Crypto KOL: friend.tech is currently a typical Ponzi scheme, which easily causes FOMO mentality

ChainCatcher message, encrypted KOL Chen Jian Jason tweeted to share reasons for not recommending friend.tech.

He believes that friend.tech currently belongs to a typical Ponzi scheme, where the Token has no upper limit but the price grows exponentially with the number of holders, easily causing FOMO psychology. However, behind the exponential rise is a sharp drop once someone sells.

He also stated that the mission of friend.tech is to bring TVL to Base, requiring users to recharge first, with KOLs mainly serving as a volume-driving group. KOLs can profit by accumulating early, generating volume, and finally selling off. However, the trading volume is limited. If the goal is truly to achieve "fan monetization + value delivery," issuing NFTs and opening paid groups to recognize genuinely supportive users would be better, without relying on a Ponzi scheme.