Rick explains: Friend.tech is like a social media platform, but with a twist. It’s all about exclusivity, Morty. You see, it’s a subscription-based platform where you can buy and sell shares of yourself. Yeah, you heard me right. You can actually own a piece of someone’s life. It’s like being a stockholder in a person, Morty. People are going crazy over it because it’s a whole new level of personal branding and monetization. It’s like turning yourself into a walking, talking investment opportunity. But hey, don’t ask me if it’s worth the hype. I’m just a genius, not a financial advisor.
Tools for friend.tech
- Rick Sanchez - Pricebot for and
- Simple Search
- friendtech.info - tweet
- ERC-20 wrapper by 0xfoobar
- Mirror by Sal and Levi
- realfriend from Iam4x listed above (expensive keys)
- Meowl Discord Bot
- FriendSniper.io by @friendsniper_io
- New Listing User Sniper
- Friend Tech Ultimate Analytics
- FriendsTech Dashboard 1
- FriendTech User Activity
- FriendTech dashboard 2
- Friend.tech Blue Chip Index
- Friend.tech Wallet Tracker
- Friend.tech Analysis
- Portfolio Value
- Friend.Tech Highest Earners
- Dune Charts
Some key takeaways about the pricing model. The price increases exponentially, based on the no. of outstanding shares.
- There is a potential problem with this:
The 500th member will have to pay ±15.6Ξ to join a room, 250th member = 3.9Ξ, 100th member = 0.625Ξ.
- This encourages smaller groups, and perhaps the creation of alt-groups.
The sell price starts at 0 for 1 share, then it’s always the previous buy price. This means you can’t profit from buying and instantly selling 1 share.
- The model incentivises buy & hold rather then quick flips.
The spread USD value is higher when fewer shares are outstanding. Total fees are 10%.
- The protocol fee is set at 5%.
- The other 5% goes to the room owner.
- With 10 outstanding shares, the spread is 19%.
- With 50, it’s 4%.
- With 250, it’s 0.81%, lowering to 0.2% at 1000 shares.
Source data: Google Docs: Price Model
Username search API