Friend3 PriceF3Inactive

What is Friend3 (F3)?

Friend3 (F3) is a blockchain-based social dApp built on BNB Smart Chain (BEP20) where users can make friends and earn profits in the Web3 world. It functions as a social media platform that reshapes social influence monetisation, allowing creators to earn directly from their communities. The platform introduces customisable pay-per-group communities and a decentralised donation mechanism, enabling automated passive income for content creators and early members. Friend3 aims to complete the creator economy's ecological loop by offering direct financial incentives rather than relying solely on advertising or sponsorship models.

The native token, F3, has a total and maximum supply of 1,000,000,000 tokens. The project launched in 2023 and was listed on November 28, 2023, at an initial price of $0.12. According to Chain Broker, the current circulating supply stands at approximately 828,549,427 F3, representing 82.9% of the total supply, with a gradual release schedule extending over 72 months. Friend3 is positioned as a next-generation social media platform backed by partnerships with BNB Chain, OKX, FLOKI, Coin98, and SafePal.

Key Specifications & Tokenomics

• Name: Friend3
• Ticker / Symbol: F3
• Blockchain / Platform: Binance Smart Chain (BNB Smart Chain, BEP20)
• Category: Communications & Social Media, Social Token, Artificial Intelligence, Social dApp
• Total Supply: 1,000,000,000 F3
• Max Supply: 1,000,000,000 F3
• Initial Circulating Supply: 56,250,000 F3 (5.625% of total supply)
• Self-Reported Circulating Supply: 368.25M F3 (36.825%)
• ICO Price: $0.01
• Private Price: $0.0065
• Launch / Listing Date: November 28, 2023
• Launch Year: 2023
• CertiK Rating: 3.2
• Audits: Audited smart contracts
• Official Website: https://friend3.group/
• Explorers: bscscan.com
• Source Code: Available

Who created Friend3?

Serhat Yanar is listed as Co-Founder and Chief Product Officer (CPO) of Friend3, according to RootData and CryptoTotem. The broader founding team and core development members have not been extensively detailed in publicly available references. The project has completed five funding rounds, raising a total of $992.5K according to ICODrops, with participation from public sale platforms including Poolz, ChainGPT Pad, and TrustSwap. The team allocation follows a vesting schedule with a 12-month cliff and 1.67% monthly release, indicating a long-term commitment structure. Detailed public information about the full team composition is currently limited.

How does Friend3 work?

Friend3 operates as a social dApp on BNB Smart Chain, allowing users to create or join customisable groups with pay-per-group pricing models. Creators set up communities where members pay to access premium content, and early members are incentivised through the platform's pricing group mechanism. The platform features a decentralised donation mechanism that enables automated passive income streams for creators. All transactions and interactions are secured by audited smart contracts, ensuring data integrity and transparency.

The ecosystem supports a diverse range of tokens including $FLOKI, $C98, $ID, and $BAKE, facilitating community voting to shape future developments. Decentralised governance allows token holders to participate in key protocol decisions and platform direction. The platform also plans to extend its functionality to applications such as event ticketing and secure digital identity, creating a comprehensive Web3 social infrastructure.

What makes Friend3 unique and valuable?

Friend3 distinguishes itself through its democratisation of social monetisation. The platform's Pricing Groups model incentivises both creators and early members, creating a self-sustaining economic loop within each community. Unlike traditional social media platforms that rely primarily on advertising revenue, Friend3 enables direct financial transactions between creators and their audiences through customisable pay-per-group structures and decentralised donations.

The project's commitment to data integrity is reinforced by audited smart contracts and a CertiK rating of 3.2. Its decentralised governance model empowers the community to vote on platform developments, ensuring that the platform evolves according to user needs. The vision extends beyond social networking to encompass event ticketing, secure digital identity, and other applications, positioning Friend3 as a comprehensive Web3 social ecosystem rather than just a single-purpose application. Backing from established partners like BNB Chain, OKX, FLOKI, Coin98, and SafePal further validates its approach.

What is Friend3 used for?

The F3 token serves multiple functions within the Friend3 ecosystem. It acts as an access control mechanism, where token holders gain entry to premium content and exclusive community features. F3 is the primary payment unit for in-platform transactions and donations, facilitating seamless value exchange between creators and their audiences. Token holders can participate in governance by voting on key protocol decisions and platform direction, ensuring community-driven development.

Staking is another core utility, allowing users to lock their F3 tokens to earn rewards while supporting network security and stability. The token also serves as an incentive mechanism, rewarding contributions such as content creation and community engagement. Integration with DeFi protocols expands the token's utility within the broader decentralised finance ecosystem, and F3 holders benefit from reduced transaction fees on the platform.

How Is the Friend3 ecosystem developing?

The Friend3 ecosystem centres on its main product, a social dApp featuring customisable pay-per-group communities and a decentralised donation mechanism. The platform supports multiple tokens including $FLOKI, $C98, $ID, and $BAKE, creating an interoperable environment for diverse crypto communities. Partnerships with BNB Chain, OKX, FLOKI, Coin98, and SafePal provide strategic backing and integration opportunities across the Web3 landscape.

Revenue streams include a 5% fee on ticket sales for pay-per-group communities and a 5% fee on donations within groups. The project has outlined plans to incorporate an ad-based revenue model and develop new protocols to enhance functionality. Governance remains community-driven, with voting mechanisms enabling token holders to shape future developments. The platform's roadmap includes expansion into event ticketing and secure digital identity, signalling a broader vision for Web3 social infrastructure.

How to mine Friend3?

Friend3 (F3) is not a mineable cryptocurrency. It operates on BNB Smart Chain using a BEP20 token standard, which does not support traditional proof-of-work mining. Instead, users can acquire F3 tokens through staking, participating in platform activities, or purchasing on supported exchanges. The staking mechanism allows users to lock their F3 tokens to earn rewards, contributing to the platform's security and earning passive income. Additionally, users can earn F3 by creating content, participating in community activities, and contributing to the ecosystem's growth through incentives programs. The token's utility within the platform, including access to premium content and governance participation, creates ongoing demand that supports its value proposition.

How to keep your Friend3 Coin safe?

Securing F3 tokens requires adherence to standard cryptocurrency safety practices. Use reputable wallets that support BEP20 tokens, such as hardware wallets for long-term storage or trusted software wallets for active trading. Always verify contract addresses before executing transactions, as the official contract address is 0x9e57e83ad79ac5312 and the full form is shown as 0x9e57...00e167 on CoinMarketCap. Enable two-factor authentication on exchange accounts and never share private keys or seed phrases with anyone.

Since Friend3 operates on BNB Smart Chain, ensure your wallet is configured for BEP20 tokens to avoid loss of funds. Regularly update wallet software and be cautious of phishing attempts that mimic official Friend3 communications. For additional security, consider using hardware wallets for significant holdings and keeping only small amounts in hot wallets for daily transactions. The platform's audited smart contracts provide a foundation of security, but personal vigilance remains essential for protecting your assets.