Friend.tech Share Price Calculator
How It Works
The price of a Friend.tech share is calculated using the formula: price = (U + 1)² / S ETH, where:
- S = Total number of shares minted for a user
- U = Number of shares currently owned by the buyer
This quadratic bonding curve means early buyers get cheaper shares, but prices rise rapidly as more people join.
Calculated Price
ETH
This is the price for the next share you would buy.
Price Simulation
As more shares are purchased, the price increases dramatically due to the quadratic nature of the formula. Try different values to see how the price changes!
| Shares Owned (U) | Next Share Price (ETH) |
|---|
TL;DR
- Friend.tech is a decentralized social app built on Base where you buy and sell tokenized shares of creators.
- The native coin, FRIEND, represents those share tokens and fuels platform fees.
- Buying shares unlocks private chat access with the creator, creating a direct monetary link between influence and revenue.
- Pricing follows a transparent supply‑demand formula; each trade incurs a small tax that goes to the creator.
- Getting started requires a Base‑compatible wallet, a funded ETH balance, and a linked Twitter account.
What is Friend.tech?
Friend.tech is a blockchain‑based decentralized social media platform that lets users trade shares of public personalities as tokenized assets. The app lives on Base, Coinbase’s Layer2 solution, which keeps gas fees low enough for frequent micro‑transactions. Users connect their Twitter handles, fund a crypto wallet, and then can buy or sell FRIEND token shares of anyone else on the platform.
How does the FRIEND token work?
The FRIEND token is not a traditional coin you hold for speculation alone. Each user’s profile spawns its own pool of social shares. When you purchase a share, you receive a unique ERC‑20 token that represents a fractional ownership of that creator’s “social capital.” The more people trade a creator’s shares, the higher the price and the larger the tax revenue that flows back to the creator.
Every trade carries a 2% transaction tax. Half of that tax is automatically sent to the creator whose shares were traded; the remainder is burned to keep the overall supply in check. This mechanism ensures that active trading directly rewards the influencer, aligning financial incentives with community engagement.
Share‑trading mechanics and pricing formula
The price of a share follows a deterministic bonding curve:
- Let S be the total number of shares minted for a user.
- Let U be the number of shares currently owned by the buyer.
- The next share price is calculated as price = (U + 1)² / S ETH.
Because the curve is quadratic, early buyers get cheap entry, but the price skyrockets as the community saturates the share pool. The formula is open‑source, so anyone can verify price changes on‑chain.
Token‑gated private chats and creator monetization
Owning at least one share of a creator unlocks a private chat channel with that creator. This is the core value proposition: users pay to talk directly with the influencer they admire, and creators earn every time anyone buys or sells their shares. The model has produced headline‑making valuations-some creators have seen their share price exceed 2ETH, translating to thousands of dollars in daily revenue.
Technical architecture: Base, wallets, and gas costs
Friend.tech runs on Base, a Layer2 network built on Ethereum. Base’s roll‑up design reduces transaction fees to a few cents, making it practical to trade shares multiple times a day. Users must have a compatible wallet (e.g., MetaMask, Coinbase Wallet) with a small amount of ETH on Base to cover gas. The platform does not hold users’ private keys; all trades happen on‑chain, preserving decentralization.
How Friend.tech compares with other social‑token platforms
| Feature | Friend.tech | BitClout (DeSo) | Rally | Patreon |
|---|---|---|---|---|
| Blockchain layer | Base (Layer2) | DeSo (own chain) | Ethereum L1 | None (centralized) |
| Primary utility | Token‑gated private chat access | Profile‑wide token ownership | Collectible creator tokens | Subscription‑based content |
| Transaction fees | ~$0.05 per trade (Base) | ~$0.30 per trade | ~$1‑$2 per trade (Ethereum) | Platform fees (5‑12%) |
| Revenue model for creators | 2% tax on every share trade | 5% platform cut + token appreciation | 5% royalty on secondary sales | Monthly subscription revenue |
| On‑chain transparency | Full price curve visible | Partial (some off‑chain data) | Fully on‑chain | None |
Risks, challenges, and regulatory outlook
While the model is innovative, several risk factors matter:
- Speculative bubbles: Share prices can soar quickly based on hype, then crash if demand fades.
- Regulatory uncertainty: Some jurisdictions may treat creator shares as securities, triggering compliance burdens.
- Entry barrier: Users need a crypto wallet, Base ETH balance, and a Twitter account, limiting mainstream adoption.
- Market manipulation: Coordinated buying or “pump‑and‑dump” schemes have been reported on smaller creator pools.
Mitigation strategies include diversifying across multiple creators, setting stop‑loss limits, and staying informed about local crypto regulations.
Step‑by‑step: How to start on Friend.tech
- Install a Base‑compatible wallet (MetaMask, Coinbase Wallet). Switch the network to Base.
- Buy a small amount of ETH on Base (you can bridge from Ethereum mainnet using the official Bridge UI).
- Visit the Friend.tech web app and click “Connect Twitter.” Authorize the app to read your public profile.
- Link your wallet; the platform will create a unique contract address for your social shares.
- Browse the list of creators, select a profile you want to follow, and click “Buy Share.” Confirm the transaction in your wallet.
- Once the transaction confirms (usually < 30seconds on Base), you’ll see a green check and gain access to the private chat.
- To sell, go to your portfolio, select the share, and choose “Sell.” The same 2% tax applies.
Tip: Start with a modest amount (e.g., 0.01ETH) to learn the pricing curve and see how quickly you can recoup the trade tax.
Future outlook and community buzz
The platform’s roadmap hints at a native FRIEND airdrop that could distribute additional tokens to early participants. A dedicated “Airdrop” tab already shows eligibility criteria, suggesting the team plans to reward community growth. Long‑term success will depend on expanding beyond crypto‑savvy users while preserving the financial incentives that power the current ecosystem.
Frequently Asked Questions
What is the difference between FRIEND shares and a regular cryptocurrency?
FRIEND shares are tokenized representations of a creator’s social influence. Their value fluctuates based on how many people trade them, whereas a typical cryptocurrency like ETH is valued by broader market dynamics.
Do I need to hold ETH to use Friend.tech?
Yes, you need a small amount of ETH on the Base network to pay gas for each transaction. The fees are usually just a few cents.
Can I sell my shares for a profit?
Potentially. If demand for a creator’s shares rises, you can sell at a higher price than you bought. Remember the 2% tax on each trade, and be aware of price volatility.
Is Friend.tech regulated?
Regulation varies by jurisdiction. Some countries may treat creator shares as securities, which could impose compliance requirements. Always check local laws before investing.
What happens to my shares if a creator leaves the platform?
If a creator deactivates their account, their share contract is frozen, and you can no longer trade or access the private chat. The tokens become essentially dead‑coins.
Comments
Angela Yeager
Friend.tech uses a quadratic bonding curve, so the earlier you buy, the cheaper the shares. The formula (U+1)^2 / S in ETH means price scales with how many shares are already minted. It also has a 2% tax split between the creator and burn, which adds a small deflationary pressure.
vipin kumar
Sounds like another way for the elite to siphon ETH while pretending it's a community thing. Every new share pushes the price up, so the system rewards insiders who get in first and leaves the rest chasing an ever‑inflating curve.
Lara Cocchetti
It is deeply unsettling how Friend.tech packages a classic Ponzi‑like mechanism behind a veneer of social networking. The quadratic formula ensures that early adopters, often those with inside connections, reap disproportionate gains while later participants pay ever‑higher prices. This structure conveniently funnels wealth toward a select few, masquerading as a decentralized finance experiment. The 2% tax, half of which is burned, is presented as a deflationary feature, yet it merely obscures where the remaining half truly goes. Most users are unaware that the creator pocketing the tax can accumulate substantial ETH without any transparent accounting. By tying social reputation to share ownership, the platform creates a feedback loop where popularity translates directly into financial power. In practice, this means that influencers can amplify their earnings simply by encouraging fans to buy shares, without delivering any real utility. Moreover, the smart contract code is often opaque, leaving investors vulnerable to hidden backdoors or malicious updates. Regulatory scrutiny is likely to increase as authorities recognize the similarity to illegal securities schemes. While some argue that the market dynamics are purely voluntary, history shows that such systems inevitably collapse, leaving late‑comers with worthless tokens. Ethical considerations demand that participants understand the inherent risks and the potential for manipulation. Transparency, if truly desired, would require open audits and clear disclosures about fund flows. Until then, the platform remains a playground for the financially savvy to extract value from the less informed masses. Ultimately, the promise of democratized finance is subverted when the mechanics favor those already in positions of power. Prospective users should approach Friend.tech with a critical eye and a healthy dose of skepticism.
Mark Briggs
Wow another genius idea. Buy low sell higher. Simple math.