FriendTech will not migrate its native Friend token off the Base Layer 2 network, the web3 social network announced on Wednesday.

“We’ve heard your feedback: you don’t want $FRIEND moving to another chain. We agree,” it stated in an X post. 

FriendTech said the native token was designed to be completely community-controlled and used for supporting Clubs contracts. “Migrating the supply and liquidity would not align with that spirit. You'll still be able to create clubs, chat, buy keys, and use $FRIEND on Base in the friendtech app.” Clubs are exclusive community spaces on the protocol and one of its core features introduced in May.

Apart from the announcement regarding the native token, FriendTech added that it has turned off all protocol fees from its decentralized exchange …