FT33 DAO

App:
Watchlist:

[FT33 DAO @friendtech33]

$FTW is a liquid free floating reserve asset backed by a basket of @friendtech keys & FT33 DAO treasury.

One could think of $FTW as a leveraged bet on the continued success of FT & its ecosystem

Lets take a closer look.. 🧐🧵👇

[friend.tech @friendtech]

Employment Opportunity @ friendtech

We’re looking for a Senior React Native Engineer to help us build iOS and Android versions of the friendtech app.


Fully remote, including $200k+ cash comp plus equity.

Full details: https://t.co/rfeDt0sC3B

[friend.tech @friendtech]

PvP is out. Crew love is in.

Believe in something. Be a part of something. Find a club.

[Luke Martin @VentureCoinist]

If everyone is bearish on low-float high-FDV launches...

I guess that makes $FRIEND the most egalitarian thing we've ever seen. It's insanely ambitious, and if it works, can really reshape the fabric of society.

[FT33 DAO @friendtech33]

FT ( $FRIEND ) is the best consumer app this cycle and bothing comes close.

[Serpin Taxt @serpinxbt]

Transparency, accountability in crypto go a long way.

Imagine if while browsing Twitter you had the ability to quickly interpret someone’s credibility & past actions while reading their tweets. An objective score.

yeah.. that’s the outcome of what we’re building @ethos_network

[Serpin Taxt @serpinxbt]

sent @friendtech to a normie friend

he has dabbled in on-chain and terminals a bit but never as deep as many of us

seems like maybe group chat + token + walled garden MIGHT work out if it can get normie interest

really hoping to see "memeclubs" play out like I think they will

[FT33 DAO @friendtech33]

@friendtech memeclubs?

[Serpin Taxt @serpinxbt]

What if memeclubs could elevate beyond the bonding curve like https://t.co/gKcRhURk58

And get traded in $friend/$meme on bunny swap

On the home page of the friend tech app.

That would be rad. And fit the meta.

[FT33 DAO @friendtech33]

Community takeover starts now.

[Golden @0xGolden_]

Is it fine if I do this?

I will create a friendtech club, name it: "Please don't buy, this is to dump on bots", then I will launch the club, bots will buy, then I sell on the bots, and because of the club name, no real users buy.

What do you think, yes, or no?

[FT33 DAO @friendtech33]

Backed by Paradigm ( /clubs/925/ )....

[FT33 DAO @friendtech33]

@0xBreadguy 🤝

[dragos @dragossden]

Best way to visualize @friendtech right now is a memecoin ecosystem with:
- doxxed participants
- unruggable memecoins
- plenty liquidity

I was skeptical this could happen, but seems like Racer managed to create another speculative frenzy revolving around moneyclubs, that ultimately feeds back into $FRIEND

Want to know why it pumped so much?

LP APRs now sit at 2,600% - so 5% per day

The best part is that's NOT from the @friendtech incentives (1M tokens per month for 12 months) - that only accounts for 165% of the APR.

The fees are actually coming from swap fees + club fees eg people speculating on $FRIEND and using that to buy/sell into moneyclubs

While initial FT participants (myself included) were initially dissapointed, lots of other stepped up and bought massively to take advantage of the fat LP and over-the-board negativity aimed at the app

It's now a super attractive gamble for whales who can ape 6-7 figs into LP or into $FRIEND and print

[Serpin Taxt @serpinxbt]

I really don’t love when people constantly shill their own “coins” they’ve created, that’s just not me.

I want to and will make $0 on this club/token.

$BLEU is going back to the community. I have 24 keys that will be given away at midnight CDT to holders.

Then I own 1.

[FT33 DAO @friendtech33]

I’m pretty certain that all tokens are worthless but FT is much closer on the spectrum of ~interesting~ to me. Distributed pretty evenly in one chunk to the community. Revenues go to the creators (to reinvest in building it out, ya know, like businesses should), that’s a good thing. No bullshit decentralized governance circus hopefully. No low float VC nonsense anymore. The token is the in game currency, whether or not people want to keep playing the game is tbd but it has *more* of a reason to exist than all of the “protocols” that are “decentralized” but need to be governed(?). I hope racer and team make sweeping decisions that they think are best for their product and never have to kowtow to the dao parasites and their bureaucratic drivel or any of the other crypto mechanism stuff. This is the type of thing that should stay centralized and doesn’t need to pretend that decentralization would improve the product. Of course most people should just buy BTC, nfa, etc

[Gwart @GwartyGwart]

I’m pretty certain that all tokens are worthless but FT is much closer on the spectrum of ~interesting~ to
me. Distributed pretty evenly in one chunk to the community. Revenues go to the creators (to reinvest in building it out, ya know, like businesses should), that’s a good thing. No bullshit decentralized governance circus hopefully. No low float VC nonsense anymore. The token is the in game currency, whether or not people want to keep playing the game is tbd but it has *more* of a reason to exist than all of the “protocols” that are “decentralized” but need to be governed(?). I hope racer and team make sweeping decisions that they think are best for their product and never have to kowtow to the dao parasites and their bureaucratic drivel or any of the other crypto mechanism stuff. This is the type of thing that should stay centralized and doesn’t need to pretend that decentralization would improve the product. Of course most people should just buy BTC, nfa, etc

[Zhu Su @zhusu]

The socialfi flywheel depends on whether the top creators recycle their earnings into using the platform in the earliest stages

Whether or not they will do this determines everything

Collaborative vs extractive

[FT33 DAO @friendtech33]

@0xscripting check dm

[Golden @0xGolden_]

My @friendtech Thesis:

- Clubs are a new paradigm, the ultimate casino, but with social proofs, tokenized group chats, and more

- Why I am sure $FRIEND to $10 will happen

A Must Read 👇

Part 1: Clubs are a new paradigm, similar to Pump Fun, the ultimate casino, but with social proofs and more

Just like Pump Fun is a new paradigm, where everyone can create coins in the click of a button that are undruggable and 100% safe, that is possible on FriendTech now too with clubs.

Both of them are the same, a token with a bonding curve, and with clubs they are transferable, just like tokens.

So in a way, clubs are unruggable tokens, which if you buy you get access to a group chat, which is tokenized, but with extreme tribalism and social proofs linked to the creator, who makes decisions such as selling, distribution, airdrops, etc, whom can be held accountable.

It's just like pump fun, everyone and anyone can and will launch tokens, which will be gambled on, and the creator and holders will be held accountable through social links, so its the ultimate casino but with your internet and on chain reputation on the line for creators, leading to more responsibility and incentives to do well.

In a way, Clubs are the safest way to created tokenized communities and tribes, and the group chat simply acts as the TG for a memecoin, but better, as in TG the creator has all the power, can ban people, can mute others, can force things, etc. But in Clubs, the community have all the power and can even over through the leader. Additionally, in regular meme coins, anyone can join the group, leading to it being less organic/people fudding more as they don't own bags, in Clubs, it will be more positive and a smaller circle of only real community members, as all members are bag holders, due to group chats being tokenized.

Clubs are the ultimate casino, the ultimate social proof, and the future.

Part 2: $FRIEND to $10

To buy these clubs/memecoins, you have to use FRIEND, so at the end of the day, FRIEND, the base layer, will get a majority of the value accrual.

In a way, clubs partially lock your FRIEND, forcing you to HODL. This is similar to how Degen created its own L3, and all the value from the gambling that occurred there just resulted in value accrual for the base token, Degen, and this is the same thing that is happening with FriendTech, the tokens on Degen Chain are the Clubs for FriendTech, and the Degen Token is Friend, and instead of it all being on Degen Chain, it is on the FriendTech app, and we all know what happened with DEGEN, just check the chart and see how much it went up, except, Degen is much smaller and less significant then FriendTech, so the Friend value accrual will be exponentially more.

The KOL's sold the bottom, VC's have 0 allocation and have the market buy, it was fudded like never seen before at launch and became hated (hated coins rally the best).

Here is also a conspiracy I have:

The FT V2 launch mess was on purpose, since VC's had 0 allocation, this happened on purpose, so that VC's could scoop up tokens for cheap and $1 - $1.5, and now we reverse / friendtech pops off.

The community also had 100% of the tokens, this is the fairest launch we have ever seen, 0% team, 0% marketing, 0% VC's, 0 unlocks, just all commnity.

Also, almost every token has been launching with absurd FDV/MC ratios, but look at friendtech, the most fair FDV/MC ratio, almost ever for a new launch recently, almost 0 inflation. Basic supply madafaka, price go up.

I said this before when FRIEND was at $1, but FRIEND is undervalued simply on a earnings to price ratio, they made $60m+ in Fees and $30m+ in Revenue, and are still at $250m FDV.

The sentiment seemed like it could not get any worse, and this is perfect, the things that fk up the most simply rally the most and become the best.

There is something never seen before: Shame if sell

Since the token is non-transferrable, everything is public and on chain, and KOLs who bull posted FriendTech are being shames for selling (e.g. CL, Hsaka, Law, etc). Influencers are praised for buying actually (e.g. When I bought 10k $FRIEND at $1 for $10k (I plan to HODL this BTW), the post did better then my average post, influencers got praised for buying back what they sold, etc)

Since the team, VC's, etc have 0% allocation, e has turned into a social/meme token, BOOLISHHHH.

Degen, the Farcaster sub token (not even actual token), hit $1b FDV, with:

- Total Users: 343,576

Friend, the actual FriendTech token, is still at $250m FDV with:

- Total Revenue: $30.86m

Do you see this mispricing?

Well I do.

Additionally, there have been no exchange listings yet, no major euphoria, and we are still very early.

Also, I may launch a club/meme very very soon, be ready😉

There is so much more I could talk about but I think for now, I will stop it there.

Web2: The common web
Web3: Crypto
Web 4: FriendTech / SocialFi

Adapt or be left behind.

[Serpin Taxt @serpinxbt]

you're thinking about @friendtech wrong.

these clubs are tokens. this is almost identical to https://t.co/gKcRhURRUG.
bonding curve -> rugless memecoin

so I'm going to try something, the first ever dog coin on FT, $BLEU. my dog. familiar ears.

https://t.co/FxVvbV4eTq

[bread.mega @bread_]

Clubs is the infinite garden of design we yearned for in v1.

Actual apps can be built on top of them for two simple reasons:
🔹Transferability
🔹 Referrals

Now, referral % is global and set to 0 in the contract now, but it allows teams to leverage friendtech for those tokengating-as-a-service ideas we all had from V1. It was just practically much harder to implement with the rigid creator keys contract.

Would be very easy to set up ideas like:
🔹Club OTC desk in alternative tokens
🔹Portfolio Manager/Sniper (😉)
🔹Tools specific to the interests of said clubs, like a Fantasy top analytics platform limited to Club key holders

V1 monetized people. V2 is monetizes interests.