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Trading, giveaways, airdrops: 3 ways to profit on friend.tech

Updated: Jul 30, 2024
Published: Aug 25, 2023
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Let’s do a thought experiment!

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Think of the biggest celebrity you know – in music, sports, Hollywood, wherever. 

Try to think of that celebrity as a business with tradable shares.

Now, assume that you could have bought shares in this celebrity just at the start of their career. Think of it like buying shares in Beyonce before she became famous.

The opportunity to do stuff like that wasn’t available back then.

But we now live in the best of times. A cool new Web3 project allows you to invest in your favourite brands, and we are here with all the juicy details.

The best part is that we included every tool you need to score big wins on the platform.

Sounds exciting? Let’s go!

TLDR 📃

  • friend.tech" is a Web3 project allowing investment in brands by buying "keys" representing shares in people's popularity.
  • Over 112,000 users have earned $20 million in profits, with top traders making 455 ETH ($750,000) in two weeks.
  • Opportunities include buying and selling keys, exclusive giveaways, and airdrop farming.
  • We’ve gathered the bots, graphs, and data points you need to maintain every competitive advantage.
Disclaimer: Not financial or investment advice. Any capital-related decisions you make are your full responsibility.

What is friend.tech? 🤔

Friends tech has exploded on the scene as the newest web3 social network, and it’s now one of the most interesting ways to make money in crypto. Primarily, it allows users to buy shares (now called “keys”) in other people

The more popular a person’s brand is, the more valuable their keys will likely be. Now, everyone from NBA players to OnlyFans creators, and Twitter influencers are creating accounts to cash in on the momentum.

If the person is popular, many people will be interested in owning their keys; increased demand often increases prices. You can also take a different route and invest in rising stars rather than big-name celebrities – it’s like buying a Picasso painting before Picasso became the Picasso.

And as expected, you can sell the keys for a profit. The transactions happen instantly because it’s all on Base, the latest L2 powered by Coinbase. 

Buying a key also grants access to an exclusive chat with the user whose key you buy. You can only see messages sent by users if you own their keys.

By the numbers: Is friend tech worth your time? 📈

The idea sounds simple, but the numbers are staggering.

The platform has 112,000 users who have raked in a massive $20 million in profits.

The top 10 traders alone have made 455 ETH - that’s $750,000 in only two weeks! 

And yes, those gains are pure profit because friend.tech is built on Base - gas fees are practically 0.

The opportunities - How to make money on friend.tech 💰

We’ve outlined three main possibilities to make money on friend.tech. Buying and selling keys, joining exclusive giveaways, and airdrop farming. Let’s unpack them.

Buying and selling keys 🤝

Buying and selling keys is the most immediate opportunity. The prices of keys start really cheap, only about 0.001 ETH!

Interestingly, the prices of keys aren’t linear; they follow a bonding curve, as shown below. 

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The more users buy a user’s keys, the faster their price rises. This means getting in early is the key to making the most money. 

Right now, the most expensive keys are Cobie’s at 1.64 ETH - he’s also the #1 trader on the platform by profits. If you were the first to invest in Cobie, you would have made a 1640x return!! 

However, keys from popular people often get bought up fast. But not to worry,  we will hook you up on a bot that gives you the same advantage – keep reading.

If you take the route of buying and selling keys, the most important to note is that due to the bonding curve, profits rise quickly, but they drop just as fast if not realised. We recommend taking profits relentlessly.

Hunting for giveaways 🎁

The second way to make money on friend.tech is to hunt for giveaways. This method is dependent on chance. Influencer accounts often run giveaway campaigns, but more and more everyday users have started offering giveaways to incentivise users to buy and hold their keys.

For instance, Anonymoux has given away a Nakamigo (worth 0.3 ETH at the time of writing), and he will give away a Max Pain by XCOPY next (worth 0.33 ETH at the time of writing). Mooncat2878 has also given away a Nakamigo, and even smaller accounts like ESK have raffled off sniping bot memberships (worth 0.4 ETH!).

Farming Airdrops 🪂

Finally, the airdrop farming. 

Friend.tech doesn’t have a token yet, but there are indications it will launch one. Now, when it does – that’s where the airdrop farming comes into play. So, do you qualify for the potential airdrop tokens? It’s simply by using the platform.

Activity on the network is rewarded with points, which are earned weekly. Everyone agrees that when point distribution is over in 2 months, those points will be the basis for a token airdrop

The more keys you buy on the platform, the more points you get. Selling doesn’t hurt your score; on the contrary, it gives you the firepower to buy more!

There’s no limit on how many points can be earned, so the more active you are, the more points you can expect to make to qualify for more airdop tokens.

Key tools for securing the friend.tech bag

We’ve gathered tools across two categories, bots and graphs, to give you the upper hand on every trade. We recommend bookmarking this page for easy reference.

Bots to do the heavy lifting 🤖

We’ve got three bots that’ll give you oversight and a competitive advantage in the market. Two of them notify you, and the 3rd can act on your behalf. Let’s take a closer look.

Bots for notifications ‼️

The first bot sends you a TG ping when a new user signs up, and the second only pings for new influencers on the platform.

You can use these same bots within Telegram to follow price updates for accounts you get pinged about. You’ll see a “Click here to track” button that’ll send you those price updates.

The links below will take you to the Telegram chats where the pings are sent.

Bot for sniping 🔫

The final bot in the list is a sniping bot. You’ll load it up with some ETH, set some parameters, and put it to work, making trades for you. While risky, this is a solid way to ensure you’re one of the earliest to buy a new user’s keys.

Follow the instructions in the link below, and your bot will be set up quickly.

Keep track of the market 🧑‍💻

Because you are trading keys subject to high volatility driven by sentiments, it is important to keep your finger on the market’s pulse for keys

Trade keys on computers 🔑

Friend.tech is only available as a mobile app, but this first tool, FriendsMEX, helps you buy and sell keys on your computer. It also shows sophisticated graphs for individual key prices you can’t find anywhere on the app. This one’s a no-brainer.

Track market pulse 🩺

Second, we’ve found a Dune dashboard that’ll help you keep your finger on the market’s pulse. It has many metrics you can check on anytime to see how the market’s feeling.

Track market health 🏥

Finally, we’re keeping an eye on the balance of ETH in the contract. The more the number grows, the more profits are being re-invested into new shares. A down-trending number means people are taking profits off the platform entirely. As of writing, there’s just under 3500 ETH in the contract.

Here are a few risks to keep in mind before diving in 🧳

Friend.tech sounds exciting, but there are some things to watch. 

The first is regarding how rapidly prices can dip. The same bonding curve responsible for meteoric rises can cause very fast dips in price. We advise caution and remember that you can use friendsmex and the Telegram bots above to follow price movements on keys you’re interested in.

The second risk is that signing up to friends.tech gives the platform significant access to your Twitter account, including the ability to make posts on your behalf.

A quick workaround once you’ve signed up is to safely revoke that access by going to “Settings” >> “Security and account access” >> “Apps and sessions” >> “Connected apps” >> friends.tech >> and click on “Revoke app permissions.”

The playbook for getting onboard friend.tech ✅

Here’s how we’re using all the above tools to pull in profits on friend.tech. Feel free to follow along, and good luck!
  1. Go to the friend.tech website on mobile and go through the steps to sign up.
  2. Bridge some ETH to Base and send it to your friend.tech wallet. Our favorite bridge is Orbiter
  3. You’ll start with one of your keys. Next, find an account you’d like to buy a key for. The Telegram bots we listed should come in handy here.
  4. Before buying the key, visit FriendsMEX to see how that key has performed over time.
    • To buy directly on FriendsMEX, go to the friend.tech app and tap on your ETH balance in the top right, export your wallet, and import the account into MetaMask.
  5. Buy the key, and you’ll have access to that person’s exclusive chat room. Check if they’re doing a giveaway.
  6. When the key price rises by a decent margin, sell and don’t look back. Profits are profits.
  7. Once you’ve got in the flow, set up your bot to be the first to get in on hot new accounts.

Cryptonary’s take 🧠

friend.tech is a new frontier of opportunity, and people are already booking profits on the platform. 

Excitement is likely to continue at least until the airdrop happens. So, there’s a chance that the frenzy will likely continue for at least the next two months when the airdrop launches. After that, no more points will be distributed; you can take that airdropped token to the bank. Take profits along the way, and have fun!

No one knows how friend.tech will evolve, but our job at Cryptonary is to bring you the most exciting opportunities in Web3. And right now, the numbers say Friend.Tech looks interesting.

As always, thanks for reading! 🙏

Cryptonary, out!

 

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