TechFlow news: Crypto KOL Jason Chen shared a tweet explaining why he does not recommend friend.tech. He stated:
friend.tech currently represents a typical Ponzi scheme model—its token supply has no cap, while prices grow exponentially with the number of holders, easily triggering FOMO psychology. However, behind this exponential rise lies the risk that any selling activity could trigger a sharp price drop.
The mission of friend.tech is to bring TVL to Base, requiring users to deposit funds first, with KOLs primarily serving as volume-driving participants. KOLs can profit by accumulating tokens early, inflating trading volume, and eventually dumping their holdings. However, trading volume remains limited.
If the real goal is achieving "fan monetization + value delivery," issuing NFTs and opening paid groups to recognize truly supportive users would be a better approach, without relying on a Ponzi-like mechanism.
