FlipNpik wants to do something different. By placing local communities and business at the heart of their platform, they’re treading a path no one else ever has. By combining social media, cryptocurrency and local business, they hope to provide a holistic, all-encompassing service that benefits businesses and customers. This is exciting because new, revolutionary ideas are always worth investigating, and when they help local business, that’s even better.

We’ll take a look at some of the key features of the FlipNpik platform below.

Shared value

FlipNpik is all about creating an ecosystem where everyone benefits. ‘User-Collaborators’ receive Flip Social — a reward system where users receive benefits for using and staying on the platform. This stimulates user-collaborators to increase their use of FNP and benefits local businesses through increased visibility.

At the same time, local businesses benefit from increased visibility, sales and engagement with users and customers. This makes it easier for local business to compete and thrive and add tremendous value to the local economy. Businesses can also provide promotions and special content to entice new and existing users. This all adds up to one circular, beneficial ecosystem.

FlipNpik Token

The FlipNpik Token — or FNP — is the currency that underlies the whole platform, performing a social and financial role.

The defining idea of FNP is to encourage local communities to patronise local business. The plan is for FNP to become the single trading currency used to pay for goods and services on the platform, creating a kind of all-encompassing local economy. Businesses can also use FNP tokens to buy Premium services on the Platform.

The coin can also act as a license for users to become an ‘Ambassador Partner’ and receive 20 percent of spending made by the merchant on the platform. In short, it’s planned as a self-contained, local-centric currency that encourages the intermingling of business and users of FNP.

Using Blockchain to Create an Ecosystem

Blockchain offers a secure and innovative way for local businesses to access new markets, and this is why FlipNpik has made it an important part of their platform.

Via Blockchain, local merchants can see a big change to the scope of their customer base, offering modern payment methods and displaying their forward-thinking attitude.

It also helps that Blockchain is already extremely wide-spread, making integration for new businesses hassle-free. This means that the FlipNpik ecosystem will flourish as more and more local businesses adopt FNP, driving up the benefits for consumers and businesses. In turn, this will lead to more interactions, more purchases and, overall, a stronger local economy.