Well-liked Telegram recreation Farm Frens admitted to an error-filled launch of its FREN token on Ethereum layer-2 community Base earlier this week, sharing plenty of subsequent strikes on the horizon because it goals to regain belief from gamers and traders.
As a result of be claimable by eligible individuals pursuant to its January 20 snapshot, the Farm Frens workforce had technical points with all main elements of the token era occasion, or TGE. That features issues with token allocations, claiming, and staking, plus its try at a novel mechanic known as “Frensurance” which taxed transferred airdrop claims.
“Pricey Frens, we fucked up,” the undertaking posted on X (previously often called Twitter). “We all know a lot of you regarded ahead to our TGE, and we allow you to down.”
Pricey Frens, we fucked up.
We all know a lot of you regarded ahead to our TGE, and we allow you to down.
To clarify what occurred, our founder simply wrote a publish highlighting:
1⃣ What went flawed?
2⃣ Why Frensurance?
3⃣ Tokenomics & itemizing plans
4⃣ Future roadmaphttps://t.co/kbUWYq4pdZ— Frencoin (@frenwtf) February 20, 2025
A full breakdown of the errors was detailed by pseudonymous undertaking founder Kaizen, who gave probably the most consideration to points with token claims. Such issues hindered the flexibility for some unfortunate customers to obtain their allocations.
“Our workforce had thought it might be a good suggestion to subsidize fuel charges for everybody’s airdrop declare,” he wrote. “Although we ran profitable exams on our native nodes, we didn’t account for the truth that mainnet can be considerably slower than our exams.”
“To our dismay, after we went reside we realized customers have been getting declare errors, so we needed to throttle: Some customers acquired fortunate, however others would fail,” he added.
The undertaking now believes that this challenge—and one other associated to token balances not showing after declare—have been rectified, providing a contact type to those that are nonetheless encountering points claiming their FREN token.
“We deeply apologize for all of the technical points customers confronted when claiming,” the undertaking founder continued. “Although a number of group members made feedback suggesting that this was all intentional, I can guarantee you that it was not.”
Farm Frens initially was going to drop its token on Base in January, however delayed the launch and sounded off on Telegram after the messaging app introduced an exclusivity cope with The Open Community (TON) for crypto integrations. That transfer would require any video games or mini apps constructed on Telegram to modify to TON or take away their blockchain performance.
Whereas TON operates independently from Telegram, the community was initially created inside Telegram earlier than the messaging agency dumped the undertaking in 2020 amid regulatory scrutiny. Since late 2023, nonetheless, Telegram has turn into extra intently aligned with the community-led TON.
At the moment, Farm Frens reworked its roadmap, signaling its plans to create a standalone pockets and broaden to different platforms—together with the Line messaging app that’s notably in style in Japan. Its up to date product roadmap consists of the launch of a brand new season of in-game content material when it launches on Line in Q2.
FREN is down 9% within the final 24 hours and at present sits at a $1.5 million market cap.
Edited by Andrew Hayward
