Chris Curl,
Editor
Sept. 28, 2023
Friend.tech, a groundbreaking platform powered by Coinbase's layer-2 network, BASE, has taken the cryptocurrency community by storm. This innovative platform allows users to tokenize their X (formerly known as Twitter) accounts, enabling other users to purchase "shares" of these accounts, complete with the added perk of a private chat with the account owners.
Influencers, particularly those within the cryptocurrency industry, are flocking to Friend.tech, viewing it as the next evolution in social media. If you're interested in becoming a part of this exciting platform, here's your step-by-step guide to buying and selling shares on Friend.tech.
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Getting Started
To begin your journey on Friend.tech, you'll need a Web3 wallet such as MetaMask or Coinbase Wallet. It's important to note that you must add the BASE network to your wallet to use the platform.
If you don’t have a Coinbase Wallet setup yet, this is a very clear guide showing you every step you need to take.
Once your wallet is set up, transfer some Ethereum (ETH) from your main network to your BASE address.
After successfully transferring your ETH, visit Friend.tech to create your account. Once your account is up and running, deposit the ETH from your BASE address into your new account.
(It's essential to keep in mind that the Friend.tech application can only be installed on a mobile phone.)
Earning Money on Friend.tech
There are two primary ways to make money on the Friend.tech platform. First, you can earn a fee when others purchase shares of your account. The second method involves buying shares of accounts at lower prices and selling them at higher prices, akin to trading stocks in a company.
However, it's crucial to be aware of a few fees and taxes. With each transaction, 5% of the total value goes to the Friend.tech treasury, while another 5% is collected by the account holder. The more shareholders an account has, the more valuable those shares become. Furthermore, a larger number of shareholders translates to increased trading volume and, consequently, more fees.
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In Conclusion
Friend.tech is emerging as a game-changer in the world of social media and cryptocurrency. With the opportunity to tokenize your online presence and engage with your audience on a whole new level, it's no wonder that influencers and users alike are flocking to this platform.
By following the steps outlined above, you can join the Friend.tech community and explore the exciting world of buying and selling shares on this innovative platform.
Chris Curl
Editor, Daily Profit Cycle