Friends With Benefits is a blockchain-based initiative focused on shaping Web3.0’s future. Launched in 2020, it brings together a global group of more than 3,000 cultural creators, thinkers, and builders who connect digitally and also meet in person. The project aims to take advantage of the expanding Web3.0 ecosystem and use it “as a tool for creating and making things happen”.

FWB serves as the platform’s native cryptocurrency. It supports network governance under the Friends With Benefits DAO. The token is also used to pool funds for initiatives across the Friends With Benefits ecosystem and to reward community participation. Anyone can buy FWB, and official members of Friends With Benefits are required to hold FWB. Still, only approved participants can claim additional FWB tokens as incentives tied to network activity.

What are Friends With Benefits’ key features and how does it work?

A central part of Friends With Benefits is a social DAO, with 3000+ members drawn from a variety of backgrounds. Together, they work on ideas and projects spanning Web3.0 and the creative industries.

Beyond the DAO, the Friends With Benefits ecosystem includes the FWP Swap. It lets users swap their FWP tokens quickly and conveniently, with minimal fees.

What is noteworthy about Friends With Benefits?

Friends With Benefits uses a distinct membership approach. Applicants must submit an application and provide details about themselves, including work history and personal information. The project currently emphasizes under-represented communities, musicians, artists, and other creative individuals. Applications are evaluated on a rolling basis by members of the FWB committee.

Membership is split into two categories: Global Membership and Local membership. Global Membership calls for 75 FWB tokens and grants access to the full FWB network, including all Discord channels, invitations to special events, early access to FWB products in development, and DAO voting rights. Local membership requires 5 FWB Tokens; it includes newsletters, invitations to Local Events, and Discord channels focused on specific cities.

Events may range from community hangouts to the FWB FEST, a three-day festival centered on FWB and Web3.0. It features outdoor activities, culinary classes, programming classes, and more.

Where can you buy FWB?

FWB can be traded on the CEXs and DEXs listed here. The most widely used venues with the greatest liquidity are Uniswap V2 and Uniswap V3. FWB’s price may change based on the exchange you use and overall market conditions. For current and historical market price data, check the price charts on this page.