friend.tech

175 reviews, 13% of them positive.13% positive · 175 reviews· Influence factor 148, above 29% of accounts

The record

From 31 activities · Apr 2026

Friend.tech launched as a promising SocialFi experiment allowing users to trade keys to private chat rooms tied to X accounts, generating $1M in fees daily at peak. The project rapidly collapsed due to poor execution, privacy leaks exposing over 100k wallet addresses, bot exploitation, and leadership abandonment—the team extracted $44M in fees while the platform froze. Critics describe it as a fee extraction and ponzi-like scheme that prioritized influencer dumping and short-term speculation over sustainable community value, leaving users disappointed after initial hype faded to a ghost town.

What people say

Received · 175 Given · 0

“Great potential but terrible team behind it”Probably the biggest flop in recent web3 history that didn't involve a hack. It had all the market attention and hype and for whatever reason the team behind it just did not capitalize. Seemed they just took their money and did minimal to grow the project. Was a big disappointment

Mr V · 1272· 1y ago · neutral9

“From hype to nothing.”I feel that It was a great idea that was all over Crypto Twitter, but then it (somehow) faded to total irrelevance. It is pitty that it was not executed more properly.

888mooncat.eth · 1289· 1y ago · negative10

“"GAVE UP"”They gave up too early lmao

Chaitu 🥝✨ · 1303· 1y ago · negative10

“Hype-driven launch with weak long-term fundamentals”Friend.tech attracted massive attention at launch due to the social-token hype and invite-only scarcity model. But under the surface, it lacked a sustainable value proposition. Most user activity revolved around speculation, not utility, and engagement plummeted once early farming rewards dried up. Despite onboarding some key influencers, the app failed to introduce new features or meaningful community mechanics. The drop-off in volume and retention metrics reflected this. Friend.tech became a case study in how virality without clear product direction leads to fast decay.

Hieu Truong · 1225· 1y ago · negative9

“SocialFi ponzi ran by unfortunate schizophrenic”

Deano (bas tard io) · 1940· 1y ago · negative30

“Dine and dash”They made enough, to not care and run with what they made

Melvin · 2088· 1y ago · negative46

“hype died down and was not used best”

Neil_from_Manila · 1242· 1y ago · negative19

“The favorite project of the “elite” CIS influencers.”I remember when all those “high-class” influencers from our region rushed to shill this nonsense just because it was making noise on Twitter. Good thing I didn’t jump in to download it or buy those weird shares of some random influencers for what? To get some so-called alpha in their private Frientech chat? Yeah right. Ridiculous. The project sank into oblivion rather quickly and without glory.

sangvin | Delovoy DAO 👔 · 1463· 12mo ago · negative17

“Skipped town”Great start but many shady things went down and now have a bad rep. glad they're gone

FFV · 1503· 1y ago · negative20

“名存实亡的项目”巅峰期已过，属于是历史残留产品，还可以继续参与，但没必要。

Dimple | 1350买的BNB · 1298· 1y ago · neutral13

“Friend tech”Restarted the socialfi Meta 2 summers ago. Everyone was bored and bought keys on base in the hope that it would be a sustainable app. However, the team stopped building after the TGE, and now no one uses the platform. Nevertheless, I appreciate the free stimulus.

𝗫𝗣𝗥𝗘𝗦𝗦𝗢 · 1383· 1y ago · negative15

“Abandoned”Felt like this was an extractive project from the start. Would not recommend.

dancerr · 1369· 1y ago · negative16

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