Making the token non-transferable could force users to pay the 1.5% Friend.tech platform fee in an “ironic” shift from the platform’s non-venture capitalist approach.
Decentralized social media platform Friend.tech is preparing for its version two launch and airdrop on May 3, but a leaked smart contract suggests it may have controversial features, including a non-transferable token.
The Friend.tech v2 smart contracts may introduce a non-transferable token with the airdrop, according to pseudonymous decentralized finance (DeFi) researcher CBBOFE, who claims to have potentially found the smart contracts, according to a May 2 X post.
A non-transferable token means that airdrop recipients won’t be able to sell or exchange the coins, except for certain whitelisted protocol addresses.