FriendTech (index, index)
Joined August 2023
- Tweets94
- Following65
- Followers206
- Likes38
Pinned Tweet
Proposing Time-Bound 3,3
I started my 3,3 journey ~2 weeks ago, and my current portfolio value is ~100 ETH. While I've observed many positive aspects of 3,3, I've also identified potential issues that could arise in the mid to long term. In this post, I aim to outline these problems and suggest a potential solution - Time-Bound 3,3.
Important: I have NOT yet adopted this Time-Bound 3,3 strategy. This is merely a proposal for the 3,3 community, as I believe we need a realistic strategy moving forward.
Issues with the existing 3,3 strategy
- As the airdrop date approaches in a few months, it's clear that people will unwind their 3,3 positions around that time. Without a method to gradually release selling pressure beforehand, we risk chaos, with all diamond hands potentially becoming victims, much like what happened with OHM.
- Most 3,3 players simply lack the capital to maintain 3,3. When they run out of ETH, they can't continue the game without selling, which could trigger 3,3 cascades.
- There's a shortage of new, strong 3,3 players. While there may be many new 3,3 players each day, most lack sufficient capital or are brand new accounts with no track record. I believe the risk and responsibility of a 3,3 bond is too much for most. We need to find ways for players to take profit, or we won't get enough new players.
- The current 3,3 game is somewhat unfair to smaller 3,3 players. For instance, if a small player enters an equal value 3,3 deal with a larger player (say 2:1), the larger player can take profit by selling a key anytime and keep one for the bond, while the smaller player can't take profit and must assume all risks. Again, we need to create ways for people to take profit, or no one will join.
- There are many 3,3 ruggers. I've been rugged multiple times and, while I hate them, I understand why they chose to rug (Note: Here, I'm solely referring to the act of dumping 3,3 keys, not the act of dumping self keys). They likely wanted to protect their capital while they still could, as they were uncertain about the sustainability of the existing 3,3 strategy. Many didn't even profit much from their rugs, they were simply trying to protect their capital.
- In essence, all these problems boil down to one issue: There's no realistic profit-taking or exit strategy for 3,3 players.
Time-Bound 3,3
I propose Time-Bound 3,3, a 3,3 bond with a deadline. The 3,3 bond will expire after the deadline, freeing them from any obligation to hold each other. I suggest a one-month time-bound. While one month may seem short, it's a long time in friendtech (which is only ~2 months old, yet has seen many developments). Some benefits of Time-Bound 3,3 include:
- Providing a realistic profit-taking and exit strategy for 3,3 players, while still requiring a significant commitment from them (not selling for one month).
- Allowing people to release selling pressure before the airdrop in a few months, smoothing the transition from pre-airdrop to post-airdrop period.
- Healthily releasing the financial pressure of 3,3 players, allowing them to sell keys without being seen as defectors, which could prevent severe 3,3 cascades.
- Being more welcoming to new 3,3 players, as there's less responsibility to join, and they can clearly see potential profits.
- Being fairer to small 3,3 players, as they have a realistic way to profit when they enter an equal value 3,3 with larger players.
- Reducing people's motivation to rug. If they see how 3,3 can be sustainable and profitable, there will be less motivation to sell 3,3 keys irresponsibly.
I look forward to your feedback.
Tagging some 3,3 players for awareness:
@Cbb0fe
@dingalingts
@0x5f_eth
@Cryptoyieldinfo
@cryptowilliamm
@The_Bogfather
@sayinshallah
@VentureCoinist
@0xmj23
@0xBreadguy
@const_phoenixed
@fewture
@0xMakesy
Index Capital retweeted
sold $BANJO for 6.52 SOL
> wallet balance: 696.61
&
> event: giveaway
> requirements: rt, like, follow, send wallet
> winners: 5 x 1.0 SOL
🚀Yo! Can’t believe that my Friend.Tech worth 696 points with @BasePerp!
Check your Friend.Tech score at @BasePerp and earn 🎁Mystery Boxes.
🔵Join #BasePerpAirdrop. Be Early and Be Wealthy🛥️ quest.baseperp.com?refer=Fdf… via @BasePerp
I just deposited ~500 AVAX to my @starsarenacom account, let's see what i can do there. Will deposit more if it goes well.
Use my ref link, I may buy you back (if there is a way for me to know who used the link):
starsarena.com/?ref=IndexInd…
If you don't know me, just look at my wallet balance and portfolio value in my friendtech account:
I'm buying super cheap keys! 🔥🔥
1. Add me to your watchlist (friend.tech/IndexIndexFT)
2. Follow, like and repost
3. Post your ft link
4. Post short description of why I should buy you
Index Capital retweeted
Just deposited 50 ETH more into @friendtech to launch my FT campaign.
friend.tech/John0xer
I've been actively engaged with FT since its Day 3 of release. Currently, my portfolio value is around 60 ETH. I'm a diamond hand investor, rarely selling the keys I purchase. While I'm largely indifferent to short-term key price fluctuations, I took the initiative to ape in OGs early on. Notable names include @DujunX, @BMANLead, @cryptowilliamm, @Christianeth, @pokeepandaa, @matthuang, and several more.
Furthermore, I've acquired keys from friends I know in reality, as well as those I've met through FT. Some of these include @Ysiu, @0xPrismatic, @jennyqcheng, @yuyue_chris, @0xAmberBella, and notably @Alvin0617, (who is my biggest key holder at the moment haha)
Being a founding member of @spiritdao, I've naturally supported my NFT peers and Spiritdao friends. This group includes @dingalingts, @FLC_FlooringLab, @ZAGABOND, @IcedcoffeeEth ,@Bamedi_, @GrantlandOG, and many others.
A significant driver behind my active engagement on FT is my ongoing Web3 Game Project, @SpaceX_Adv . This venture pioneers a fresh narrative known as the NFT Sharing Economy, aiming to revive the NFT space. It is also probably the first Web3 Game with immersive Web3 Culture. I'm aiming to forge lasting partnerships for our project via FT.
With this in mind, I'm eager to foster a community on FT which could also be the early users of the project. Here's the plan of FT campaign and utilization of the 50 ETH:
1. (3,3) Campaign
For friends who purchase my key with their key price under 0.33 ETH, I'll utilize the 50 ETH to initiate a (3,3). For those with a higher key price(>0.33eth), we can exchange keys once mine appreciates.
2. NFT Giveaways
While I may not have an infinite NFT inventory like @dingalingts, I possess several NFTs such as Azuki, Elemental, Beanz, Mocaverse, HV-MTL, Milady, Pudgy, and others. These will be part of Giveaways for my key holders on a weekly or biweekly basis.
3. 100% Trading Fee Directed Towards My Key Holders' Benefit
To ensure the prosperity of my key holders and the community, all trading fees will be channeled into buying back my keys, funding NFT giveaway and ETH lucky draws.
4. Acquiring Keys of Potential FT Users:
I'm eager to connect with and ape in potential FT users. Thus, a portion of the 50 ETH will be allocated to acquiring their keys.
More campaign might be considered and more ETH might be deployed:)
To kick things off, I'm launching a Twitter/X campaign. For those who like and retweet this post, and follow @SpaceX_Adv (by 7th Oct 23:59 UTC+8), they'll stand a chance to win ONE BeanZ giveaway. If this tweet garners over 300 likes and retweets, and 1000 followers of @Space_Adv combined, I'll add ONE @MocaverseNFT to the giveaway pool.
Also, if you wish for me to purchase your key, kindly comment below, stating your reasons! I will Select 10 whose key price under 0.1 ETH to purchase.
中文版本
剛剛Deposit 了 50 ETH 到@friendtech ，去啟動FT運營活動。
friend.tech/John0xer
我是從FT發布的第三天開始就一直積極參與的。目前，我的Portfolio Value 價值大約為60 ETH。我是個FT的diamond hand，很少出售我買的Key。我不太在意短期的Key price的波動，早期投資了不少OGs並一直持有。其中包括@DujunX, @BMANLead, @cryptowilliamm, @Christianeth, @pokeepandaa, @matthuang等。
另外，我也買了不少現實中認識的Web3 朋友以及通過FT認識的朋友的Key。其中包括@Ysiu, @0xPrismatic, @jennyqcheng, @btcdayu, @yuyue_chris, @0xAmberBella，尤其是@Alvin0617，他目前是我最大的Key holder 哈哈。
作為@spiritdao的創始成員，我自然支持了我的Spiritdao 和 NFT圈的朋友，包括@dingalingts, @FLC_FlooringLab, @ZAGABOND, @IcedcoffeeEth ,@Bamedi_, @GrantlandOG等。
我積極參與FT的一個重要原因是我正在build 一個 Web3 遊戲項目@SpaceX_adv。這個Project提出了一個新的Narrative - NFT Sharing Economy，希望可以為 NFT Space 帶來點創新。另外，它也大概是第一款擁有豐富 Web3 文化的 Web3 遊戲。我希望通過FT為我們的項目建立長期的合作夥伴關系。
考慮到這一點，我也希望在FT上培育一個社區，可能也會成為我們項目的早期支持者和玩家。
以下是我的FT運營計劃和如何使用50 ETH的方式：
1. (3,3) 活動
對於購買了我的Key且Key價格低於0.33 ETH的朋友，我會使用這50 ETH來啟動(3,3)。對於Key價格較高的人(>0.33eth)，如果我的Key價格上升，我們可以交換Key。
2. NFT Giveaways
雖然我可能沒有像@dingalingts那樣無限的NFT Inventory，但我擁有Azuki、Elemental、Beanz、Mocaverse、HV-MTL、Milady、Pudgy等眾多NFT。這些將是我Weekly或Bi-weekly為Key Holder舉辦的Giveaway的一部分。
3. 100% 交易費用用於社群福利
為了回饋我的Key Holder和保持社區的活躍，所有收到的交易費都將用於回購我的Key和定期舉行的NFT 和 ETH Giveaway。
4. 買入有潛力的FT用戶的Key
我希望認識有潛力的FT用戶並Ape in 他們的Key。因此，50 ETH的一部分將會買入他們的Key。
我也會考慮更多的營運方式和Deploy更多的ETH:)
這個Tweet也會啟動一個Twitter/X Giveaway活動。任何Like, Retweet 此帖+Follow @SpaceX_Adv 的人將抽出一位獲得一個 BeanZ ( 10月7日 23:59 UTC+8 截止)。如果這個Tweet有收獲超過300 個likes和Retweet，及 1000個 @SpaceX_Adv 的Followers，我會加碼一個 Mocaverse NFT 送出給多一名參與者。
最後，如果你想讓我購買你的Key，請在下面回覆和給出理由！我會選10位Key price低於0.1 ETH去購買
Portfolio value finally reached 100 ETH🫡🫡
(3,3)ing with people with good onchain record, dm if unsure
Sincere apology to my keyholders and people who trusted me
Overview of what happened
1. I was questioned about an account (@FomoPika) that held 10 of my keys.
2. I publicly confirmed that it is my alt.
3. Following discussions about this account, I sent out this message:
4. As a result, keyholders felt insecure and began to sell their keys. Please note, I did not sell any of my keys.
What I did wrong
1. I should have been more transparent about my alt, rather than waiting to be asked.
2. My proposed solution involved selling 2 keys, which indeed reflected my greed and short-sightedness.
3. The fact that I own 10 self keys may have caused confusion and misunderstanding. When I set the key buying requirements, I stated that "the user must not hold too many self keys" (The context was that friendtech was flooded with users holding >100 self keys, which I referred to as "too many"). However, I failed to clearly define what I meant by "too many" self keys, which led to misinterpretations.
Steps Taken for Rectification
To rectify my actions, I have swapped all my 10 keys with 3,3 communities.
Clarifications
I understand that my actions may not be easily forgiven, but I want to clarify a few points:
- I was honest about my alt.
- I did not sell any of my keys.
- The message I sent was not a sales notice, but a request for suggestions from my keyholders.
- Selling self-buy keys due to self-buy nerf is a common practice in Friendtech. My proposal to sell 2 keys is minimal compared to others.
- I believe one of the main reasons for the key dumping was the unfortunate coincidence with the fundpublic777 incident, which occurred on the same day as my incident.
Conclusion
I am not a scammer or a rugger. I made mistakes, and I am committed to learning from them. I appreciate your understanding and patience as I work to regain your trust.
I made a mistake, I was greedy and short-sighted. I understand that it may be too late, and I may no longer deserve your trust. However, I will make a proper apology tomorrow and strive to make things right. Sorry.
Another crazy day! 🔥🔥
- My key price jumped from a low of 0.63 to 0.915 (>45%)!
- Formed many strong (hodl, hodl) bonds!
- Spent >12 ETH buying 22 keys in just the last 12 hours.
- Met many active 3,3 users.
- Watch list 3,3 with key holders.
The power of 3,3 is unbelievable! 🤝🤝
What a remarkable day it has been!
- My key price went up from <0.2 to 0.7 eth (>250%)
- I bought some high quality keys (e.g. @0xRacerAlt, @SmallCapScience)
- Most importantly, some strong (hodl,hodl) bonds were formed!
I examined all my key holders and conducted a thorough review!
Some of them are truly outstanding, such as @MrNeverPullsOut who has a 100% (fren, fren) score on Octav with a portfolio value exceeding 70 eth!
I 3,3ed all of those who met my (hodl, hodl) criteria.
Today's criteria included:
- Defection rate < 10%
- Total spent/Total sales > 1.5
- Portfolio value > 10 ETH
- Other general criteria like reasonable price and minimal self keys
Here are some tools I utilized:
frentech.octav.fi/
dune.com/makesy/friendtech-0…
dune.com/0xbreadguy/ultimate…
Insider Digest
Daily AI-Generated Crypto Updates from Top @friendtech Chatrooms
2023-09-23
Market Overview
The general sentiment appears to be positive, with discussions around growth, value, and potential trading opportunities. There are mentions of price increases and holder count growth, indicating a bullish market trend.
Key Discussions
1. Market Performance: There are several discussions around the performance of various cryptocurrencies. For instance, there are mentions of a key price increase from 3.63e to 3.84e, representing a 6% growth.
2. Trading Opportunities: Some users discuss potential trading opportunities, such as undervalued assets. However, these suggestions are not always agreed upon, as seen in a response declining a suggested trade.
3. Community Growth: The growth of the cryptocurrency community is also a topic of discussion. For example, one user mentions an increase in holder count from 162 to 164 and a network of 2553 friends at 410e.
4. Market Predictions: There are predictions about future market performance, such as a user aiming for a top 5 leaderboard spot after reaching the top 10.
Trading Opportunities
The data suggests that there are potential trading opportunities in the market. For instance, one user mentions being ready for points, indicating a potential trading strategy. However, it's important to note that these are individual opinions and should not be taken as financial advice.
Key Quotes
1. "Good day of content + work behind the scenes. I am ready for points tmrw."
2. "3e and top 10 now. Next target, top 5."
3. "Validated from all the blood in NFT markets."
4. "I’ll be here grinding no matter what. We gonna bounce when capital flows back in."
In conclusion, the data provides valuable insights into the current state of the cryptocurrency market, key discussions among influential figures, and potential trading opportunities. However, it's crucial to conduct further research and consider multiple sources before making any investment decisions.
Rebranding Announcement
This account will be rebranded from IndexIndex to Index Capital. Key holders will still have access to the Discord server, which aggregates content from over 50 top friendtech chatrooms. While I will continue to maintain the Discord server, my primary focus will shift towards investment.
Why the change?
I believe @friendtech represents the next phase of crypto, possessing immense potential that I wish to invest further into. I've just deposited an additional 200 ETH into my account, ready to buy more keys depending on market conditions.
(hodl, hodl)
After careful observation and understanding of the (3,3) movement, I am convinced that a selective (3,3) approach, coupled with detailed due diligence, is the optimal strategy in the current meta. I have decided to join the (3,3) movement, but will be selective in whose key I buy back. If you buy my key, I will buy back yours only if you meet certain criteria.
The users I will buy back from are what I term as (hodl, hodl) users, with my current requirements being:
1. Strong (3,3) user (low defection rate).
2. Primarily buy-and-hold trading style (a good example of which is @fewture, who has invested over 170 ETH and sold less than 9 ETH in total).
3. Power user (active with a portfolio value > 10 ETH).
Additional requirements include: the user must not hold too many self keys, and the key price must not be significantly higher than my current key price.
Why is (hodl, hodl) important?
My goal extends beyond merely increasing my key price, I aim to gradually increase the proportion of (hodl, hodl) users among my key holders. As stated, I only buy back (hodl, hodl) keys, which will discourage weak hands from buying my key. While this may reduce the number of potential buyers, it will gradually increase the proportion of quality buyers over time. As (hodl, hodl) users rarely sell, I anticipate a steady growth in my key price with minimal drawdown.
My plan to reach my first target of 1 ETH key price
To reach a key price of 1 ETH, I need approximately 80 new buyers. In theory, this can be achieved by buying 80 (hodl, hodl) users who will reciprocate. However, in practice, there may not be enough (hodl, hodl) users with a key price similar to mine. I will patiently seek them out, understanding that finding the right key to buy may take time, but I am confident in eventually reaching my goal.
What can you expect if you buy my key?
- As mentioned earlier, I've deposited 200 ETH into my account. You can influence how I spend these ETH through discussions in my chatroom. Besides playing the (hodl, hodl) game, I also plan to invest in other keys.
- If you're interested in my investment style and have questions, I will try to answer most of them.
- You will also have access to my Discord, which aggregates content from top Friendtech chatrooms (>50 rooms and growing).
- I will buy back your key if you are a (hodl, hodl) user.
- The composition of my key holders will become increasingly (hodl, hodl). Since (hodl, hodl) users rarely sell, I expect my key price will steadily grow with minimal drawdown.
Why choose to rebrand during this challenging time in friendtech?
With prices down, self-buy users prevalent, and people moving to forks like Post Tech, this may seem like the worst time to announce anything expecting positive feedback. However, I wish to demonstrate my confidence in friendtech. I am here for the long term, even in the toughest situations. I am not interested in creating hype, but in achieving steady growth.
Stay tuned for an upcoming announcement about the rebranding of my account. While I'll continue to manage the Discord server, the primary purpose of this account will undergo a transformation.
IndexIndex Insider Digest
Daily AI-Generated Crypto Updates from Top @friendtech Chatrooms
2023-09-22
Market Overview
The market sentiment appears to be optimistic, with several mentions of new opportunities and potential growth. There are discussions about new platforms and technologies, such as the mention of a new FT-like app called "Post Tech". There's also a mention of a user making ~2e in trading fees in just 2 hours on post.tech, indicating a potentially profitable trading platform.
Key Discussions
1. Airdrop Shares: There's a discussion about Airdrop shares, with different percentages of shares being mentioned (1%, 10%, and 30%). This could be a potential investment opportunity for those involved.
2. Investment in Discord Rooms: One user mentions having about 15 ETH to spend on new rooms in Discord. This indicates a trend of using Discord as a platform for cryptocurrency discussions and transactions.
3. Trading Fees: A user mentions earning trading fees on a platform called post.tech, indicating that this platform might be a good place for trading and earning fees.
Trading Opportunities
1. Post Tech: This new platform is mentioned as a place where a user has already made significant trading fees. This could be a potential trading opportunity.
2. Airdrop Shares: The discussion about different percentages of Airdrop shares could indicate a potential trading or investment opportunity.
Key Quotes
1. "Nearly every channel is automated in discord, have about 15 ETH now to spend on new rooms if there’s any were missing that you’d want to aggregate, please let me know."
2. "So I made a post.tech account and in 2 hours I made ~2e in trading fees! Pretty interesting product. Its X with paid DMs."
Due to the ongoing situation with Salience and the lack of response from Racer and the FT team, we've transitioned our content source from Salience to Herro for most channels. Currently, Herro's channels only contain images, but we anticipate automation to be active within this week.
While Salience's channels are being phased out, they will remain on our discord server temporarily for reference purposes. They may be removed once Herro's automation is fully operational.
Please be aware that our Discord server has undergone restructuring, and old channels are being phased out. If you notice any anomalies, it could be due to your device caching old data. To rectify this, please log out, restart Discord, and log back in.
IndexIndex Insider Digest
Daily AI-Generated Crypto Updates from Top @friendtech Chatrooms
2023-09-15
Market Overview
The file contains a series of messages from influential figures in the cryptocurrency industry. The discussions cover a wide range of topics, from market trends and trading strategies to specific cryptocurrencies and blockchain technologies.
Key Discussions
1. Security and Wallets: There are several discussions about the security of wallets and the importance of hardware wallets for securing cryptocurrencies. This indicates a high level of concern about security in the cryptocurrency community.
2. Trading Opportunities: Some users discuss potential trading opportunities, such as the potential for certain cryptocurrencies to increase in value. For example, one user mentions a private sale on MARSSWAP and another talks about taking profits on FT.
3. Community Engagement: There are numerous instances of community engagement, with users frequently greeting each other and discussing various topics. This suggests a strong sense of community among these cryptocurrency influencers.
Trading Opportunities
The messages suggest several potential trading opportunities:
1. MARSSWAP: One user mentions participating in a private sale on MARSSWAP, indicating potential interest in this platform.
2. FT Profits: Another user discusses taking profits on FT, suggesting that this cryptocurrency may have recently increased in value.
Key Quotes
1. "well can already export keys to rabby easily enough...but i really hope we have a mechanism to get onto hardware wallet that is only thing making me uncomfortable adding even more ETH here" - This quote highlights the importance of security in cryptocurrency trading.
2. "Doing this private sale on MARSSWAP - marswapstaking.com/tokenico-… Team is active, raise is low. 50% to liquidity and private sale price = listing price." - This quote suggests a potential trading opportunity on MARSSWAP.
3. "Took some more profits on FT. I focused on accounts that no longer owned me back which means they sold my shares at some point." - This quote indicates a recent increase in the value of FT.
IndexIndex Insider Digest
Daily AI-Generated Crypto Updates from Top FriendTech Chatrooms
2023-09-14
Market Overview
The messages in the file indicate a vibrant discussion around various aspects of the cryptocurrency market. The topics range from trading strategies, market conditions, to specific cryptocurrencies and their potential.
Key Discussions
1. Trading Strategies and Market Conditions: There are several discussions around trading strategies, with users sharing their thoughts on holding positions, taking profits, and setting stop losses. For example, one user advises holding onto short positions given the current market conditions and trailing stop losses to the prior technical range.
2. Cryptocurrency Specific Discussions: There are mentions of specific cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC). One user congratulates another for a successful trade involving ETH.
3. Regulatory Concerns: There are discussions around potential regulatory actions, particularly concerning Binance. Users discuss the potential implications of the U.S. Department of Justice (DOJ) investigating Binance and the possibility of a settlement.
4. Community Engagement: The messages also show a strong sense of community among the users. There are numerous greetings and expressions of appreciation, indicating a supportive and engaged community.
Trading Opportunities
1. Short Positions: One user suggests that holding onto short positions in the current market conditions could be a profitable strategy.
2. Cryptocurrency Buys: There are mentions of successful buys at low prices, suggesting that careful market observation and timing can lead to profitable trades.
Key Quotes
1. "degenwave saw one of your buys was 0.03025 ETH - congrats you are the first 100x'er still HODLing here!" - This quote highlights a successful trade and the potential for high returns in the cryptocurrency market.
2. "CPI tomorrow. Will be in for some action. Eventful day tomorrow I think." - This quote suggests anticipation of market volatility, potentially offering trading opportunities.
3. "It has been widely reported by multiple outlets since 2021 that the DOJ have been investigating, that for sure is happening." - This quote highlights the ongoing regulatory concerns around Binance, which could impact the market.
4. "Bored Levi Yacht Club💎⚡️is going viral. We doubled our discord member today and landed a few more partnerships." - This quote indicates the growth and vibrancy of the cryptocurrency community.