FlipNpik ICO (FNP Token): Local Business Social Media Blockchain?
Globalization and centralization of industries and wealth have led to a disloyal competition where only big players can survive at the expense of small local businesses. Social Media are no exception. Currently, a large disparity exists in the world of social networks. Inequalities in this area are due to the fact that the platforms that offer visibility are better suited to large businesses with large means and great purchasing power than for small businesses that have neither the expertise nor the budget to stand out on these platforms.
FlipNpik has a solution to this.
FlipNpik is a collaborative Social Media for local businesses operating in an Ecosystem-based on the Blockchain technology, in which the value generated is distributed in an equitable and decentralized manner among all active collaborators. The primary mission is to contribute to the improvement of the local economy and to promote the circuits of local and responsible consumption.
The FlipNpik platform offers businesses enhanced visibility generated by the participation of their community. The participatory model gives users-collaborators the opportunity to get rewards or remunerations for their actions.
Features Of FlipNpik Platform
- Value Creation: Users-collaborators contribute to the value creation by enhancing businesses’ visibility through different actions, by adding new businesses to the app or by becoming an Ambassador Partner.
- Sharing of the Value: In return for their positive actions, users-collaborators receive Flip Social that they can use to benefit from instantaneous promotions, to discover and obtain products or simply to be entertained with the available games on the Platform. Ambassadors Partners receive a bonus from their business when they actively contribute to increasing the visibility of the business within the Ecosystem.
- FlipNpik token and Flip Social: The FlipNpik (FNP) is a utility token, distributed and identified on the Stellar Platform. The Flip Social is a reward system dedicated to stimulate and retain the users of the Platform.
The FlipNpik Token (FNP)
FNP is the cornerstone of the economic model of the FlipNpik Ecosystem. FNP is a utility token, distributed and identified on the Stellar Platform. The total supply of FNP is going to be 1 Billion tokens with 350 million tokens sold at ICO. 150 million FNP will be released for token bounty and management and 500 million will be reserved and released over a period of 4 years.
ETH is the only accepted cryptocurrency and EUR is the only accepted Fiat currency. 1 ETH can fetch you about 3043.5 FNP. Targeted Hard Cap is 115,000 ETH which is equivalent to 35 million Euros. There is no Soft cap.
The funds raised in the Pre-ICO and ICO will be used as follows:
- 19% of its initial fees and IP.
- 12% for admin and operations
- 25% of sales and marketing
- 44% will be used for research and development of the platform.
Pre-sale begins on May 1st and continues till June 30th, 2018. Pre ICO starts on July 1st and continues to August 31st and the ICO will be held from September 1st to October 31st.
FlipNpik, the first Collaborative Social Media, is an application available on iOS and Android and is expected to be available soon on the web. It can be used to discover, follow and build a unique relationship with your favorite local store.
You can get more information about their token sale and their platform from their website https://flipnpik.test.tk/ .