Blockchain-powered collaborative social media ecosystem FlipNpik launches ICO 24470 FlipNpik and blockchain
Rakesh Ranjan Parashar
Oct 3, 2018 at 11:25 PM

In an announcement made on Wednesday, FlipNpik, a blockchain-powered collaborative social media ecosystem that gives users the freedom to monetize their social media engagements, revealed that its initial coin offering (ICO) is now live. The startup had previously raised $2.5 million in private sale.

According to the press release, the FNP, an ERC-20 token, will be available for sale on the official FlipNpik website.

“Unlike most ICOs in the market, FlipNpik focuses on corporate fundamentals and having a sound business revenue model. We have a ready product with ready users and merchants onboard,” said CEO of FlipNpik Asia, Ian Lin.

As a part of the ICO promotion, users will also receive 15% token bonus on the purchase of FNP tokens from now till 31st Oct.

FlipNpik gives you the freedom to share your moments and at the same time get rewarded for it. The blockchain-powered platform uses a reward system known as the Flip Social (FS) which is dedicated to creating an interest among the users and retaining platform users. In return for their engagement, user-collaborators receive Flip Social which they can use to benefit from instant promotions. The Flip Social obtained by users may be, for a limited period, converted into FlipNpik tokens.

The FipNpik token (FNP) is a utility token, distributed and identified on the Stellar Platform. It is the basic cornerstone of the economic model of the FlipNpik Ecosystem. As the premium token of the ecosystem, it can be used for having access to premium offers and services and buying goods and services.

The FNP token will be listed and traded on the KEX exchange after the conclusion of the ICO. KEX is a global digital assets trading platform that has a core team of experienced professionals from TENCENT, HUAWEI, HUOBI, and others. The company has also signed a Strategic Cooperation Agreement with KEX which will further strengthen its position and lead to greater exposure in the Asian markets.

“We are happy to partner FlipNpik, which offers a very unique value proposition and has great potential,” said Yin Xiao Gang, CEO of KEX Group.

FlipNpik is also working to list the FNP token on several other exchange platforms and things are bound to happen in the near future.

See Also: Cryptocurrency and Blockchain Association to sue social media giants for bringing ban on crypto ads

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