CJ - Cryptocurrency Enthusiast
Friend.tech, the innovative social platform that allows users to purchase "shares" of X (formerly Twitter) account holders, has seen remarkable growth since its launch on August 10. With over 100,000 addresses on board, the platform has quickly gained traction and generated more than $25 million in revenue through fees.
The surge in popularity is evident as notable personalities from beyond the crypto market investment realm, such as FaZe Banks (co-founder of FaZe Clan) and NBA player Grayson Allen, have joined the platform. This influx of well-known figures has led to a surge in share prices and transaction fees, driving the platform's rapid expansion.
Despite its success, the platform faced a brief challenge when its database, containing crypto wallet addresses linked to X accounts, was listed on GitHub. However, the issue was promptly addressed, highlighting the platform's commitment to user privacy and security.
Friend.tech's growth is further supported by DefiLlama and Dune Analytics data, which indicate at least 80,000 unique users and an addition of 15,000 new users within a single week. The platform's unique concept of buying "shares" in individuals' X accounts has garnered attention and participation, even from personalities unfamiliar with the cryptocurrency trading space.
The platform's earnings, which include substantial fees amounting to over $1.04 million within the last 24 hours alone, are set at 5% of each transaction's value. These fees have contributed to an estimated $709,000 worth of Ether, covering gas fees and operational costs. As Friend.tech continues to make waves in the social and cryptocurrency realms, its innovative approach to social media engagement is reshaping how users interact and invest in online personas.
For the latest updates on groundbreaking platforms like Friend.tech and other cryptocurrency news, explore BC Bitcoin – one of the top cryptocurrency trading platforms.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards