The Friendz ICO is over and well, as most of the others out there Friendz is down below the ICO price!
This isn't just another ICO, Friendz is rated 4.6 on ICOBench and is supposed to be a promising one.
WHAT IS FRIENDZ?
Friendz is a fast-growing company whose main goal is to connect brands with their target audience, taking advantage of the most powerful marketing tool ever: the word of mouth on social media. Friendz is proud to have introduced in the digital marketing scenario a new way of doing advertising, based on peer-to-peer communication.
VISION
Friendz aims to make Friendz coins become the favourite tool used by brands to connect with their target audience all over the world. Companies will have the possibility to engage directly with a highly interactive community of users that create contents and perform other marketing activities on demand, following the guidelines provided.
BUSINESS MODEL
Friendz offers a variety of digital advertising services, among which brand awareness and product placement campaigns, sharing content activities and market researches. Friendz community can take part to the activities available on the platform, supporting brands in the process of content creation and validation and is rewarded for these activities.
One of the main reason to invest in this was that they already have a fairly big community or over a 200k users.
Hopefully Friendz wont disappoint us and their Binance listing application will be approved sooner than later that is if it even gets approved.
This was the price at ICO,
Power hour: 1 ETH = 18179 FDZ.
1st day: 1 ETH = 15582 FDZ.
1st week: 1 ETH = 14283.5 FDZ.
The rest: 1 ETH = 12985 FDZ.
original total token is :
total supply original 1.500.000.000
total burned token 357.354.371
total supply after burn 1.142.645.649
approximate circulation 400.000.000 to 500.000.000
Surely there is a huge drop right now, but things can change anytime in the Crypto world!
Considering that they haven't hit any big exchange and the huge amounts of pump & dumps on decentralized exchanges, this is actually natural, i have had a similar experience with a lot of other projects where the price of the token or coin lies 30-40% below its ICO price and at the time of hitting a top 10 exchange pops back up and surpasses its ICO price as well.
I am not a financial advisor, this is not a financial advise.
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