- Company Name: Flipz
- Country of Origin: Russia
- Industry: E-commerce
- Concept Short Description: First Decentralized E-Commerce Platform
- Description: Flipz – is a smart e-commerce platform with smart contracts, a unique rating system of vendors based on blockchain technology. The platform allows the customers to buy goods and services online, using cryptocurrency.
The platform has no paid ads, its rating system cannot be cheated, and a vacant place on the platform cannot be bought.
You can place your goods on the platform absolutely for free. All transactions are done instantly and without commission.
There will be no centralized databases on the platform. There will no longer be approval of information, as it will be the same for everyone.
The main idea of the platform is to provide the participants with smart contracts. This is an electronic algorithm describing a set of conditions; the execution of which runs particular events in the real world or digital systems. A decentralized environment is required to execute smart contracts, which completely excludes the human factor.
To fulfill the economic side of the contract, you need cryptocurrency. The blockchain system records all information without any possible means to delete or make corrections to it, encrypting it into blocks and anonymizing the participants.
The algorithm creates an open data system with product quality ratings, customer reviews and prices by studying the circulation of a product in the database. Every seller is ranked. The increase or decrease in rating will unavoidably lead to a change in amount of sales.
- Crowdsale Open Date:
October 12 2017 @ 12:00 am
- Crowdsale Close Date:
February 11 2018 @ 12:00 am
- Accepted Contribution Methods
- Token Name: Flipz
- Token Symbol: FLZ
- Blockchain Technology: Ethereum
- Total Token Supply: 100,000,000
- Crowdsale Token Allocation: 75,000,000