Friend.tech Generates $44.66 Million in Revenue; Analysis of Earnings Distribution and Team Profits
Publication Time:2024-09-09 15:56:09
Since its launch, Friend.tech has achieved significant success with its unique business model. According to Dune dashboard data, as of now, the total cumulative revenue of Friend.tech is approximately $89.29 million. Of this substantial amount, $44.67 million has been allocated to content and creative contributors, highlighting the project's emphasis on the value of content and its return to creators. The remaining funds constitute the earnings for the Friend.tech project team, reflecting their contributions and efforts during operations. This distribution ratio not only shows respect for creators but also highlights the critical role played by the project team in driving platform development. Notably, over time, the team has earned about $45 million through transaction fees and then adopted a strategy known as a 'soft rug.' This term typically refers to a situation where the project stops support or services after a period of operation, leading to losses for investors. Therefore, the 'soft rug' strategy is considered unethical and has raised concerns and attention within the industry regarding the future development path of Friend.tech.
Revenue Distribution
friend.tech
Blockchain Project
Creator Earnings
Project Team Profits