FriendTech, a decentralized social network platform, saw a remarkable 30% dip in its native token FRIEND on Monday. As the Web3 firm’s community announced that it ditched control of smart contracts recently, a bearish trajectory engulfed the native token price. This loss of smart contracts is primarily attributable to a function executed on the project’s The post FriendTech Shutdown: Decentralization Move Backfires, FRIEND Token Fell 40% appeared first on CoinGape .