FlipNpik: Monetize your social media experience

stazhao (61)in #bitcoin • 6 years ago (edited)

Every one among us is aware of the significance of social media in our daily life. As the time goes on the impact of social media is broadening in spectrum and is covering more aspects of our life. Social media has become an essential and strongest means of communication. We discuss our daily activities as well as other social matters with our friends. We express our likes and dislikes on all sorts of matters including our recent dining experience or a shopping trip to a mall. Our recommendations can influence our friends to shop at a certain store or buy a certain brand of shampoo, for instance.

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.

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.