FluzFluz is a global consumer network that allows users to earn a passive income. When the network members or ‘fluzzers’ as they are commonly referred to, spend a consumer stickiness comes into play leading to a sustainable business case for everyone involved. The network will be conducting an ICO come December 11th 2017 where their premier token, FLUZ will be on offer.
FluzFluz Cash Back Network
One of the ways that consumers benefit from this network is through empowerment where a consumer purchases from retail partners in order to secure the best deals. By doing so, a consumer earns rewards which can be used on the network or are sent to their wallet.
Another gain for the consumer and network is earning rewards once they purchase anything on the site. You also earn cash back rewards when anyone that’s in your network makes a purchase. Having a premier seat on the top of the network lets the consumer earn rewards when anyone below them makes a purchase.
This company that’s benefiting both merchants and consumers around the globe plans to issue FLUZ tokens that will give holders a premier seat on the network. Below are the details of the token sale:
- ICO start date: December 11th, 2017
- Total tokens available:204,780,000
- Token ICO price :0.1 USD
- Maximum purchase :10, 000 USD
- Currencies accepted: BTC, ETH
Use Of Token Sale Funds
To start the company’s operations in the US market, the company requires some form of capital. According to the Fluz Fluz ICO white paper, the proceeds will be used as shown below:
- 41% – Branding and marketing
- 10% – IT infrastructure
- 6% – Legal and financial overhead
- 23% – Gift code inventory
- 20% – Personnel overhead
FluzFluz Road map
The ICO will run from December 11th 2017 after which investors can expect their tokens to reflect after 5 working days once the crowd sale officially closes. Sometime in January 2018, the company intends to launch its network into the US consumer market and bringing in more partners. During this period, Fluz Fluz also plans to commence application for a licence for its token.
In March 2018, the company will negotiate with merchants and begin the on boarding process. Fast forward to June 2018, token holders premier seats will be given priority and the public exchange listing of the FLUZ token. A month later in July, the company plans to operationally launch into the US market.
Notable FluzFluz Partners
The network’s main strength is having both large and small merchants in their network since this attracts more consumers and also adds to the strength of the company’s business model. Reputable brands that have embraced the model are Amazon, Nike, new balance, Uber, Puma, Victoria’s Secret, Mobil among many other merchants.
Here’s a testimonial from German Huertas the CFO of Nike in Colombia, ‘The business model of Fluz Fluz has permitted Nike to drive additional revenue to our stores in a sustainable way.’ It will be interesting to watch the performance of the FLUZ token once the network is launched in various markets.