Fluz Fluz – ICO Review by cryptopoids
Site: https://ico.fluzfluz.com/
Token / Coin: FLUZ – ERC20
Supply: 204,780,000 (200 million)
Crowdsale date: 18th January 2018 ENDS 22nd February.
ICO Breakdown: 23% will go to Gift Code Inventory, 20% to Personally OH, 41% to branding campaign, 10% to IT , 6% to Legal - Tokens will shortly be distributed after the ICO has finished.
Hardcap : $20,478,000 USD - unsold tokens are burned. ( 0.10USD per Fluz )
Facebook: https://www.facebook.com/fluzfluzglobal
Reddit: https://www.reddit.com/r/FluzFluzGlobal/
Video:
Cashback system from purchasing gift cards from retailers at discount prices. Working product that is up and running but they will roll it out after scaling up to global consumer base for US.
ICO Token is used to purchase premier network seat memberships – 10,000 fluz for Tier2 or 20,000 for Tier1 –special birthday gifts, merchant suggestion voting system, special deals and more. The coin is also exchangeable for gift cards, crypto or back to fiat. Their business promotes retailers to get/retain loyal customers from buying discount gift cards.
Columbia has already established a large consumer network earning hundreds per month, signed retail partners with over 3000 locations, platform able to send gift cards, point transfers, cash-out options , in build messenger in your network.Target for the US will start in mid-2018.
How it works:
You invite someone with a referral or reference code into your network. A fluzzer must purchase at least 2 digital gift cards from the offered catalog per month. So… Birthday Gift cards anyone or online shopping cards? Netflix? Gas?
Explanation talk :
You can also automatically get new Fluzzer randomly from them downloading the app and they get placed in your network and that is a massive massive advantage if you get in early!
Your max network can grow up to 65535 members. So that means your max benefits only travel to that extent of people. The bigger picture is that you will be part of a super network of hundreds of thousands or millions of people.
They are not a MLM company but employs MLM techniques and business model.
What makes this different from other MLM companies? There’s no membership fee and no rewards for signing people up. It’s based purely on the consumption of your network buying goods that they would normally buy.
If you make a well-established network with friends and family it will help you optimize budget spending due to the rewards from the gift cards and daily spending. The bigger your network the more everyone benefits.
The Founders:
Experienced in e-commerce which is a huge plus. They will most likely know how to market this really well to make it easy for users to get started. I can see this rolling out super fast.
Roadmap:
-Fluz calculator of network : https://jscalc.io/calc/MsOIogvn7IByxxsc
-Co-founder of TechCrunch joins their advisor board: https://medium.com/@fluzfluz/co-founder-of-techcrunch-joins-fluz-fluz-advisory-board-6f885dc45359
- Mentioned in Huffington Post
https://www.huffingtonpost.com/entry/cash-back-on-blockchain-innovation-in-consumer-markets_us_5a54f7bae4b0cd114bdb36b1
Overall rating:
I think that this has big potential of earning passive income as well as helping consumers save money through discounted gift cards. We spend money on food clothes and entertainment so this can complete the consumption of 2 gift cards per month. I think this will do really well in the States.
Getting a Premier seat Tier 1 will only cost you $2000 USD which is dirt cheap if you can get further discounts or gifts in the future.
Their website is nicely structured and very informative and easy to read.
Disadvantages I see is that because i'm in Australia I’m not sure the wide range of retailers we will be able to purchase from hopefully Nike Netflix etc we can still buy from as they are big international brands. However securing an early ICO seat will give us a higher chance of earning passive income. If you are from the US then this is something you should get on quickly!
Rating: 8/10
Participate with my referral extra 5% here : >>> https://icoplatform.fluzfluz.com?from=7x5Ca
Thank you for your time. If you have any questions or feedback please let me know. :)
Disclaimer:
Invest at your own risk. This is my opinion and is not financial advice. Always make sure you do your own research and invest what you can afford to lose.
Donation Address
Bitcoin: BTC ONLY
1GaK7C6XZcmxb9rTEN6rUappYPkTauixkU
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0x17875fF1A64A0D53F42044FE5408BAb558e885bF
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