Chill Guy is a viral meme illustration that took social media by storm before a crypto project used the meme to launch a Solana-based token. Learn more here.

What started as a simple illustration of a laid-back dog has become a global meme sensation, with the cartoon character known as Chill Guy dominating both social media trends and cryptocurrency markets. Created by artist Phillip Banks in October 2023, the easygoing canine character sparked a viral movement that has attracted major brands worldwide.

This article follows Chill Guy’s transformation from a social media sensation to a cryptocurrency asset. We'll examine its viral beginnings, community growth, market impact and what potential investors can expect from CHILLGUY in the future.

 is a viral meme illustration by artist Phillip Banks, depicting a laid-back dog in casual clothes whose easygoing attitude took social media by storm before a crypto project used the meme to launch Just a Chill Guy as a Solana-based token.

What Does Just a Chill Guy Aim to Achieve?

The CHILLGUY meme coin aims to spread a "Why worry?" philosophy into cryptocurrency markets by embracing the laid-back, stress-free attitude that made the original meme go viral. The project transforms this easygoing vibe into a community-driven token, where being low-key isn't just a catchphrase — it's a shared mindset among holders.

The CHILLGUY community brings this philosophy to life by sharing endless variations of the CHILLGUY meme across social platforms. Through market swings and viral trends, CHILLGUY keeps his iconic pose: hands in pockets, subtle smirk, perpetually relaxed.

Just a Chill Guy (CHILLGUY) operates as a Solana Program Library (SPL) token on the 

 blockchain, leveraging the network's ultrafast speeds and low costs to ensure smooth trading. The token was created using Pump.fun, a specialized platform that lets users launch Solana-based tokens without any fees, removing traditional barriers to token creation.

CHILLGUY is a community takeover (CTO), meaning it's completely owned and directed by its token holders with no central team in control. This decentralized structure ensures the project stays true to its community-driven nature, its holders collectively guiding its future while embodying the laid-back spirit of the original meme.

The CHILLGUY token launched with a maximum supply of 1 billion tokens, of which 999,965,435 are currently in circulation. This near-complete distribution of tokens to the market supports active trading and community participation.

What makes CHILLGUY's tokenomics particularly notable is its widespread distribution across more than 142,000 unique holders (as of Nov 27, 2024), achieved in just 12 days. This rapid expansion of its holder base demonstrates strong community adoption and aligns with the project's decentralized, community-driven principles.

CHILLGUY has exploded across social media, especially on TikTok, where the meme has amassed hundreds of millions of views. Its laid-back character resonates with users worldwide, inspiring countless creative adaptations.

Major brands worldwide have embraced CHILLGUY in their marketing campaigns. From Sprite Europe to NFL on CBS, the character has resonated across mainstream media, even catching the attention of global figures like El Salvador's president Nayib Bukele.

The “Chill Guy” meme’s influence spans multiple social media platforms, with a growing community of followers: 96.6K on X (

). On the other hand, the meme token itself also has a vast community, with 39.9K on X (

) and an active Telegram channel of over 15,000 members. These numbers reflect the meme's ability to engage audiences across different platforms.

The token's popularity in cryptocurrency markets matches its social media success, with CHILLGUY maintaining a substantial 24-hour trading volume of over $330.03M as of Nov 27, 2024. This high trading activity demonstrates the strong market interest in CHILLGUY beyond its meme status.

Looking to trade Just a Chill Guy tokens? Bybit now offers the CHILLGUY/USDT Spot trading pair and CHILLGUYUSDT Perpetual contract. To get started, you’ll first need to create a Bybit account, then fund it with cryptocurrency and navigate to the 

While CHILLGUY has maintained strong trading volumes and continues gaining mainstream attention through its viral social media presence, investors should carefully weigh its strengths and risk factors before making investment decisions.

With its widespread brand adoption, sustained trading activity and explosive community growth of over 142,000 holders, CHILLGUY demonstrates significant market potential. However, meme coins are inherently volatile. Potential investors should 

 and invest no more than they can afford to lose.

CHILLGUY is the latest viral sensation to harness the power of the attention economy to convert social media momentum into crypto market success. While CHILLGUY has already demonstrated its ability to capture mass appeal, its position as a leading meme token will depend upon how effectively it maintains its cultural relevance and community engagement in this fast-moving market.

Intermediate

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Just a Chill Guy (CHILLGUY): Embracing the Art of Nonchalance

Zircuit (ZRC) combines optimistic and ZK rollups with AI-driven security, offering fast, low-cost Ethereum Layer 2 solutions. 

 network has flourished, mainly due to the ongoing network congestion, high fees and poor scalability of the latter. Many of these platforms use rollup technology, whereby batches of multiple transactions processed off-chain are bundled together and posted in bulk to the underlying Layer 1. Ethereum-linked rollups mainly come in two varieties 

 (ZK). While optimistic rollups boast lower computational overhead, the ZK variety of these networks features a higher degree of security.

Zircuit (ZRC) is a Layer 2 chain that adopts a hybrid approach, combining the elements of optimistic and 

. This lets the platform offer the performance benefits of optimistic technology along with the security of ZK validity proofs. To further enhance overall security, Zircuit uses a unique 

 (AI)–driven system of monitoring for malicious transactions.

 (ZRC) is a hybrid Layer 2 blockchain that combines the features of optimistic and ZK rollups, and uses AI-driven monitoring for potentially harmful transactions. 

 rollup development technology, a popular framework for building optimistic rollup networks. Additionally, it uses zero-knowledge proofs, which lets the platform offer the best of both worlds 

 the performance benefits of optimistic rollups and the security of ZK technology. Zircuit is 

The Zircuit project takes security very seriously, and has introduced a unique system of AI-based protection against malicious transactions at the sequencer node level. The use of ZK proofs and an AI-based protection system make Zircuit one of the most secure platforms in the competitive world of Ethereum Layer 2 chains.

Along with its excellent security benefits, Zircuit also boasts low costs, fast transactions, excellent scalability and 2-second block production intervals. All these features make it an ideal environment for 

 (DApps) in various niches, particularly 

 (DeFi). In fact, the leading protocols within the Zircuit ecosystem are all dedicated to the finance niche, with Zircuit Staking being the largest application by TVL.

With its heavy focus on DeFi, Zircuit aims to become a leading liquidity hub for various token types within the sector, including 

. These assets can be staked through the Zircuit staking program — supported by the platform's Liquidity Hub — to earn staking APRs, airdrop rewards and points based on the Zircuit Point program (covered further in our article).

The platform also operates a secure native bridging solution, 

, to help users transfer assets between its Layer 2 network and Ethereum Layer 1.

The company behind the project, Zircuit Ltd., was founded in 2021 in Canada by Dr. Martin Derka, Jan Gorzny and Angel Xu. Zircuit's testnet was launched in November 2023, but made headlines in April 2024 when the project reported that its 

 (TVL) had soared past $2 billion. While testnet TVLs are more a gauge of future potential for a blockchain than an indicator of its existing worth, the news attracted the attention of industry observers toward the platform. Following its highly publicized testnet success, Zircuit launched the first phase of its mainnet in August 2024. This was followed by the launch of the platform's native token, ZRC, in November 2024.

As a typical rollup, Zircuit uses an off-chain sequencer node to batch and organize Layer 2 transactions for subsequent posting to the underlying Ethereum Layer 1. The batches have ZK validity proofs attached to them to signal to Layer 1 validators that they’re free from fraudulent transactions. Zircuit's architecture also includes prover nodes, whose job is to produce these validity proofs.

However, unlike other rollups using ZK proofs (also known as validity proofs), Zircuit doesn't generate validity proofs for every block of transactions. Instead, some blocks have pre-generated template proofs, while others go through the process of having a dedicated validity proof created for them. After a few blocks featuring validity proofs, there are several more that utilize template proofs. The image below illustrates this approach.

The key reason Zircuit has adopted this form of proof design is that the process of generating ZK proofs is computationally intensive. By using template proofs for some of the blocks in a sequence, Zircuit can reduce the overall computational overhead. However, the project’s team has stated that the template proof model is temporary, and will be phased out in the future. At that stage, the platform will move to generating ZK proofs for each block.

Zircuit features a highly modular design whereby provers — responsible for generating validity proofs on the platform — can easily be plugged into or removed from the network. This modular approach is distinct from the standard ZK rollup design, in which provers are more tightly and less flexibly integrated into the overall architecture.

As noted earlier, Zircuit uses a dedicated sequencer to organize and batch transactions into blocks. The platform also applies AI-driven monitoring at the sequencer level (the Sequencer Level Security, or SLS) to spot and exclude fraudulent transactions before they’re finalized on Layer 2.

When transactions are first posted to Zircuit, they enter the 

 — a temporary area from which the sequencer picks and organizes individual transactions into blocks. The mempool is being monitored at all times, using AI algorithms to identify suspicious transactions. If a transaction in the mempool raises a flag, it's quarantined and assessed for validity before the sequencer can include it in a block. The image below shows how this process works.

One of the distinct features of Zircuit is its hybrid architecture, which combines the properties of optimistic and ZK rollups. At the base level, Zircuit is built using Optimism's Bedrock development framework, a technology popular for optimistic rollup networks. However, the use of ZK proofs — or, to be more precise, a combination of validity proofs and template proofs — ensures that Zircuit enjoys a security level that standard optimistic rollups normally can't match.

The use of AI-based SLS provides robust security to Zircuit, complementing the already highly secure ZK proof system. Very few Layer 2 networks in the industry currently feature anything similar, making the platform a true pioneer of AI use for sequencer-level operations.

Like any rollup based on Optimism Bedrock, Zircuit enjoys EVM compatibility. This allows for smooth interoperability with the underlying Ethereum Layer 1. EVM compatibility also makes it easy for developers familiar with Ethereum’s environment to develop Zircuit-based DApps, or to port existing Ethereum applications to the platform. Developers can take advantage of technologies commonly used for Ethereum (e.g., the Solidity programming language and the Hardhat development framework) to build Zircuit applications and smart contracts.

Zircuit Bridge is a native bridging solution designed to easily transfer tokens between Ethereum and Zircuit. It boasts high security, low transaction fees and fast transfers, and allows users to move a variety of cryptocurrencies between Ethereum and Zircuit, including ETH, 

) and LRTs like Super Symbiotic LRT (weETHs). As of late November 2024, the total number of cryptos supported by the bridge is close to 30.

Zircuit has launched a reward program called Zircuit Points. Users can earn these Points by staking supported assets, and by participating in the Build to Earn initiative (more on this below). Accumulated points will be converted to ZRC tokens in the future. Points also create the opportunity to qualify for token airdrops.

The primary way for most users to earn Zircuit points is via 

. The Zircuit Staking program lets you stake LSTs, LRTs, popular stablecoins, some wrapped tokens and Ether (ETH) to earn points. Using LSTs and LRTs, you can earn yields (along with native Zircuit staking APRs and Points) from the respective staking and restaking platforms that issue these assets.

Zircuit Points earned via staking have different multipliers, depending upon the asset. For example, Ether has a multiplier of 0.5, while LSTs, LRTs and stablecoins have a multiplier of 1. Multipliers for different LST and LRT assets may be subject to change in the future.

Build to Earn is another way to qualify for Zircuit Points. The program allows developers to contribute to the Zircuit ecosystem and earn Points in a number of ways, including:

Launched in November 2024, ZRC is the platform's native cryptocurrency. It's an 

 asset deployed on both Zircuit and Ethereum Layer 1. ZRC is mainly used for reward distributions, and participation in token airdrops for ecosystem DApps. Currently, transaction fees on the network are paid in Ether. It's possible that, in the future, ZRC might be used for some transaction fee payments.

ZRC is also used for rewards under the Gas Rebate program. As users conduct transactions on the platform, they 

. Zircuit’s Gas Rebate program provides rebates to offset some of the incurred fees. The amount of ZRC earned as a rebate is proportional to the amount spent on gas in ETH; the project's documentation states that for each ETH spent on gas, the user earns 125% in ZRC. All kinds of gas fee payments qualify for the rebate, including ordinary asset transfers and transactions involving interaction with Zircuit DApps.

ZRC is a supply-capped token, with a maximum and total supply of 10 billion. The token's supply allocation shares are as follows:

The ZRC token is available on Bybit's Spot market as a swap pair with USDT (

 to grab a share of the 5 million ZRC prize pool. New users who sign up for a Bybit account and complete identity verification can earn ZRC rewards by accumulating a deposit volume of at least 2,000 ZRC, or by depositing 100 USDT and trading 100 USDT worth of ZRC via their first trade with Bybit. 

Meanwhile, existing users can qualify for ZRC rewards by trading at least 500 USDT worth of ZRC on the Bybit Spot market, with the possibility of earning up to 10,000 ZRC based on trading volume. The 

 event will run through Dec 10, 2024, 8:59AM UTC.

Zircuit is among the pioneering Layer 2 platforms to adopt a hybrid design for a rollup network. Thanks to the platform's architecture, users can take advantage of low transaction costs, fast transfers and great scalability while enjoying the benefits of high security delivered by ZK proofs and AI-driven mempool monitoring. AI-based monitoring for fraudulent transactions is a particularly notable feature of the platform and is undoubtedly among the most advanced technologies employed in the blockchain industry.

User security combined with faster and cheaper transactions for the Ethereum network — all in one package — is now feasible, thanks to Zircuit's innovative technology and unique approach!

Advanced

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What Is Zircuit (ZRC): Where Performance Meets Cutting-Edge Security

Bybit is celebrating its sixth anniversary with the #Super6Bybit event, offering a $1.2 million prize pool and focusing on its bbSOL token.

Daily Top Performer — Virtuals Protocol (VIRTUAL)

On Wednesday, the S&P 500 fell 0.38% as tech stocks dropped and inflation data reinforced a hawkish Fed outlook. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 0.40%, with Bitcoin and Ether dropping by 1.86% and 1.79%, respectively in the past 24 hours.

Today's top performer is VIRTUAL, which surged 53.6% following the launch of the $MUSIC token by Agentstarter, featuring AI-driven music video capabilities and community-focused tokenomics.

Virtuals Protocol (VIRTUAL), founded in 2021, allows users to invest in and co-own AI-driven virtual assets like companions and influencers. Its model fosters community ownership, transforming AI agents into revenue-generating assets across platforms like Roblox and TikTok. The platform attracts contributors from AI and gaming to drive innovation in virtual economies. 

, using AI to create music videos and offering features like animated videos, voice mimicry, and karaoke tracks. The tokenomics allocate 60% for airdrops, 20% for liquidity, and 10% each for the development team and Virtuals Protocol.

Check Out the Latest Prices, Charts, and Data of 

Bybit is celebrating its sixth anniversary with the 

, offering a $1.2 million prize pool and focusing on its bbSOL token. Launched in September 2024, bbSOL is the first exchange-backed Liquid Staking Token on Solana, providing liquidity and staking rewards. The campaign, running from November 28, 2024, to January 6, 2025, invites participants to build, transform, and supercharge their bbSOL through tasks, leaderboards, and community milestones, increasing rewards. The event combines gaming mechanics, community engagement, and opportunities to win prizes while promoting innovation and growth in the crypto space.

Yesterday, there were no flows in BTC Spot ETFs, including GBTC and non-GBTC categories.

. Stake BNB on Lista's portal to get slisBNB, then deposit it into Astherus to earn airdrop points with multipliers (3X for Lista, 1.15X for Astherus). No lockup is required, and slisBNB is the most efficient option.

Beginner

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Bybit Celebrates 6th Anniversary with $1.2M Prize Pool and bbSOL Supercharging Campaign

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, and futures, options and perpetual contracts.

ETH has outperformed, bolstered by SEC Chair Gary Gensler's announcement of his Jan 20, 2025 departure, and suggested by growing open interest in ETH perpetual. This positive momentum extends to several large-cap altcoins previously scrutinized by the SEC, as indicated by bullish funding rates for long positions.

Please check out the report’s highlights.

ETH Open Interest Grows While BTC’s Declines

ETH is outperforming BTC following the announcement of SEC Chair Gary Gensler’s departure, as evidenced in perpetual swap markets. BTC open interest has decreased from last week's highs, while ETH contracts have increased. Additionally, ETH trade volumes constitute a larger share of daily trading as compared to much of the past six months, despite an overall dip in trade volumes this week. The gradual decline in BTC open interest, without a surge in trading activity, indicates a strategic repositioning, rather than a wave of liquidations.

BTC Option Curve Inversion Deepens as Price Retreats

The pullback in the spot BTC price from the $100K target has led to a flat ATM volatility term structure, with short-tenor options dropping below 60%. 

This trend continues the correlation between term structure inversion and BTC spot price returns observed since the U.S. election on November 5, 2024

. The decline in front-end volatility aligns with lower realized volatility levels. While demand for short-tenor options has moderated, there hasn't been a notable change in open interest for calls or puts. Instead, their growth has stalled at the week's start.

Sentiment in ETH options markets seems moderately more bullish than in BTC's during the recent decline in momentum from the post-election rally. Call options lead in both trading volumes and open interest. 

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Nov 27, 2024): Signal on ETH Outperformance Against BTC Surfaces on Long-Term Contracts

Bybit Learn

DeFi

friend.tech, a decentralized social network driven by a blockchain token system, hopes to provide users with both socialization and monetization opportunities.

 community develops, people are realizing the crypto space has some engaging social applications. One of the newest 

 is friend.tech. Within just a few months of launching, this crypto project has already built an enthusiastic audience and earned 

However, it has also seen its fair share of controversies after its users were hit by a string of SIM swap attacks. 

Should you try to get involved in friend.tech? Learn more about the project to see whether it's right for you.

 driven by a blockchain token system, hopes to provide users with both socialization and monetization opportunities. People can connect their X (formerly Twitter) accounts to their friend.tech accounts and then sell tokens that offer special perks.

 are web3 digital currencies that make it easy to monetize a brand. Creators sell social tokens to their followers, who then receive access to private chat rooms, exclusive content or direct interactions between the brand and its audience.

friend.tech was designed by Racer, a pseudonymous developer behind several other crypto projects. Not much is known about this designer beyond Racer’s Twitter/X handle of 

. Even their social media presence is limited to a single account with privacy settings that block most users.

However, it's known that Racer was originally the lead dev on 

. As one of the first decentralized social media sites, the project allowed people who purchased NFTs to post on a shared Twitter account. Tweet DAO originally experienced a lot of hype in the crypto space before fading away after Twitter determined that it had blocked the site's use agreement. Now, friend.tech is taking the concepts from Racer's previous project and applying them to modern social media.

Friend.tech aims to create a seamless connection between social media and monetization, making it easy for crypto influencers to interact with followers while raising money from their supporters. Not only does this allow people to monetize their own presence without violating terms of service on other social media sites, but it also creates new levels of interaction between users.

Ultimately, friend.tech strives to create a more socially collaborative environment for crypto and web3 enthusiasts. By facilitating user engagement and giving users more rights over their own data, friend.tech hopes to build online communities where people share trading advice, investment goals and more.

friend.tech requires users to sign up by linking their X accounts to the site and creating a self-custodial wallet through 

. Social media users can then browse the crypto community and pick the crypto influencers they wish to follow. Users purchase shares of the influencers they're interested in. Also called "keys," these shares are social tokens that unlock exclusive content and can be resold at a price that’s based on current supply and demand.

Keyholders (and other social media users with keys) receive access to exclusive chat rooms with the influencer. Crypto influencers can also offer further perks, like investment classes or 

 rewards. Right now, becoming a friend.tech influencer or user is only available through invite codes, but this may change in the future.

In addition to the basic system for building online communities and forming exclusive chat rooms, friend.tech also includes several other features.

 is a way to access the highlights of exclusive chat rooms without having to pay for individual access. Any user who holds at least 1,000 friendtools (FTOOLS) tokens can access the friendtools mirror. This bot forwards messages from the top friend.tech chatrooms straight into the friendtools Discord channel in real time. It provides access to channels that would otherwise require a total of 30 ETH in purchases to view.

This convenient bot notifies channel members about new users who are joining the platform. It helps ensure you don't miss out on any early investment opportunities. This can also be a great way to learn about community members you wouldn't otherwise know.

You can further refine your notifications by filtering the types of social media influencers for whom you receive alerts. The filters feature lets you define whether you want to look at new users with more than 50,000 or 100,000 followers, which allows you to easily prioritize small, mid-sized or large influencers.

Make the most of your friend.tech assets by tracking the wallets of successful traders. This bot lets you see the social token purchases of notable friend.tech traders. You can get great investment advice and view social media trends with ease.

friend.tech's beta launch was one of the most popular blockchain technology projects of 2023. After first launching on Aug 11, 2023, the platform quickly began to attract attention. By Aug 19, it was raking in $1 million in gas fees each day, rising to $1.7 million just three days later. People were desperately begging for friend.tech invite codes, and at its peak the site was processing over 

. Everyone from crypto resource UpOnly to non-crypto influencers like video gamer Nadeshot was talking about friend.tech.

However, the number of buyers and sellers quickly plummeted from around 85,000 to just 17,800 as the amount of money flowing into friend.tech dropped rapidly and the price of keys for crypto influencers started to fall. By Aug 28, crypto analysts were already declaring that friend.tech was dead.

The precipitous decline in popularity has led many people to call friend.tech a 

 scam. Users point out that the project's developers have been behind controversial failed projects, such as Tweet DAO and 

. In both these cases, the projects flooded social media with impressive claims, promised to release more exciting news and then suddenly disappeared. Now, friend.tech developers are already going private on X, so there are some valid concerns that the team behind the project might quit developing it if it doesn't take off.

Ultimately, friend.tech isn't an outright scam. However, any new blockchain technology project has some inherent instability. Whether or not the platform will be a success will depend upon its ability to attract high-profile influencers. Though its design doesn't mean the developers can take users' money and run, it does mean that people who don't 

 can lose a lot of money on risky investments.

Unfortunately, in a recent unsettling wave of events, friend.tech has found itself entangled in a series of SIM swap attacks that have not only shaken the trust of its user base, but also raised eyebrows in the crypto community as they’ve brought to light the vulnerabilities that even blockchain-driven platforms can encounter.

In a sequence of events starting on Sep 30, 2023, a user, “

,” alerted the community on X (previously known as Twitter) about a SIM swap incident affecting their friend.tech account that resulted in a loss of more than 20 ETH. This was followed by similar reports on Oct 3, with musician 

 revealing a loss of 22 ETH due to a SIM swap amidst a flurry of phone calls, presumably intended to distract him from receiving a warning message from his telecom service provider. 

,” expressed bewilderment over their account breach, despite employing robust passwords, and a fourth individual, “

,” parted with approximately 60 ETH following a phishing scam that deceived them into divulging a login code. By Oct 5, 2023, 

 (worth $385,000) had been drained from just four different friend.tech users.

, a cryptocurrency investment firm, underscored the potential risk of friend.tech, stating that a hacker gaining entry to a friend.tech account could essentially "wipe the entire account." If one considers that a third of friend.tech accounts might be linked to phone numbers, an estimated $20 million could be susceptible to exploitation through user-targeted attacks on friend.tech’s network. Furthermore, Manifold emphasized that, in theory, the whole of friend.tech is in jeopardy, due to the manner in which the platform’s security is configured, and prioritizing the resolution of these issues is imperative.

The situation has escalated to such an extent that it isn’t just the financial losses that are a concern, but the overarching implications for the security and reliability of not just friend.tech, but all decentralized platforms, which are often hailed for their robust security mechanisms.

In the wake of these attacks, friend.tech is now under the microscope with the crypto community, investors and users keenly observing how the platform navigates through this crisis. In response to the attacks, friend.tech has 

 on Oct 5, 2023, for users to change their login methods. 

 regarding the non-activation of Privy's two-factor authentication (2FA) passcode feature, providing clarity on the situation. In the quality assurance (QA) process conducted on Oct 2, it was identified that Privy's UX does not prompt users to verify their passcode. Consequently, if users enter it incorrectly, neither Privy nor friend.tech has the capability to reset it. Given its present functionality, the feature poses the risk of users irrevocably locking themselves out of their own accounts. 

Recommendations aimed at enhancing the safety of the UX have been put forward. Privy is actively working to incorporate these suggestions, and friend.tech plans to integrate the features once these modifications have been implemented.

These incidents serve as a stark reminder that, while decentralized platforms offer a plethora of opportunities and have revolutionized the digital space, they’re not entirely immune to sophisticated and malicious attacks orchestrated by cybercriminals.

As friend.tech endeavors to regain its footing and restore user confidence, the platform is expected to undertake a rigorous review and enhancement of its security protocols to shield against future attacks and safeguard user assets and data. The incidents have also sounded an alarm for other decentralized platforms to scrutinize and bolster their security mechanisms, ensuring that they aren’t next in line to be targeted by such malicious cyber activities.

As we continue to observe the developments and actions taken by friend.tech in the aftermath of these attacks, these incidents serve as a pivotal moment for all stakeholders in the crypto and decentralized space to reflect, learn and fortify their digital realms, ensuring that the promises of security and trust in decentralized platforms aren’t merely theoretical but are firmly embedded in practice.

Despite its decline in popularity, there are still some investment opportunities in friend.tech. If you purchase shares at the right time, you can sell them for more money when the influencer spikes in popularity.

The other main advantage is in the online communities found on friend.tech. Things of interest are happening in the chat rooms, so potential users have access to all sorts of helpful crypto news and investing advice. As an exclusive, decentralized social network, friend.tech provides some special content not found anywhere else.

Though friend.tech has its perks, the base network isn’t that reliable. The website design and the friend.tech database have 

. Since you have to trust friend.tech with your Twitter/X login and your wallet information, you could end up losing valuable data if you don't take additional security steps, such as two-factor authentication. Moreover, you could also end up losing your ETH — just like other friend.tech users in the abovementioned SIM swap attacks.

The other big risk concerns the declining value of friend.tech social tokens and keys. If the site doesn't interest more users soon, the investment items you purchase on friend.tech could end up being worthless.

A major concern for investors is the fact that friend.tech lacks an official road map or white paper. It has no documentation of its progress or goals. The only things users know are that the project is currently in a beta launch, and that its developers hope to progress to a wide release after six months. They haven’t mentioned whether any new features are in the works.

Based on its spiking popularity in early August 2023, this project is worth exploring. With an invite code, you get access to a crypto community filled with motivated users and decentralized finance (

) experts. However, don't forget that friend.tech has already had its share of controversy, so it's a good idea to exercise caution. You need to do your own research and avoid overpaying for keys or invites. For best results, potential users need to remain objective and avoid investing more than they can afford to lose. In addition, it’s recommended you use a new email address with 2FA when you sign up for an account on friend.tech, as advised by X user 

friend.tech's ability to provide convenient and effective monetization of existing social media brands helps to fill a void in the current DeFi world. However, some issues with the base network and the project's developers suggest it might not stick around for long. While you should certainly grab an invite code if you can and check out friend.tech, avoid treating this investment as a sure thing.

friend.tech: The Viral & Exclusive Decentralized Social Media App

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards