin plummeted from $169 to $1.4.\u00a0<\/p>\n<p>Less than three weeks after the launch of Friend.Tech in August 2023, some community members declared the project \u201cdead.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developers of the decentralized social application Friend.Tech have announced the development of the Friendchain network in collaboration with blockchain infrastructure company Conduit. We\u2019re pleased to be working with @conduitxyz on Friendchain, our own blockchain that uses $FRIEND as a fully transferable gas token. We\u2019ll keep you up-to-date with all the info you need over [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1321,1524],"class_list":["post-14187","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-base","tag-friend-tech"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14187","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14187"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14187\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14186"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}