Analysis of the Development Trajectory and Potential Risks of Friend Tech

Against the backdrop of an overall downturn in the cryptocurrency market, Friend Tech products have sparked enthusiastic attention from users. In just half a month, the platform has undergone a transformation from being widely pessimistic to a continuous rise in popularity.

Friend Tech has gone through three development stages since its launch on August 10, 2023. Initially, due to its novel model and airdrop expectations, it attracted a large number of users. However, the enthusiasm quickly waned, and both trading volume and active user numbers saw a significant decline. After receiving seed round investment from a well-known investment institution on August 19, the platform experienced a brief surge of interest again. Recently, Friend Tech's trading volume and TVL have suddenly increased rapidly, sparking a new wave of enthusiasm.

The main reasons why Friend Tech can maintain market popularity are as follows:

1. Quality user base: Many well-known institutions, project founders, and influential bloggers have joined and invested funds, which has driven overall market attention. At the same time, the platform's points distribution rules effectively suppress the emergence of low-quality accounts.

2. Airdrop Expectations: The platform promises to distribute 100 million points within 6 months, and the community generally believes this is closely related to future token airdrops. The point allocation rules encourage users to hold long-term, reinforcing the market's upward expectations.

3. Strong resource support: The investment from a top investment institution, as well as being built on a new emerging public chain, provides strong backing for Friend Tech.

4. Meet upward social demands: Provide users with opportunities to connect with high-level individuals and obtain one-on-one consulting services at a lower cost.

However, there are still potential risks in participating in Friend Tech:

1. The profits of the robots are too high, squeezing the participation space of ordinary users.

2. The price curve is steep, which can easily trigger a stampede effect and a death spiral.

3. There is a contradiction between the product logic and the profit model, which may affect long-term development.

Overall, Friend Tech has captured a market gap and gained significant attention. However, there are still some issues with its product logic, and its future development needs to be observed. It is advised that users pay attention to risk management and reasonably control their positions when participating.