Make Frens is a Telegram-based web3 SocialFi quest mini-app that allows users to earn points and cryptocurrency by completing tasks and sharing content. ^[1][2][3]

Overview

Make Frens operates as a social engagement and rewards platform built on blockchain technology. It incentivizes users to complete quests, share viral content, and invite friends in exchange for rewards. The platform is designed to be accessible through Telegram, leveraging the messaging app's large user base. ^[5]

"To become the leading Web3 SocialFi platform on Telegram, bridging the gap between Web2 and Web3 by rewarding users for active participation through fun and engaging activities" - mission statement

"To onboard millions of users into the crypto ecosystem, guiding them step by step through projects, and fostering simple, rewarding interactions directly from a phone." - vision statement^[8]

Key features of Make Frens include Post-to-Earn Quests, Reward-Driven and Points-Driven Quests, a Referral System, a Leaderboard, and the native $MF Token. ^[2]

Technology

1. Users join the Make Frens platform through Telegram.
2. They can then participate in various quests and tasks, such as sharing content or completing challenges.
3. Successful completion of tasks earns users points or direct cryptocurrency rewards.
4. Users can also earn by referring friends and building their "Frens Squad."
5. Weekly leaderboards offer additional opportunities to win prizes based on performance.^[5]

Tokenomics

The Make Frens ecosystem is powered by the $MF token. Key aspects of the tokenomics include a total supply of 1,000,000,000 (1 billion) $MF tokens with use cases in rewards distribution, governance, and staking (planned). A Tax System is implemented to support ecosystem growth and sustainability. ^[6][7]

Of the 1,000,000,000 total $MF supply, 70% is allocated to the market, 15% to development and marketing, 10% to community rewards, and 5% to team and advisors. ^[7]