ICO Review: FlipNpik – Blockchained Social Media For Local Businesses

6 days ago kakp2 0

FlipNpik logo, source: flipnpik.test.tk

Globalization and centralization of industries and wealth have led to a disloyal competition where the big players increasingly take more market share from small businesses that offer good products or services but do not have the capabilities to reach their potential customers. Social networks have designed their services mainly to suit big business with big budgets, further compounding the challenge for small companies.

FlipNpik is a project created by Fliptech SAS and is a blockchain-based social media tailored for local businesses with a cooperative model. FlipNpik aims to be the first collaborative social media for local businesses, dedicated to giving them greater visibility and control of their digital identity in order to gain a strong position at the heart of the social scene. Operating in an ecosystem based on the blockchain, the value will be generated and distributed in an equitable and decentralized manner among all active collaborators called “ambassadors”.

A Collaborative Social Media, source: flipnpik.test.tk

Main features

  • This model will offer local businesses a competitive advantage, contributing to the improvement of the local economy and promoting the circuits of local and responsible consumption.
  • An ecosystem that stimulates the creation and equitable sharing of value between all members of the platform at the service of local businesses.
  • The platform offers user-collaborator rewards for their participation that can be exchanged for various goods and services, encouraging them to promote with quality content the businesses to which they are associated.
  • Application available on iOS and Android and soon on the web.

Novelties

  • A partnership will be offered to ambassadors looking to promote local businesses more actively, allowing them to retain from the business 20% of eligible expenses on the platform.
  • Users can discover local businesses in their neighborhood and benefit from exclusive promotions and offers.

FlipNpik advantages, source: flipnpik.test.tk

Token information

  • Token utility name = Flipnpik.
  • Acronym = FNP.
  • Technology = Stellar Blockchain.
  • Max. Number of tokens = 1.000 million.
  • Currencies accepted = ETH / EUR.

FlipNpik token, source: flipnpik.test.tk

Token distribution

  • ICO = 350 million (35%).
  • Bounty program = 75 million (7,5%).
  • FlipNpik team = 75 million (7,5%).
  • Partnership reserve = 150 (15%).
  • Social mining reserve = 350 million (35%).

FlipNpik token distribution, source: flipnpik.test.tk

Funds usage

  • Development = 44%.
  • Sales & marketing = 25%.
  • Operations = 12%.
  • Initial fees = 19%.

FlipNpik funds usage, source: flipnpik.test.tk

Pre-sale

  • Starts = March 26th 2018.
  • Close = May 14th 2018.
  • Bonus = 35% to 25%.
  • Distributed on pre-sale = 105 million.
  • Token price = 4,242.4 FNP/ETH.
  • Min. buy = €0,10.

Pre-ICO

  • Starts = May 15th 2018.
  • Close = July 15th 2018.
  • Bonus = 10% to 5%.
  • Distributed on pre-ICO = 105 million.
  • Token price = 4,242.4 FNP/ETH.
  • Min. buy = € 0,10.

ICO

  • Starts = July 16th 2018.
  • Close = September 15th 2018.
  • Distributed on ICO = 140 million.
  • Token price = 4,242.4 FNP/ETH.
  • Min. buy = €0.10
  • Hard cap = 82.500 ETH.

The team

Competitors

FlipNpik is the only project that offers social media for local businesses but not the only one who offers it with a collaborative model through blockchain solutions. Their closest competitors are:

Social media presence

Additional information

Conclusions

Currently, a disparity exists in the world of social networks due to platforms only offering visibility to large businesses with large means and great purchasing power. With the collaborative FlipNpik platform, small business will have the opportunity to gain a strong position at the heart of the local social scene with the aim of increasing their visibility and sales.

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