Good threatens to punish customers for the usage of copycat apps

Crypto’s newest decentralized social media (DeSo) app, Good, has confronted intense grievance over its choice to penalize customers who make a selection to make use of forks or copycat variations of its tokenized social media platform.

In a tweet dated August 28, respectable Mitra.Tech

Whilst Good didn’t point out any particular competitor and X choice of customers within the solution spiked For a brand new DeSo or “SocialFi” utility known as Stocks this is set to head are living in public beta on August thirty first.

Good is giving for free “Praise Issues” to its beta testers each and every week, which is able to distribute a complete of 100 million issues over six months.

The group has now not but shared what the digits will sooner or later be used for Point out On August 15 “it’s going to have a different function when the app enters respectable free up standing.”

Some hope it’s going to become a token for Good friend.Tech governance, whilst others imagine it might have some monetary price for customers. Different religion on account of the seed spherical Funding From Paradigm, there’s more likely to be a Good friend.Tech local token airdrop one day.

Good’s announcement didn’t move down neatly with individuals of the crypto neighborhood.

Inside the first hour after the announcement used to be posted, it attracted masses of detrimental feedback and reposts that ridiculed the app for its anti-competitive transfer.

Any other reaction from an X person at the contemporary announcement. Supply: X (Twitter)

“Threatening/punishing customers for checking out different platforms is totally in opposition to the whole thing this business stands for.” wrote In line with the announcement, the pseudonymous dealer Cryptokaleo.

“It is a high instance of the way to not care for festival in web3 – having a look ahead to studying the apology in a couple of hours,” Stated yet one more.

Following a robust backlash, Good friend.Tech’s pseudonymous founder “Racer” retracted the sooner choice in an apology remark launched on August 29 from the social media app’s respectable X account.

Racer backtracked, pronouncing it used to be a “silly remark” made from worry of possible festival for the Good friend.Tech app.

Attached: Good denies record that database of over 100K customers used to be leaked

The announcement comes lower than 3 weeks after its public release on August 11. In the meantime, Good has noticed a drop in key metrics equivalent to job, go with the flow and quantity during the last few days.

On the time of newsletter, transactions on Good have dropped by way of greater than 90% from their height of just about 525,000 transactions on August 21, to lower than 50,000 cumulative transactions on August 28, consistent with knowledge from Dune Analytics.

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