Connect with us

Altcoin

FriendTech Token Launches, Airdrop & Version 2 Go Live

Published

12 months ago

on


The much-anticipated launch of the native token for FriendTech, a pioneering Web3 social media platform, marks a significant milestone in the evolution of decentralized networking. Following months of development and preparation, the Friend token has been officially introduced and is now actively trading on its decentralized exchange (DEX) hosted on the Base network. Market data compiled by DexScreener reveals that the Friend token is currently valued at $3 per unit, boasting a circulating supply of approximately 14.5 million tokens.

FriendTech has garnered attention for its innovative approach to social networking, notably through its exclusive networking service that leverages social tokens known as “Keys.” These Keys grant users access to specialized chats and premium content from creators, fostering a sense of community and exclusivity within the platform. FriendTech originally made waves when it launched on the Ethereum Layer 2 network Base back in August, positioning itself as a frontrunner in the burgeoning realm of decentralized social media.

FriendTech Conducts Token Airdrop Alongside Version 2 Launch

In a strategic move to engage and incentivize its user base, FriendTech has initiated a token airdrop concurrent with the rollout of its eagerly awaited version 2 (v2) platform. This latest iteration introduces users to a slew of new features aimed at enhancing their overall experience. One notable addition is the introduction of “Clubs,” designated community spaces owned and operated by key holders. Within these Clubs, users can engage in discussions, share content, and foster connections within their respective communities.

Transactions within these Clubs will be facilitated using Friend tokens, the platform’s native currency, with a nominal 1.5% fee allocated to liquidity providers on the DEX. To participate in the token airdrop and claim their share of tokens, users are required to fulfill specific criteria. This includes joining at least one Club and following a minimum of 10 users on the FriendTech platform, encouraging active participation and community engagement among users.

Also Read: Robert Kiyosaki Portrays Crypto Market Crash As “Time To Get Rich”

FriendTech Delays Token and Version 2 Launch, Prepares for Airdrop

Despite initial projections for an April 29 release, the launch of FriendTech’s token and version 2 platform has encountered a slight delay, now slated for a later date. The announcement, made by FriendTech on April 27, cited additional preparations and optimizations as the rationale behind the postponement. However, progress continues unabated, with FriendTech affirming the completion of the necessary snapshot for the forthcoming airdrop distribution, scheduled for today May 3.

Despite the temporary setback, FriendTech maintains its prominence within the Base network ecosystem, currently ranked as the ninth-largest protocol by total value locked. According to insights provided by DeFiLlama, FriendTech boasts an impressive total value locked of approximately $30 million, showing its significance within the decentralized finance landscape. As anticipation mounts for the impending launch and airdrop, stakeholders eagerly await the next chapter in FriendTech’s journey towards redefining the future of social networking on the blockchain.

Also Read: Shiba Inu News: Shibarium Hits New Milestone With Bor & Heimdall Hard Fork

✓ Share:

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Expert Reveals Current Status Of 9 Ripple ETFs

Published

49 minutes ago

on

April 16, 2025

By


As the Ripple vs SEC lawsuit nears its conclusion, the anticipation surrounding XRP ETFs has reached a fever pitch. With multiple asset managers receiving green light from the US Securities and Exchange Commission (SEC), the community is eagerly awaiting the regulator’s approval.

Offering a closer examination of the XRP ETFs’ current status and their possible approval dates, expert All Things XRP shared a series of X posts. Let’s examine the expert’s views and the spot Ripple ETFs’ possible launch.

Expert Reveals Possible Dates for Spot XRP ETFs Approval

In a recent X post, All Things XRP, a Ripple expert, shared insights into the current status of all nine spot XRP ETFs. Top asset managers Bitwise, Canary Capital, and 21Shares have officially tossed their hats into the XRP ETF arena, with the US SEC acknowledging their applications.

While the XRP community is eagerly awaiting the SEC’s regulatory approval of the Ripple ETFs and their potential launch, All Things XRP revealed crucial dates. All nine XRP ETF applications have cleared the initial hurdle, receiving formal acknowledgment from the US SEC, and are now awaiting further review.

Bitwise, 21Shares, Grayscale & Canary To Receive Approval in May

According to All Things XRP, the ETF applications submitted by prominent asset managers like Bitwise, 21Shares, Grayscale, and Canary Capital are poised to receive approval in May 2025.

Bitwise

Reportedly, investment giant Bitwise applied for its spot XRP ETF on October 2, 2024 and received the SEC’s recognition on February 18, 2025. As cited by the expert, Bitwise is expected to gain regulatory approval for its ETF by May 18, 2025.

Canary Capital

Canary Capital’s XRP ETF application, filed on October 8, 2024, and acknowledged by the SEC on February 18, 2025, is pending approval, with an expected decision date of May 22, 2025.

21Shares

21Shares filed for a Ripple ETF on November 1, 2025. The firm received green light from the US SEC on February 14, 2025. As highlighted by the expert, 21Shares also expects a regulatory approval for its ETF by May 22, 2025.

Grayscale

Investment behemoth Grayscale, which filed to convert its XRP Trust into an exchange-traded fund on January 30, 2025, secured the SEC’s acknowledgement on February 14, 2025. The expert predicted that the SEC will legally approve the platform’s Ripple ETF by May 21, 2025.

Asset Managers Pushing for XRP ETF Approval in July-August

Furthermore, All Things XRP pointed out that asset managers like WisdomTree and CoinShares are expected to gain approval for Ripple ETF launch by August.

WisdomTree

Filed on December 2, 2024, WidsomTree’s XRP ETF received the SEC’s recognition on February 19, 2025. Reportedly, the asset manager will gain regulatory approval for its exchange-traded fund by July 2025.

CoinShares

CoinShares submitted its XRP ETF application on January 24, 2025. The SEC acknowledged the application on February 19, 2025. And now, the platform expects its ETF to be approved by the Commission by August 2025.

All 9 Will Be Approved By December, Says Expert

Moreover, the expert predicts that all nine ETFs will be approved in 2025. This development comes on the heels of increasing whale activity within the XRP community.

ProShares

ProShares filed and received recognition for its ETF on January 17 and March 3, respectively. Further, the ETF is expected to gain SEC’s approval by November 2025.

Volatility Shares

Volatility Shares applied to launch its XRP ETF on March 7, 2025. The SEC recognized it on March 24. The estimated approval date for the ETF falls by December 2025.

Franklin Templeton

Franklin Templeton filed to launch its Ripple ETF on March 11 and gained recognition on March 27. As per the expert insights, the platform is expected to gain regulatory approval for its ETF by December. Recently, NYSE Arca approved the listing and registration of Teucrium’s 2X Long Daily XRP ETF.

✓ Share:

Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Ripple Whale Moves $273M As Analyst Predicts XRP Price Crash To $1.90

Published

3 hours ago

on

April 16, 2025

By


In the latest development within the Ripple community, a whale moved $273 million worth of XRP, contributing to increased activity. If XRP continues to face rejection at the $2.17 mark, its price could drop to $1.90 due to the whale activity and unfavorable technical indicators.

Whale Transfers 131 Million XRP In A Single Transaction

A Ripple whale has created a buzz in the ecosystem following a hefty transfer of XRP between wallets, leaving investors scanning the horizon. According to data from Whale Alerts, the Ripple whale moved 131,000,000 XRP between two wallets in a single transaction.

The market value of the moved XRP stands at a staggering $273 million, stoking speculation for an incoming dump. Per the announcement, the wallets involved in the transfers are unknown as investors scan the horizons for clues about the heightened whale activity.

“131,000,000 XRP (273,945,648 USD) transferred from unknown wallet to unknown wallet,” read the Whale Alert post on X.

There is increased chatter that the wallets may belong to an exchange but details remain under wraps. In this scenario, the transfers are a primer for a massive sale that will adversely affect the XRP price. Typically, whale activity piques the interest of retail traders, stoking panic that leads to sell-offs even without the whale selling their XRP holdings.

Conversely, the whale activity may be an over-the-counter (OTC) transaction without any immediate impact on XRP price. However, investors have their eyes peeled on a chain reaction from other Ripple whales following the latest XRP transfers. A cascading effect is forming after a Ripple whale transferred $63 million in a single transaction barely 12 hours ago.

XRP Price Faces Stern Test At Resistance Level

Amid the rising whale activity in the ecosystem, XRP price faces an uphill climb in the push for higher figures. XRP price has previously attempted to breach the $2.17 mark but a streak of rejections have soured traders sentiments.

Cryptocurrency analyst CasiTrades notes that while $2.17 continues to operate as a ceiling, the XRP price will fall to a new support level. XRP is trading at $2.06 amid speculation that the XRP price has bottomed despite the rejection at the $2.17 level.

According to CasiTrades, XRP price is headed toward $1.90 but a steeper decline to $1.55 remains a grim possibility. CasiTrades predicts that prices will not remain stagnant at the new support levels, noting that the level will be “quickly bought up.”

“But if this rejection continues to play out, support at $1.90 and $1.555 remains firmly in play.

Over the last week, XRP price has gained 15% but whale activity has seen it lose 4% over 24 hours. The XRP ETF buzz and a potential SWIFT integration with Ripple could send XRP price beyond $3.

✓ Share:

Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Could Tomorrow’s Canada Solana ETF Launch Push SOL Price to $200?

Published

15 hours ago

on

April 15, 2025

By


The Solana community and crypto market are watching closely as the world’s first spot Solana ETFs prepare to launch in Canada tomorrow, April 16, 2025. With this key launch, the speculation has also grown about whether this milestone could push SOL’s price toward the $200 mark.

The Ontario Securities Commission (OSC) has approved multiple ETF issuers, including Purpose, Evolve, CI, and 3iQ, to list their products. This could potentially open Solana to a new class of institutional investors.

Comparing Past ETF Launches To Solana ETF

Bloomberg ETF analyst Eric Balchunas offers a measured perspective on expectations for the Solana ETFs. He noted that “Canada is readying spot Solana ETFs to launch this week after regulator gave green light to multiple issuers, including Purpose, Evolve, CI, and 3iQ. ETFs will include staking via TD.”

However, Balchunas cautions against expecting too dramatic a market reaction based on previous altcoin ETF launches. He points out that “the 2 Solana ETFs in US (which track futures so not a perfect ginnea pig) haven’t done much. Very little in aum. The 2x XRP already has more aum than both the Solana ETFs and it came out after.”

This is supported by Volatility Shares Solana ETF (SOLZ) statistics, which launched in March as the first financial derivative-based ETF tracking Solana. SOLZ has accumulated only approximately $5 million in net assets as of April 14. This reflects relatively weak investor interest in Solana ETF products to date.

The reception by Canadian investors may vary from U.S. futures-based products. However, experience has shown that investors must have realistic expectations towards short-term pricing effects.

Analyst SOL Price Forecasts Provide Divergent Outlook

Market analysts are offering varying estimates of SOL price prospects following the listing of the ETF. Some are predicting gains, while others are more cautious in their estimates, according to current market trends.

CoinGape has also published a detailed Solana prediction for April 2025. Analyst MANDO CT expressed optimism about the development, tweeting: “Bullish for the SOL community! ‘The world’s first spot Solana ETF is expected to launch on April 16th!’.

This positive sentiment was shared as SOL touched its “HIGHEST $SOL/ ETH WEEKLY CLOSE IN HISTORY” on April 14.

Analyst Momin suggests conditional upside. He noted: “Solana usually front-runs the market. If we see $SOL close above $120 on weekly, expecting it to visit $180 in [the] coming weeks!” However, Momin also cautions that “macro is uncertain due to random decisions.”

One of the more bullish perspectives comes from analyst BitBull, who draws parallels to Ethereum’s 2021 performance: “SOL 2025 = $ETH 2021. Just like Ethereum’s run in 2021, Solana is setting up for a massive move in 2025.” BitBull identifies an “Accumulation Zone: $120–$130” with a target of $300+, based on pattern congruity in chart behavior between SOL and ETH’s historical performance.

With all these points kept in mind, it is extremely unlikely that the Canada Solana ETF launch can propel the SOL price towards $200 in the short term. Assuming that the overall market is bullish and with continued fund inflows through the ETFs, Solana can witness a price surge in the short term.

✓ Share:

Vignesh Karunanidhi

Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io