The Ultimate Guide to Capitalizing on the FriendTech Wave

With the rise of FriendTech, there's been an increasing interest in how to make the most of this trend. If you're looking to dive deep into the world of FriendTech, this comprehensive guide is for you. From the basics to detailed strategies, this guide covers it all.

1. Introduction to FriendTech

Before diving into the specifics, it's crucial to understand what FriendTech is all about. If you're new to the concept, start with this overview that was written last week. It provides a clear picture of the basics and what to expect.

2. FriendTech By the Numbers: Key Statistics

• TVL (Total Value Locked): $7.5 million

• Weekly Fees: $3 million, which annualizes to a whopping $156 million

• Weekly Revenue: $1.5 million, annualizing at $78 million

• Revenue Distribution: 50% of fees are channeled to the share creator, and the other 50% is directed to the Friends Treasury.

• Total Unique Buyers: 77,000

• Total Unique Sellers: 30,000

Interestingly, FriendTech has already secured the 3rd position, as sourced from @DefiLlama.

3. FriendTech's Dune Dashboard

Provided by @CryptoKoryo, the Dune Dashboard is an invaluable tool. It offers insights into:

• Transaction Volume

• Number of Holders

• Individual Transactions

• Available Shares to Purchase

...and much more!

Some Dune Dashboards are listed here.

4. Investing Wisely: Deciding Whom to Buy

With a staggering 76,000 different creator shares and counting, choosing the right investment can be daunting. Thankfully, this curated spreadsheet helps in identifying the best shares and offers reasons why they're worth considering.

5. The Anticipated Airdrop

Following Paradigm's announcement of their investment in FriendTech, speculations of an airdrop have surfaced. This might be connected to their current points system. To best position oneself for this airdrop, see @milesdeutscher's post.

6. A Word of Caution: Understanding Spreads

Investors should remain vigilant about the potentially large spreads while buying and selling friends shares. For a detailed look into this, check out this tweet by @Cryptoyieldinfo.

7. Enhancing Your FriendTech Experience: Tools & Bots

For those looking to amplify their FriendTech journey, here's a curated list of tools to consider:

• Desktop Trading

• Sniping Bots for new shares

• Discovering Twitter account addresses

• Share Indices

8. Betas and Beyond: Exploring the SocialFi Tokens

If you're scouting for tokens to bolster your SocialFi narrative, here's a list to delve into:

• $SHARES

• $QR

• $PERPY

• $XTM

• $SYLO

• $PLA

• $STFX

• $CYBER

• $DESO

Interestingly, $Shares emerges as a prime candidate since it mirrors FriendTech, with a twist – it has its token.

9. Expert Insights into SocialFi

To wrap it up, two key figures in the industry shed light on FriendTech:

• @Dynamo_Patrick elucidates how creators can earn scalable income streams, reward loyal fans, and introduce countless individuals to cryptocurrency.

• @ThorHartvigsen offers a detailed breakdown of revenue, fees, and comparisons.

In Conclusion

FriendTech is rapidly emerging as a significant player in the tech world. By arming yourself with the right knowledge and tools, you can ride this wave to success. Ensure to keep this guide handy and keep an eye out for regular updates.