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CoinGape

FriendTech Shutdown: Decentralization Move Backfires, FRIEND Token Fell 40%

CoinGape
Summary
Nutrition label

61% Informative

FriendTech , a decentralized social network platform, saw a remarkable 30% dip in its native token FRIEND on Monday .

FriendTech community announced that it ditched control of smart contracts recently.

The loss of smart contract control is primarily attributable to a function executed on the project’s ecosystem.

FRIEND token price plummets massively, sparking concerns among investors.

VR Score

38

Informative language

24

Neutral language

33

Article tone

formal

Language

English

Language complexity

45

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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