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Showing posts with the label rewards

Friend.tech imposes penalties on fork users amid revenue slump 

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Friend.tech, a decentralized social media on the Base blockchain, has announced punitive measures against users who opt for forks or copycat versions of its platform. The official Friend.tech X account had tweeted on Aug. 28 that users migrating to forked or copycat versions would automatically be disqualified from earning “reward points.” They would also lose any points they had previously accumulated. However, the tweet has since been deleted. Deleted tweet from Friend.tech on Aug. 28. The platform has been airdropping these reward points to its beta testers weekly, with plans to distribute 100 million points over six months.  However, the team has been cryptic about the ultimate utility of these points, stating that they “will have a special purpose” once the app is officially launched.  Speculations are rife, with some expecting these points to be converted into governance tokens for the Friend.tech platform, while others see potential financial ...

Winklevoss slams DCG's Silbert — Not even SBF was 'capable of such delusion'

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In an open letter, Cameron Winklevoss slammed DCG's Barry Silbert for allegedly playing the victim card while owing $1.2 billion to Gemini’s 232,000 Earn customers. Crypto exchange Gemini founder and CEO Cameron Winklevoss is again threatening to sue Digital Currency Group and its CEO Barry Silbert over delays in the resolution of Genesis for its Earn customers while slamming the CEOfor allegedly trying to play the victim card. In the July 3 “Open Letter to Barry Silbert,” Winklevoss alleged the DCG enterprise had engaged in “fraudulent behavior” via a “culture of lies and deceit” — which have come at the expense of Gemini’s 232,000 Earn users. Earn Update: An Open Letter to @BarrySilbert pic.twitter.com/ErsYpcEjQD — Cameron Winklevoss (@cameron) July 4, 2023 Among the accusations, Winklevoss’ strongly-worded letter alleges that Silbert intentionally delayed resolution through “abuse” of the mediation process, stating:  "Mediation has given DCG an indefinite forbearance on ...