Crypto’s newest decentralized social media (DeSo) app friend.tech has been met with intense criticism over a decision to punish users who opt in to forks or copycat versions of its tokenized social media platform.
“To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out of earning Points and forfeit existing points,” wrote the official friend.tech X account in an Aug. 28 tweet.
We expect @friendtech clones and other types of copies will emerge.
To make sure loyal users are rewarded fairly during our beta, users moving to forks and copies will automatically opt out of earning Points and forfeit existing points. They will be able to use the app normally pic.twitter.com/C1rTEQQr17
— friend.tech (@friendtech) August 28, 2023
While Friend.tech did not make mention to any specific competitors, and number of X users in the reply pointed to a new DeSo or “SocialFi” application called Shares which is scheduled to go live to public beta on Aug. 31.
Shares #roadmap for the following week.
We’ll be sharing daily dev logs on Medium about updates. We started building the $SHARES platform’s backend a couple of weeks ago, and started with our frontend this weekend – so far, it’s been a huge progress! pic.twitter.com/oLEYMlhIcF
— shares.finance (@SharesFinance) August 21, 2023
Friend.tech has been airdropping “reward points” to its beta testers every week, which will total a distribution of 100 million points over 6 months.
The team has not yet shared what the points will be ultimately used for, only mentioning on Aug. 15 it “will have a special purpose when the app enters official release status.”
We just did our first Friday Points Airdrop to 44k users.
– 100M points will be distributed during the six month beta period
– Airdrops happen on Fridays
– Points are recorded off-chain
– Points will have a special purpose once the beta period ends
— friend.tech (@friendtech) August…