Friend.tech has faced criticism for its decision to penalize users who choose to use forks or copycat versions of its tokenized social media platform. The company warned that users who make this choice will forfeit their existing points and will no longer be able to earn new ones. The announcement received negative feedback from the crypto community, with many criticizing the app for its anti-competitive move. In response to the backlash, Friend.tech’s founder issued an apology statement, acknowledging that the earlier decision was a mistake made out of fear of potential competition. Since its public launch, Friend.tech has seen a decline in key metrics such as activity, inflows, and volume.
