What is FlipNpik ?
The development team FlipNpik position their project as the world's first decentralized social network created to promote local (small) business. At the same time, this network will work on the basis of blockchain technologies and distribute the profit generated by it among all participants according to some fair algorithm that feeds all the positive actions of accounts and their contribution to the monetization of the project.
3 components of the FlipNpik ecosystem
In short and in essence, the ecosystem of this project can be divided into three components:
Site for complaint of local business. It is understood that a small business using the FlipNpik ecosystem will be able to increase its visibility and get closer to the consumer anywhere in the world, which will be due to the actions of ordinary members of the social network.
Innovative freelance platform. All positive actions that a network member will take are taken into account by the system and special “social points” will be awarded for them. Those, in turn, can be exchanged for tokens, services or goods sold through the FlipNpik platform. The tokens can be exchanged for regular fiat money. In addition, entrepreneurs will be able to give tasks to social network members, the fulfillment of which will also be rewarded with social points (for example, writing an article, attracting customers, making a website, etc.).
Entertaining platform. In this case we are talking about two components: platforms for communication and platforms for gaming. There is little information regarding the latter, but most likely it will be online games and the so-called cloud gaming (Gaikai, LiquidSky, Playkey, PlayStation Now). Players will also receive special points for achievements in games.
These three components will be framed with cryptographic protection and a “fair” algorithm for the distribution of profits among all participants. However, unlike most cryptographic payment systems, a high degree of anonymity in this social network should not be expected, since it will most likely require the KYC procedure to be completed (Know your customer).
Advantages of the FlipNpik Ecosystem
innovation and uniqueness: distribution of profits among all participants with a high ease of entry - a very interesting idea that can be applied in many areas, such as insurance or banking;
demand: local business has long been waiting for an opportunity to compete with large retail on an equal footing;
Security: cryptography and blockchains minimize the risk of losing money or run into a scammer.
Project Summary FlipNpik
Profile experts are ambiguous in assessing the prospects of this social network. On the one hand, this is a very interesting idea that will clearly receive support from ordinary users: the opportunity to make money on likes and reposts without intermediaries in the form of advertisers and freelance exchanges is almost a freebie. On the other hand, it is not yet clear whether ecosystem developers will be able to circumvent the problems associated with cheating, dirty advertisements and the like, which can be a significant problem in the long term. However, in terms of short-term forecasts, FlipNpik is clearly one of those projects in which to invest.
Offers for users and businesses
The FlipNpik Ecosystem is the collaborative social media, where the created value is shared among all active members. Users contribute to the ecosystem creating value when they like posts, share the App and create content for a business. Users can be simply rewarded by FNP tokens when they exploit the ambassador partnership. Due to geolocation services implemented into the FlipNpik Ecosystem, users can easily discover the nearby shops, reveal their friends recommends about their favorite places and catch fresh promotions. As an additional advantage of the system, it allows users to purchase products online from the local shops to reduce delivery cost and time expenditures.
Additional information on the project:
Bitcointalk thread: https://bitcointalk.org/index.php?topic=3405728
Telegram group: https://t.me/flipnpikico
Bitcointalk username: slasi1974
Eth Address: 0x3685ff77f8e4deEc9abe29ceA15E33209863d4CD