Original Author: dt
Original Editor: Lisa
In the recent market downturn and lack of hotspots, friend.tech has almost dominated all Twitter pages. This decentralized social application (SocialFi), built on the Layer 2 public chain Base supported by Coinbase, has received investment from top-level cryptocurrency venture capital firm Paradigm and has announced a token airdrop mechanism. It has attracted participation from retail investors, KOLs, and even institutional investors in the industry. Along with this trend, many developers have created various derivative tools for friend.tech.
Today, Dr.DODO will introduce several derivative tools for friend.tech, allowing you to play with friend.tech more professionally and conveniently.
There are four main categories of derivative tools for friend.tech:
1. Third-Party Frontend
friendmex.com: Created by former Paradigm researcher @_anishagnihotri, this tool is specifically designed for trading friend.tech keys. It provides users with features such as batch key purchases, key price trend charts, real-time trading dashboards, new user monitoring dashboards, and price ranking tables. It is very comprehensive and free to use, but its search function is slightly weaker.
risedle.com/friendtech: Created by the @risedle project team, this is a data dashboard for friend.tech. It allows you to view tables ranking top users, most popular users, highest spenders, and highest earners. The interface is simple and clear, but the only drawback is that key trading is currently not available on their frontend.
realfriend.tech: The web version of friend.tech frontend created by @iam 4 x provides various trading data including line charts, PNL, real-time trading data, and a dashboard for new users. In addition, it also has features such as a robot targeting new users and a chatroom. It has more features than friendmex, but the drawback is that you need to purchase the founder's Key and pass the verification to use it.
friendtech.pro: Created by @NFTommo, similar to realfriend.tech, it requires purchasing the founder's Key to use. It provides more detailed data for users to view, including tracking tweet posting data, average holding time, and total daily cash flow data of friend.tech.
frentech 95.com: Created by @0x submerged, similar to the previous two, it has a paid threshold that requires purchasing the founder's Key. It has a Windows 95 retro-style trading frontend with basic functions such as trading line charts and chatrooms. It has fewer features but a clean interface.
frentech.octav.fi: A data dashboard for friend.tech users personally created by @OctavFi project team. It allows users to view personal key line charts, market value conversion, total expenses, total tax paid, and short position points data, etc.
2. Telegram / Discord Trading Sniper Bots
frenbot.tech (TG Bot): Currently provides new user alerts and buy/sell functions, copy trading and sniper functions are not yet available.
palpaybot (TG Bot): Simple function, query Twitter and trade.
FriendSniper (TG Bot): More comprehensive function, provides new user reminders and user preset sniping. It snipes the purchase when a Twitter user registers with friend.tech, and also has functions such as copy trading with take profit and stop loss.
New Friendtech Listings / FriendTech 10k bot (TG Bot): Both are bots that track new registered users, but the latter filters out users whose Twitter followers exceed 10k before pushing notifications.
meowl (DC Bot): Originally a token trading bot, it has recently added friend.tech trading and sniping functions. It can snipe new registered users by setting conditions such as Twitter username or follower count.
FriendTech Feed (DC Bot): Provides real-time notifications of new friend.tech users and can filter and categorize them based on follower count. It also provides real-time trading information and large transaction information.
3. Index or Information Aggregator
This type of product can be divided into two categories. The first category is different from the concept of market-priced keys and the actual meaning of index/ETF without price anchoring. Users can enjoy the value (not price) of holding top keys by purchasing them from the project party and sharing information and future token airdrops. The ones currently ranked above are: Herro/Herr 0x, Friend ETF, Friend Index, and Metakeys. Usually, after purchasing, users have permission to enter TG/DC groups to receive shared information, and the algorithms for token airdrops are also different.
The second category is contract platforms that track on-chain data from friend.tech and provide corresponding anchoring prices for users to leverage long/short, such as hyperliquid.
The median price of tracking the top 20 keys is used as the standard, and unidex and aevo also track the total TVL, which is the sum of prices of all keys, as the standard.
Source: https://leverage.unidex.exchange/
4. Derivatives
perps. : friend.tech perpetual trading, leveraged long and short positions based on Twitter KOL, currently online for mainnet testing with 22 available key tokens for trading.
Source: https://www.perps.tech/trade
friendlend.tech: friend.tech key lending platform, allows borrowing stablecoins by collateralizing Key tokens. Be cautious about potential scams as the product is not yet launched.
FTSX: The goal is to provide leveraged long and short perpetual contract functionality, similar to perps. Currently, the product is not yet launched like friendlend.tech, so please be aware of that.
Author's opinion
As mentioned in my article about the new public chain journey in mid-August, after being endorsed by top venture capital institutions, friend.tech not only attracts retail investors to experience the product, but also many developers are scrambling to develop derivative tools/projects on friend.tech, indirectly promoting the development of the entire public chain. Now, with the popularity of friend.tech, the TVL is continuously increasing.
Another important point to note is that friend.tech officially stated that the airdrop will occur after six months, and one of the calculation standards for airdrop points is the value of holding Key, which refers to the amount of locked position on friend.tech. Therefore, a lot of players have adopted the so-called "3, 3 strategy," which means holding key without selling, allowing everyone to earn airdrop points together. This also allows index keys, which hold a large number of top-ranking Keys, to have the function of accelerated mining (users earn points by holding index keys and also receive airdrop token dividends through index-held keys). The perpetual contract platform that can short friend.tech can help users timely hedge risks and reduce the transaction tax required for actual selling.
One more thing, as the profit-making effect of friend.tech gets better and better, some top KOLs who have not joined yet will be snapped up by private bots as soon as they join Key, to the extent that using public bots often results in buying at the peak. Not to mention manual users, so be cautious when using public bots. How to make good use of bots and private snipers to compete with each other is also a key factor in whether you can make a profit.
