Guide to Use the Hottest Dapp on Ethereum

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Key takeaways: is a crypto-powered social network that took the Ethereum world by storm in August 2023. Users on must buy shares of another person in order to chat with them. Users sign up on using their Twitter accounts. Each individual will have shares tied to their account. The shares tied to an individual can be bought and sold, depending on which the price of their shares goes up and down. However, privacy concerns like access to user twitter accounts have surfaced which may deter new users. Learn how to use and its possible risks here.

A crypto-powered social media platform is taking the crypto world by storm. is the latest decentralized application (Dapp) to capture the minds of crypto enthusiasts.

While the concept of is an exciting one, there are a few privacy concerns that have surfaced, as noted by its early adopters.

In this article, you will also find all the information you need to know about – how to sign-up, how to find invite codes, and privacy concerns related to

What Is is a decentralized social network where a user must buy ‘shares’ of another person in order to chat with them.

Users sign up on using their X (formerly Twitter) account. Each individual has shares tied to their account, which can be bought and sold, depending on whether the price of their shares goes up and down.


Users also earn trading fees each time their shares are bought and sold by anyone. launched in August 2023 on an ethereum (ETH) layer two blockchain called Base.

‘The Marketplace for Your Friends’ calls itself “the marketplace for your friends” and here is how it works:

Amy is a popular crypto journalist who works at a renowned news agency. She has amassed over 100k followers on X and is revered for her analytic opinion on cryptocurrencies that she shares with her social media followers.

Brian is a college student who is interested in cryptocurrencies and blockchain. He has 50 followers on X.

Amy and Brian sign up for Both Amy’s and Brian’s shares are initially priced at 0.0004 ETH. Amy’s social media followers buy $AMY shares, and her share price quickly rises to 1 ETH.

Brian is among her first buyers. He now has a direct chat channel with Amy.

Meanwhile, $BRIAN share price inches up to 0.0025 ETH thanks to his 5 close friends on

Brian sees that shares of $AMY that he bought at 0.0004ETH has now risen to 1ETH. He sells the shares to pocket a quick profit. Brian now looks for other profiles to speculate on.

How to Use

1. Invite Code for

At the time of writing, worked on an invite-only basis.

You will have to get an invite code from a friend/colleague who has already signed up.

There is another way. I received my invite code on X. Search “friend tech invite code” and insert the code you find under the “Latest” tab.

You can also use friend tech invite codes from my profile (first come, first serve!):friend tech invite codes

2. Sign Up on is currently in beta mode. You will not find a dedicated application on App Store or Google Playstore, and you will not be able to access the platform via your desktop or laptop.

You can access via your mobile browser (I used Safari). When you press “add to home screen”, app appears as a shortcut. sign up

You are then asked for your Gmail or Apple email account to sign up.

3. Connecting Your X Account

Once you’ve acquired an unused invite code, your step is to connect your profile to your X account.

4. Adding ETH

Next, you will need to send ETH from your personal wallet to your in-app wallet. If you do not add ETH to your in-app wallet, you will not be able to proceed further.

In my case, I sent ETH from the Ethereum mainnet to my in-app wallet. requires ETH

5. Creating Your Profile, Trading and More

Once you’ve added ETH to your in-app wallet, you will be asked to “buy your first share”, which is free.

You can now search for other accounts using their X usernames to buy and sell their shares. You will find the “Chats” tab to message other account holders (if you hold their shares).

You can also view your “portfolio value” and “trading fees earned” via the settings button.

portfolio value and trading fees earned on

The Hottest Dapp on Ethereum launched soon after the Base blockchain opened to all public users in August 2023. The excitement around the Base blockchain and’s innovative take on social networking platform helped it become the most talked about Dapp on Ethereum in August 2023.

Data published on X by Yearn Finance developer banteg reported that over 101,000 users have signed up to

The surge in users has helped generate over $1.68 million in fees in the last 24-hours, making it the second-highest revenue-generating crypto project in the last 24 hours ahead of staking platform Lido and layer one network Tron.

Only Ethereum mainnet generated more fees than in the last 24 hours at $3.45 million, as of 22 August 2023, according to DefiLlama.

At the time of writing, much of the hype around is around its monetary elements rather than its social networking utility. Crypto degens are speculating on famous personalities and trading their shares in the hopes of turning a profit. Dedicated websites like FriendMEX have popped up, which track the share price of an individual on

Traders are also using maximal extractable value (MEV) bots to scout newly-created accounts with a large following on X, in order to buy their shares for cheap and sell them later at a profit.

Adding fuel to the fire, crypto derivatives platform Aevo introduced an index perpetual contract that lets traders bet on the total market capitalization of all accounts.

Red Flags About Privacy Conerns

  • Gets Access to Twitter

Several X users have pointed out that when you link your account to your X account, gets permission to tweet and retweet using your X account.

Users are encouraged to revoke the access by heading over to their X account settings.

  • Twitter Usernames and Wallet Addresses Made Public

On 21 August 2023, Yearn Finance developer banteg tweeted a github repository revealing the “leaked” X usernames and connected wallet addresses of over 101,000 holders. clarified the incident on X, saying:

“This is just someone scraping our public API that shows the association between public wallet addresses and public Twitter usernames. It’s like saying someone hacked you by looking at your public Twitter feed.”

However, many X users remained unconvinced as they pointed to the lack of documentation on’s privacy policy.

At the time of writing,’s privacy policy says “coming soon.”

The Bottom Line presents an exciting way to power social media platforms with cryptocurrencies. There is an opportunity to help artists, content creators and influencers monetize their work.

However, we have to urge caution as is still very new and has not given its audience the reassurance that it is a safe Dapp and not a rug pull.

Like we always say in crypto, stay curious and always do your own research.


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Mensholong Lepcha
Crypto & Blockchain Writer
Mensholong Lepcha
Crypto & Blockchain Writer

Mensholong is an experienced crypto and blockchain journalist, now a full-time writer at Techopedia. He has previously contributed news coverage and in-depth market analysis to, StockTwits, XBO, and other publications. He started his writing career at Reuters in 2017, covering global equity markets. In his free time, Mensholong loves watching football, finding new music, and buying BTC and ETH for his crypto portfolio.