Friend.tech, a new decentralized social media app for crypto, has received backlash for penalizing users who try out forks or copycat versions of its tokenized platform. The app has been airdropping reward points to beta testers, but has not yet disclosed their ultimate purpose.
The announcement of the penalty has been met with negative comments and reposts, with some calling it anti-competitive. The app has also seen a decline in activity, inflows, and volume over the past few days.
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