There are always new ways to implement the benefits of the blockchain technology - that is why we continuously hear of projects that aim to solve different issues that affect the industries of today, through revolutionary approaches, bold solutions and new paradigms. Most of the times, the blockchain projects are designed to be used on a global scale - however, some of them approach local solutions. Take for example Flipnpik - a platform that gives citizens and businesses from a particular area/city exchange value and encourages local economies. How can this be done? Find out more in today’s short article:
Flipnpik believes local business and local communities can thrive, with the use of human resources and cryptocurrencies. For this, it designed a social platform that aims to raise awareness of local businesses, promote valuable and relevant content to its users, create a solution that offers the best incentives for users to interact and engage in various activities, develop a transparent and accurate review system.
How does it actually work and what are the users/companies role in this ecosystem?
Individuals merely log in to the platform (built on the blockchain) after a quick download, into their mobile phones. Every time they do something inside the app and generate content/interact/promote something they get rewarded with tokens. In time, users have the chance to become partners ambassadors - by making the most of the visibility and the awareness they have gained, such persons (let’s call them influencers or trendsetters) can endorse certain businesses and be rewarded for their efforts (by receiving not only discounts but also a part of the respective companies’ budget allocated for premium services.
People will power up this ecosystem - and only through their efforts, companies will achieve their objectives and reach higher profits/improved visibility; new markets will be promoted and even be opened; unique, original and useful content will be created and distributed. The community will be the source of all this progress; resources will be kept at a local level;
Unlike the days and the economy we now live in, this ecosystem will not be powered by fiat (real money) but by tokens.
Understanding how the Flipnpik token is used
Just like we earlier stated, Flipnpik manages to implement a utility token inside this platform. The FlipNpik Token has a series of unique advantages and roles that it brings to this social media:
- It is the only method through which transactions can be made inside the platform
- It is the only mechanism that grants people access to products/services/special offers/surprises
- Nonetheless, these coins will give owners the opportunity to transform their earnings into fiat money.
Got questions?
There is no better way to understand all the technical aspects regarding the Flipnpik project than to visit the official website at https://flipnpik.io/. This place is packed with useful resources such as informational videos, whitepapers, technical papers and several use cases.