Friend3, a decentralized SocialFi platform connecting content creators and communities, has announced the upcoming $F3 token offering starting November 10th at 5:00 PM UTC on the TrustSwap Launchpad.
Introducing Friend3
Friend3 is a leading social dApp where anyone can make friends and profit in the Web3 world. Friend3 is revolutionizing the social monetization landscape by offering customizable pay-per-group communities and introducing a decentralized donation mechanism, enabling automated passive income. This boosts direct financial incentives for content creators, completing the creator economy‘s ecological loop.
Friend3 is the #1 trending Social dApp on BNB Chain. The Friend3 beta app has 45k users and 200k transactions within just seven weeks and is the first dApp to offer customizable pricing curves in social protocols with a unique mechanism to empower the creator economy.
The Friend3 vision is focused on individual control, security, and a seamless user experience extending to applications like event ticketing, secure digital identity, and more. Backed by partnerships with BNB Chain, OKX, FLOKI, Coin98, and more, Friend3 is ready to become the next generation of social media.
How Does It Work?
Friend3 allows users to create pay-per-group communities with customizable pricing curves, an innovation that makes decentralized pricing truly user-centric.
Friend3 introduces a novel mechanism for passive income and community growth by allowing ticket holders to earn a share of revenue generated from group transactions, donations, and referrals.
Friend3 is not just a social platform; it’s a comprehensive ecosystem where every interaction has the potential for shared benefits. The entire platform is governed by the community for the community.
Here’s a simplified flow:
- Create or Join Groups: Users can easily create their own groups or join existing ones by buying tickets. Group creators can set their own pricing curves for memberships.
- Earn and Contribute: All users, not just group creators, have opportunities for earning. Through a decentralized ticket transaction and donation system, creators and group members alike can earn passive income.
- Seamless Transactions: Whether you’re a creator or a participant, transactions are made easy and secure thanks to smart contracts that are audited and open-source.
- Expand Donation Tokens: By listing popular tokens from the BNB ecosystem, such as $FLOKI, $C98, $ID, $BAKE, and more, Friend3 provides a robust ecosystem for users to interact and grow across multiple communities.
- Community Voting: Friend3 empowers its community through decentralized voting mechanisms, allowing users to vote on future developments and features.
Friend3 Features
1. Democratizing Social Monetization: Traditional platforms centralize control over monetization. Friend3 democratizes this by offering Pricing Groups that incentivize both creators and early members, fostering high-quality content and communities.
2. Economic Inclusion with First-time Monetized Groups: Friend3’s unique monetization model not only caters to content creators but also to regular users. By allowing group owners and early members to monetize, Friend3 creates a more inclusive financial ecosystem.
4. Decentralized Governance: The decentralized nature of Friend3 allows for community-driven decisions, ensuring transparent and effective governance.
5. Smart Contract & Data Security: Audited smart contracts & BNB Greenfield ensure both transactional and data integrity, which offers a truly secure and transparent experience for all users.
6. Broad Application: Beyond social interaction, Friend3’s pricing group mechanism disrupts various other rights-based scenarios, thereby extending its impact and utility across multiple domains.
7. Robust Partnerships: With the backing of industry giants like BNB Chain and OKX, Friend3 is poised for sustained growth and ecosystem development.
Why Pricing Groups Matter
- First-time Monetized Groups: This feature encourages group owners and early adopters to produce high-quality content, boosting overall platform quality.
- Decentralized Pricing Protects Users: The decentralized pricing model ensures that the value provided by a group is directly correlated with its cost, also offering exit and refund options.
- Inject Liquidity into Memberships: By extending the group concept to cover other rights-based scenarios, Friend3 injects liquidity into what would otherwise be rigid membership structures.
Business Model
Friend3 operates on a decentralized application framework, generating income primarily from transactions and donations within communities. The platform’s model encourages content creation, quality group engagement, and decentralized pricing mechanisms, thereby promoting a self-sustaining ecosystem. Friend3 also plans to roll out additional features and apps that would contribute to the revenue.
Competitive Landscape
The closest competitors to Friend3 are Friend.tech (Base Chain), Tomo (Linea), New Bitcoin City (BTC), Stars Arena (Avalanche), and Post.tech (Arbitrum).
What Sets Friend3 Apart:
- Customizable Pricing Curve: A first in the industry, Friend3 allows users and group owners to dynamically set their pricing.
- Innovative SocialFi Features: Friend3 aggregates key SocialFi elements like passive income mechanisms and multi-group creation, offering a richer social finance experience.
- Cross-Promotion and Strategic Partnerships: Friend3’s robust partnerships and donation token listings enable users to interact with a diversified portfolio.
- Security and Safety First: Audited, open-source smart contracts and decentralized data storage through BNB Greenfield ensure a secure environment.
- Community-Driven Governance: $F3 token holders have the unique ability to influence the platform’s direction and strategy.
- Integrated Ecosystem: Seamless integration with BNB and opBNB ecosystems provides a broad reach and native user growth.
Marketing Strategy
By weaving the following marketing strategies together, Friend3 aims to create a cohesive and dynamic marketing strategy that propels the platform into a leading position in the Web3 social space.
- Deep Collaboration with BNB Ecosystem: Friend3 has a strategic alignment with BNB and opBNB ecosystems to extend the reach. This integration allows Friend3 to tap into a larger user base and facilitates seamless transactions.
- Network Expansion and Cross-Promotion: Friend3’s unique donation feature has already led to partnerships with projects like FLOKI, SPACE ID, BakerySwap, and Coin98. Friend3 aims to further leverage these partnerships by listing their tokens on the platform for cross-marketing and mutual growth.
- Expansion to Other Social Platforms: To reach a broader audience, Friend3 plans to extend its presence beyond Twitter to platforms like Discord and Telegram, diversifying our user acquisition channels.
$F3 Token Utility
The $F3 utility token is designed to integrate with the Friend3 ecosystem to support decentralization and community growth. The initial core utilities are as follows:
- Access Control: Token holders gain exclusive access to premium chat rooms and specialized content.
- Payment Unit: Use $F3 as the primary currency for in-platform donations and consumer transactions. Enjoy potential discounts and premium features when using $F3.
- Governance: $F3 holders play a pivotal role in shaping the future of Friend3. They can propose, debate, and vote on key protocol decisions, including business metrics like revenue allocation. This empowers the community to drive the direction and strategy of Friend3.
- Staking: Stake $F3 tokens to earn rewards, increasing engagement and investment in the Friend3 ecosystem.
- Incentives: Used for rewarding user contributions, like content creation and community moderation.
- Ecosystem Development: By integrating with various DeFi protocols within Friend3, such as liquidity pools, lending, and trading, the utilities of $F3 are further magnified.
- Transaction Fees: Reduced transaction fees on the Friend3 platform for $F3 holders, making transactions smoother and more affordable.
$F3 token is launching on BNB chain. TGE token listing is mid to late November.
Roadmap
Meet The Friend3 Team
Our team’s diverse experience in technology, finance, and community engagement positions us well to achieve Friend3’s ambitious goals. With past successes in blockchain startups, tech leadership, and community building, we’re geared to make Friend3 the future of SocialFi.
Learn More About Friend3
Click the links below to connect with Friend3 and learn more.
- Website
- App (Beta)
- Telegram Channel
- Telegram Group
- White Paper
- GitHub
- DefiLlama
- DappRadar
Token Offering Details
Tokenomics
Secure Launch Process
To ensure a smooth launch, the Friend3 team has agreed to:
- Have their domain fully SSL certified one week prior to the launch date.
- Have their domain protected by Cloudflare and share the proof with TrustSwap prior to the launch date.
- Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
- Distribute tokens to launchpad participants within one hour of exchange listing.
- Provide the timeline for token distributions and distribute tokens within a one-hour window of the agreed-upon time.
- Lock 75% or more of team & dev fund tokens for a minimum of thirty days on http://team.finance/ within 6 hours after CEX listing.
- Have at least one community moderator on each social platform (Twitter, Discord, etc.) actively available 24 hours a day for the first 7 days following the launch.
Participation and Allocation
This Launchpad offering is for a Public Round allocation of the $F3 token. Anyone who wants to join can apply, but application does not guarantee an allocation.
As always, anyone with a $SWAP Staking Score of at least 4,000 can receive a guaranteed allocation provided that individuals (and entities) pass KYC (jurisdictional restrictions apply). Token allocation will be split up among eligible participants proportionately based on their percentage of the total combined Staking Scores. Any unclaimed allocations after the initial funding round will be offered to those who might otherwise be ineligible.
Visit the TrustSwap Dashboard to check your staking score. You can add more SWAP and/or increase the duration of your stakes at any time to increase your Staking Score. To learn more about Staking Scores and the TrustSwap Long-Term Staking Pool (LTSP), read our comprehensive blog post.
Step-By-Step Guide
Prepare for Launch Day by ensuring that your SWAP stakes are topped up before the snapshot. You can also complete your KYC in advance.
- On November 10th, 2023, at 5:00 PM UTC, the application window will open for 24 hours. During this time, go to the TrustSwap Launchpad and click the “Start” button to apply. The snapshot will be taken at 5 PM UTC on November 11th, 2023 (24 hours after the Launch event begins).
- Complete all of the steps required for KYC verification. This can be done in advance at any time for free in just a few minutes. To save time on launch day, complete your KYC registration now.
- On November 11th, 2023, at 5:00 PM UTC, the application portal will close, and a snapshot will be taken of all active SWAP stakes. There will then be a waiting period of up to 48 hours as the Friend3 team finalizes internal processes.
- Successful applicants will receive an email confirming their total allocation (the maximum amount they are allowed to contribute to the token offering) and asking how much they wish to contribute. Individual allocations will be either the full allocation or the pledged amount, whichever is lower.
- You will have 24 hours to send funds. After 24 hours, your position will be given to the next in line, and you will lose it. Payments must be sent in USDC or USDT on either Ethereum (ERC20), BSC (BEP20), or Polygon (MATIC) blockchain.
- Any tokens that are unclaimed after the initial funding round may be offered to those who applied successfully but were not eligible for guaranteed allocations.
How To Prepare
- Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens in the Long-Term Staking Portal before the snapshot on 11/11/2023 at 5:00 PM UTC.
- Take a photo of your government-issued ID card (Passport, Drivers License, or any other form of government-issued ID card that has your photo in it).*
- Take a selfie of yourself holding the ID card along with a note that reads: “F3 2023”.*
- Make sure to follow the TrustSwap Announcement channel for updates and confirmations.
- Submit your details and documents at any point during the 24-hour launch window at https://dashboard.trustswap.org/app/launchpads.
Note: Steps 2 and 3 are not necessary if you have an active KYC registration. You can save time by pre-registering at https://dashboard.trustswap.org/app/sekuritance.
Who Can Participate in the $F3 Token Offering?
Anyone not domiciled in the USA or UN-sanctioned countries can participate in the $F3 Public Round token offering.
Disclaimer: Launchpad dates and details are subject to change. This is not an endorsement, partnership, or offer for investment by TrustSwap. Friend3 is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.
