Post Tech: The New Hot Kid

Bullish or bearish!

Sep 23, 2023

It’s the 30th edition already, wow. Today, let’s examine the new hot kid in town, the Friend Tech competitor making waves already. Plus other alphas, as usual.

There’s only one way to describe most investors: trend followers. Superior investors are the exact opposite. Superior investing requires second-level thinking. - Howard Marks

For a couple of weeks, Friend.Tech, a novel social networking app, has been trending all over Crypto Twitter (X), amassing many users and dominating Base L2’s TVL. Not just that, it also attracted some of the biggest crypto influencers, who, in turn, onboarded their audience through unique invite codes.

When we thought we’d seen it all on Friend.Tech, lo and behold, a rival app known as Post.Tech emerges.

Post.Tech, like Friend.Tech, is a novel networking media app that incentivizes activities like trading shares, inviting friends, holding shares, etc. It has a better UI compared to Friend.Tech.

The main difference between the two apps is that while Friend.Tech is built on Base L2 Network, Post.Tech is built on Arbitrum.

Post.Tech’s recently did over $5M in daily volume, receiving over 218Eth so far in protocol fees. Here are the stats:

Up in fees/revenue

Post.Tech is exciting and is dominating the moment. However, there are some security concerns and red flags pointed out by some users.

On this, I think the statement was not clearly thought. The reason is that some words are problematic in crypto and finance and are not advised. Examples are words like wealthy, rich, profit, etc.

So far, Friend.Tech has been a success and riding on that wave Post.Tech is not distant from its main rival. The two apps clearly started with incentives and promises of future airdrops for users. Not to justify the team’s statement, but I think it’s worth trying (not financial advice, of course).

Here are some invite codes for you:

pt-8bm9o5rlu7
pt-i2c0yat3h6
pt-tqvav8tcxh

Enjoy the ride.

Sneak Peak into GambleFi

The Nevada Gaming Control Board confirmed that the state’s casino industry generated a record $1.4 billion in revenue in July, representing a YoY increase of about 7%.

This could lead to a resurgence of the GambleFi summer. And it might just be time to start stacking those gamblefi tokens. The storm might come earlier than anticipated.