In a surprising turn of events, the blockchain-centric social media initiative Friend.tech has decided to remain on the Coinbase blockchain, one of the leading cryptocurrency exchanges in the United States. This decision was shared in a recent statement on the social platform X, where Friend.tech (FRIEND) revealed that it has reconsidered its previous plan to migrate from Base and establish an independent blockchain, citing community input as the driving factor.

The announcement emphasized the community’s preference for FRIEND to stay put: “Your voices have been heard loud and clear: the migration of FRIEND to a different blockchain is not desired. We concur. The essence of FRIEND has always been its status as a token entirely governed by the community, integral to the Clubs contract. Moving the supply and liquidity would be contrary to this ethos. Rest assured, you can continue to form clubs, engage in conversations, purchase keys, and utilize FRIEND on Base within the friendtech application.”

Furthermore, Friend.tech has eliminated all protocol fees associated with BunnySwap, Clubs, and the initial version of their smart contracts. As a result, all fees will now benefit the traders, liquidity providers, and Club presidents within the community.

Previously, Friend.tech had announced its departure from Base to collaborate with Conduit, a company specializing in Ethereum (ETH) rollups, with the intention of launching Friendchain, its proprietary network. Since its inception in 2023, Friend.tech has enabled users to link their X accounts to their cryptocurrency wallets, fostering a decentralized finance (DeFi) environment within social media where enthusiasts and creators can interact.

At the moment of reporting, FRIEND is valued at $0.323, reflecting a 22.4% decline over the past day.

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