Freldo, Where Friends and Businesses Converge
Every person needs at least one to three service providers in a month, may it be a plumber, a hairdresser, a masseur, baby sitter, electrician, car specialist, or a cleaner. The list can actually go on and on, if only to prove the ubiquity and relevance of these personal service providers in this fast-paced world. Yet, unlike tangible goods with quantifiable standards to assess their usefulness or effectiveness, services are evaluated purely on subjective ratings.
Freldo, a blockchain-based social networking application focused on the service industry, recognizes the need for a solid online community where friends and businesses converge to share valuable insights. Operating under the banner of “Trust Your Friends”, Freldo is expected to revolutionize the service industry not only in the world’s developed nations like the USA and Canada (where the application will kick off), but even more so in developing countries like India and Thailand (as part of the future direction).
Market Problems Solved by Freldo
Nowadays, online buying and selling has become a trend and soon enough it will become the norm. Even when it comes to services, people conveniently just browse the web. In fact, about 1.66 billion people worldwide purchase goods and services using the Internet. This number even increases every year by 16%. Generally speaking, such growing patronage for online trading is beneficial to consumers and businesses. The Internet has paved the way for market players to transact globally and efficiently. Yet this very same tool for propagation also paved the way for fake reviews to flourish.
The problem of hoax customer accounts and reviews continue to plague the service industry. This is a dirty tactic employed by some abusive businesses in the midst of a very tight competition. To safeguard the interests of the clients and the credibility of honest entrepreneurs, Freldo comes into the picture with their innovative social networking site exclusive to service providers and clients. The blockchain or distributed ledger technology allows safer and more secure browsing and sharing of information. This means that all users of the platform are duly registered after having passed through an authentication process. The community is assured that the reviews and ratings are not generated by robots or fake users.
Trust is the very foundation of Freldo and this only makes sense as the services are oftentimes personal. A housewife, for instance, is entrusting the life of her kid to a babysitter or an employee is entrusting his first car, his hard-earned property, to the hands of a repairman. Think of Freldo as a referral system where your mom or bestfriend can be found giving recommendations for a nanny, only that the system is wider and digital.
There is an even more reason to patronize Freldo as sometimes a person’s network of friends and credible acquaintances can grow so wide that it is possible to forget names. With Freldo, an organized community, it is now convenient to search for the review of a former colleague who was a silent lover of massage. Then you would be secured to hire a masseur based on your colleague’s recommendation.
Apart from fake reviews, delivery and payment processing may be delayed in the traditional setup. Not to mention that the fees are high. With Freldo, payment and delivery systems are embedded into the site using smart contracts. This, therefore, becomes a one-stop shop for customers where the transactions are more secure and less costly because of the decentralized blockchain technology. Since automation is the name of the game with smart contracts, the processing time is also shorter.
Lastly, unlike the traditional e-commerce sites where the consumers are the only ones giving value to the businesses, in Freldo the consumers have a voice. They do not just absorb product/service information but also provide product/service insights based on their first-hand experience. More so, the consumers and even the businesses earn rewards for using the Freldo coins or FRECN. These coins can be converted to other fiat or crypto currencies.
Yes, the entrepreneurs that registered with Freldo also earn and reap other advantages. They get to earn incentives, plus they save from marketing costs. With Freldo, they can advertise globally for a cheaper cost and use the reviews and other statistics provided to improve their businesses. This is basically market research and product development minus the heavy costs.
Indeed, Freldo is disrupting the service industry for the greater good. Think of Freldo as a safer and more reliable Facebook for service providers and service consumers. It is likewise fun and interactive.
Token Sale
Freldo is based on an existing online site with a relatively large community of users in the US and Canada. The goal of the developer now is to marry this site with the blockchain technology as well as tokenize the community. As such, they are opening their doors for token investors and future Freldo users. For interested investors, here are the details you need to know about the sale:
Ticker: FRECN
Price: 1 FRECN = 0.0002 ETH
Total Supply: 800 million token
Minimum Token Purchase: 0.02 ETH
Soft Cap: 4000 ETH
Hard Cap: 80,000 ETH
Bonus: 50% during the pre-sale which is from July 16 to August 16, 2018
For more information and details on the project, find them by visiting their official website or reading their whitepaper. Be updated as to the current events happening during the ICO by visiting their social media pages.
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=4577663.0
Website: https://ico.freldo.com/
Whitepaper: https://ico.freldo.com/wp-content/uploads/2018/06/WP-Freldo.pdf
Telegram: https://t.me/FreldoChat
Facebook: https://www.facebook.com/FreldoGroup
Twitter: https://twitter.com/Freldo_official
Medium: https://medium.com/@Freldo
Author: Instaco
Author Link: https://bitcointalk.org/index.php?action=profile;u=2050406