Today we are going to review a new blockchain company which has appeared on our radar: Friendz. This looks like a very interesting marketing company which uses blockchain technology, so read our review if you are interested in investing in it.
What is Friendz?
Friendz is an Italian marketing and social media company which plans to combine marketing and blockchain technology to offer something new and unique to its clients. One of the main ideas of the company is to use peer-to-peer communication as a way to connect brands with their target audiences.
Friendz has been o the market since 2016. In this time, the company has acquired more than 200,000 users and a revenue of more than $1,2 million EUR.
The company was founded by Alessandro Cadoni, Cecilia Nostro and Daniele Scaglia, all of them experienced professionals in the media and marketing market. At the moment, the company already has partnerships with The Rock Trading Ltd, IBEX Services and Triboo.
How Does Friendz Work?
Friendz have already created an ecosystem to unite brands and their target audience. What the company is trying to do using the blockchain technology is to update this ecosystem to make it better and more interesting for both the users and the companies.
The company is currently planning an Initial Coin Offering (ICO) in which it will update the monetary system of this ecosystem and it will start to use Friendz Coins (FDZ tokens). The system works like this: the users of the platform are able to make certain activities on their social media platforms that will reward them with FDZ tokens. The ICO will also help in the development of the company worldwide.
This ecosystem will unite people who are willing to work for these companies posting about them on social media or testing their products. The users can also create user generated content that the brands want. If the brands want to find people to help them to promote their products, they can find them easily using Friendz.
The company believes that the blockchain model is suitable to this kind of platform because it provides security for the users and the brands, transparent payment systems and also helps in the development of the Friendz ecosystem and its sustainability.
All the content have to be approved by the company before the user is actually paid for user generated content about the brand. The approvers of content are people that verify if all the rules have been followed. These people also receive FDZ tokens for their service.
How to Invest in Friendz?
If you are interested in Friendz, you should invest in the company during its Initial Coin Offer (ICO). FDZ tokens are ERC20 tokens that are based on the Ethereum blockchain and you will have to acquire them to invest.
The sale will occur from March 1 to March 21. Every FDZ token cost $1 USD and you will have discounts ranging from 40% to 10% in the first few weeks of the ICO.
The company has created 1,500,000,000 FDZ tokens and half of them will be distributed in the sale. All the unsold tokens offered in the sale will be destroyed. You can pay for the FDZ tokens with ETH and you will have to spend at least 0.1 ETH to participate in the sale.
The Friendz FDZ ICO Verdict
Is Friendz the right investment for you? If you are a brand, it can be. This will make your life easier, as you will have a good platform to use and you will have to spend less on its services. If you are only an investor looking for profit, this can also be a good investment because the company has already proved that it can be good, so you will probably have a good return on investment.
Check the company and decide for yourself, but we have to say that Friendz looks like a very interesting company for you. You might get a pretty good return on investment if you decide to invest in this company independently if you are an investor or a company that will use its platform.