The first major wave of SocialFi excitement this cycle was captured by friend.tech, a crypto-enabled private chat room on the Base Layer 2. By offering users a clear pathway to qualify for a future airdrop through one of the earliest implementations of a points program and directly incentivizing influencers to shill the platform via a 5% token swap fee.
https://www.bankless.com/socialfi-slump
The first major wave of SocialFi excitement this cycle was captured by friend.tech, a crypto-enabled private chat room on the Base Layer 2. By offering users a clear pathway to qualify for a future airdrop through one of the earliest implementations of a points program and directly incentivizing influencers to shill the platform via a 5% token swap fee.
https://www.bankless.com/socialfi-slump