In the modern world of IT technologies and blockchain systems, business owners should pay attention to the searching of mutually beneficial partnership. Collaboration with reliable partners is very important for the successful implementation and development of any start-up. Developers of the social network Freldo follow this rule and collaborate only with the most prospective projects. Credit is one of the companies who Freldo will integrate to the social network.
Let’s recall that Freldo is a social network, based on the trustful communication between customers and business representatives, which provide for their users the modern IT solutions.
Credits - a unique technological platform for the development and execution of decentralized applications based on the blockchain technology and smart contracts. The main features of the Credits’ smart-contracts:
• A smart contract is a program that works on many network nodes. If one of the nodes is broken, the network automatically will transfer the transaction to other nodes.
• Intellectual contract operates in the decentralized network without owner or administrator. The program code is executed in the chain of nodes. It means that when the code is running, it could be stopped only by the owner, in case if this option was specified in the code of the smart contract.
• The smart-contract is paid by Credits – the internal cryptocurrency. The system automatically charges a small fee for each option performed on the account. The fee is charged by the nodes’ owners who store database and process the rounds. The price depends on the number of changes made in the blockchain.
Interaction of Credits and Freldo will be realized by implementation of the additional parameter – Freldo points (FP). At the first stage, FP will be used for transactions between customers and the network administration. Points will be automatically credited to the account when the transaction is closed. Also FP could be accrued by the administrator for the additional conditions. The final list of possible cases for the calculation of additional points is still on confirmation.
This internal Freldo point can be converted into points that are created using Credits smart contracts technology.
The use of internal scores and smart contracts within Freldo network will significantly increase productivity with the following benefits:
users of the Freldo network will get the opportunity to exchange and transfer internal points;
business owners will be able to motivate their clients by giving them FP in the form of gift cards;
soon, these points can be used also at other Freldo partners’ program.
Analysts note that Freldo network has high investment potential; ideas, management, innovative development, and partnership programs make Freldo competitive and promising project.
Investing in such projects is a chance to receive a stable income and a nice opportunity to use convenient and simple services.