This blockchain network is the first of its kind that allows users to monetize their social media posts through supporting their preferred or favorite local shops. As noted earlier, it is a mutual benefits network in which users get rewards for posting and promoting local business, while the businesses get publicity through enhanced marketing and visibility. The FNP mobile app is now available on Android and iOS.
Today almost 46% of online users take the help from social media to make a choice for their consumption. Studies have revealed that a whopping 68% Facebook users make their mind to purchase a product or visit a store after recommendation from a Facebook friend. The studies have also demonstrated another important finding that the local businesses contribute more to the community economy than the large chain stores. The small retail stores help in providing the employment within the community and hence boosting the local economy.
The role of FlipNpik ecosystem in boosting the community economy:
FlipNpik has developed the first blockchain enabled collaborative social media that will help boosting the local businesses connected to an ecosystem. The revenue generated will be distributed in an equitable and decentralized manner among all those who will collaborate in enhancing the scope of ecosystem. This will ultimately play a major role in strengthening the local businesses and the community economy.
The platform will provide enhanced visibility of the local businesses through the community participation. The participants will be rewarded for their valuable input which is very crucial for the businesses to flourish.
FlipNpic (FNP) token will be among the first cryptocurrency to get listed on the StellarX marketplace. This new platform that is powered by the Stellar network is fast and does not charge any transaction fees, unlike many other exchanges.
FNP announced that it will be among the first tokens listed on StellarX, the new trading platform that offers a professional grade trading interface.
The FlipNpik (FNP) will be used as a utility token for all transactions on the platform and Flip Social is a reward mechanism to incentivize the users for their valuable engagement.
In short, FlipNpik platform will use blockchain technology to engage and incentivize the community members in order to boost the local businesses and the overall economy.