Fashionable Telegram recreation Farm Frens admitted to an error-filled launch of its FREN token on Ethereum layer-2 community Base earlier this week, sharing numerous subsequent strikes on the horizon because it goals to regain belief from gamers and traders.
Resulting from be claimable by eligible individuals pursuant to its January 20 snapshot, the Farm Frens crew had technical points with all main parts 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.
“Dear Frens, we fucked up,” the undertaking posted on X (previously generally known as Twitter). “We know many of you looked forward to our TGE, and we let you down.”
Expensive Frens, we fucked up.
We all know lots of you appeared ahead to our TGE, and we allow you to down.
To elucidate what occurred, our founder simply wrote a submit highlighting:
1⃣ What went fallacious?
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 team had thought it would be a good idea to subsidize gas fees for everyone’s airdrop claim,” he wrote. “Though we ran successful tests on our local nodes, we didn’t account for the fact that mainnet would be significantly slower than our tests."
"To our dismay, after we went live we realized users were getting claim errors, so we had to throttle: Some users got lucky, but others would fail," he added.
The project now believes that this issue—and another related to token balances not appearing after claim—have been rectified, offering a contact form to those who are still encountering issues claiming their FREN token.
“We deeply apologize for all the technical issues users faced when claiming,” the undertaking founder continued. “Though several community members made comments suggesting that this was all intentional, I can assure 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 take care of 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 change 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 widespread 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 presently sits at a $1.5 million market cap.
Edited by Andrew Hayward