Two crypto individuals with high ranking channels on the app weigh in on whether it will remain popular.
Friend.Tech users and influencers have raked in $12 million in fees from a 5% tax on key purchases and sales.
There's been a lot of revenue, particularly for popular crypto influencers, some of whom have seen more than $50,000 in fees gained, according to acreated by TK Research. Yet those buying keys are losing 10% of the cost of joining or leaving a channel, while also taking on the volatility of the value of the key. While influencers have profited from the fees, it's unclear whether the whole system is sustainable in the long run.
The lure of a potential airdrop has been one carrot to keep people trading keys and burning their money on fees. Some are speculating that the points given out on a weekly basis could end up converting into tokens if an airdrop is to take place, although one has not yet been announced.
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