friend.tech Opens $FRIEND Token Transferability Ahead of Friendchain Launch

Bittime - Friend.tech has opened the transferability whitelist for $FRIEND tokens for all Externally Owned Accounts (EOA) and smart contracts. This step was taken in preparation for the network launch of Friendchain, which is expected to bring major changes in the Web3 social ecosystem.

Friend.tech Migrate from Base to Friendchain

On June 9, FriendTech announced its plans to migrate from Coinbase's Layer 2 network, Base, to their new network called Friendchain. This network was built in collaboration with blockchain infrastructure provider, Conduit. This migration aims to create a more decentralized and efficient environment for users of this social protocol.

$FRIEND Token as Gas Token

friend.tech also stated that their native token, $FRIEND, will serve as a fully transferable gas token on the network Friendchain. Although the specific timeline for this migration has not been disclosed, friend.tech promises to continue to provide updates to users as the blockchain development progresses.

Opening of the Transferability Whitelist

Opening the $FRIEND transferability whitelist is the first step in this migration process. By opening up transferability for all EOAs and smart contracts, friend.tech provides an opportunity for more users to prepare for launching Friendchain. This move is also expected to increase liquidity and adoption of the $FRIEND token in their ecosystem.

Friendchain Advantages

Migrating to Friendchain is expected to provide a number of benefits for users. The new network is designed to offer faster transactions, lower fees, and better security. Additionally, by using $FRIEND as a gas token, friend.tech hopes to create a more efficient and user-friendly ecosystem.

Why does friend.tech Migrate to Friendchain?

Migrate to a proprietary network allowing friend.tech to have complete control over their infrastructure. This is essential in creating truly decentralized and autonomous social protocols. With this complete control, friend.tech can implement new features and improvements more quickly, without having to rely on third parties.

Impact on Community friend.tech

For the friend.tech community, this migration brings great hope. Adoption Friendchain is expected to strengthen Web3's social ecosystem, offering more opportunities for developers and users to interact and transact more efficiently.

Additionally, with the growing popularity of the use of smart contracts, friend.tech is well positioned to become one of the leading social platforms in the blockchain world.

How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.

Monitor graphic movement Bitcoin (BTC), Ethereum (ETH), Solana (SOL) price and other cryptos to find out today's crypto market trends in real-time on Bittime.