Building A New Social Media Platform To Improve The Local Economy

Local businesses may not generate much revenue when compared with the multinational online retailers like Amazon, Alibaba etc. However, their growth is very crucial to improve the local economy of any country, because local businesses provide a lot of job opportunities for those people who are not able to work with big companies. Also, the revenue generated by the local businesses will be invested back in the local community which will result in more money flow in the country. Let’s assume that you are residing in China. And, you are buying a product from Amazon which is a US-based company. It is highly unlikely that the revenue generated by Amazon will be invested back in China. Alternatively, if you buy the same product from a local store in China, then that money will help to improve the local economy.

Like Tourism, local businesses play an essential role in the growth of many developing countries. Unfortunately, local businesses are not able to spend a considerable amount of money for marketing/advertising because of their small/limited budget for the same. That’s why they are losing their existing customers to the international retailers who can reach more target audience through a number of advertising channels like social media, television, magazines, newspapers and more.

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With the only aim of helping the local businesses to grow, FlipNpik is developing a low cost and decentralized social media platform. What is FlipNpik? FlipNpik is a collaborative social media ecosystem which not only helps the local businesses but also rewards the users/customers for any action which will help to promote the brand of the local businesses. The FlipNpik ecosystem will have the following:

• Users/customers
• Local businesses
• FlipNpik app
• Partners/Ambassadors
• Blockchain

Read more at https://flipnpik.io/wp-content/uploads/2018/05/2018_FNP_WP_EN_VP_06.pdf to know more information about the technology behind the FlipNpik platform.

FlipNpik platform allows the users to become brand ambassadors and get 20% return from the business for helping the business to grow. In this way, the customers will get the opportunity to earn money for promoting the local brands. For that, the FlipNpik platform will be issuing two types of tokens named Flip Social and FlipNpik (FNP) tokens.

FS tokens will be rewarded to the users for the following:

• For being active on the FlipNpik app
• Referring the application to friends
• Actively contributing to building the FlipNpik ecosystem
• For stimulating the economy of the FlipNpik ecosystem

These FS tokens can be used to play games, to get discounts/offers and more. FS tokens can be converted to FlipNpik tokens which can be used to buy products/services from the FlipNpik platform. As FlipNpik tokens are the primary payment option of the ecosystem, it is not possible to complete any transaction without that. Those users who hold the FNP tokens have the opportunity to become the brand ambassador of the FlipNpik ecosystem. To know more information about the pricing, availability, and sale of FlipNpik tokens, kindly visit Website, Telegram, ANN/Bounty Thread

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