PostTech, a newcomer in the emerging SocialFi landscape, is challenging FriendTech, its predecessor. Here are some key differences between the two.
Team: FriendTech boasts strong backing from Coinbase and Paradigm, offering credibility and support. In contrast, PostTech's founders remain anonymous, which poses some accountability risks.
Tokenomics: PostTech introduces a revenue-sharing model where users earn a share of the 5% extra transaction fees from influencers they hold, eliminating the need for users to sell shares or become influencers themselves. FriendTech, on the other hand, has raised over $14 million in protocol fees, thanks to its early mover advantage.
User Experience: PostTech offers a user interface with a social media feel, making it more engaging for users. FriendTech, in contrast, appears more basic and currently functions more like a messaging application. This difference in user experience positions PostTech as a more interactive platform.
In summary, while FriendTech holds a significant lead in terms of accumulated fees and the backing of prominent investors, PostTech is making waves with its innovative revenue-sharing model and engaging user interface. Show Less
