TechFlow reports, crypto researcher 0xLoki posted on X pointing out that Friend.tech is considered a scam rather than a revolutionary product because it charges a 5%+5% bilateral fee, effectively amounting to a 22% cost. This fee is significantly higher than those of established platforms like OpenSea, which charges 2.5%+2.5% on a single side. (Regarding the 22% fee, 0xLoki explained that buying a Key for 1 ETH requires paying 1.1 ETH, but selling it immediately would only yield 0.9 ETH, resulting in a cost ratio of 1.1/0.9 = 1.22.)
Recent updates include the addition of a web version, Watch list, and features linking points to Rooms Value, all designed to encourage more trading and thereby generate higher fees.
Add to Favorites
Share to Social Media
