Two Currencies are Better Than One!

in #bitcoin6 years ago

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By https://bitcointalk.org/index.php?action=profile;u=2230830

In my last article I briefly mentioned the Flipnpik token and how users can obtain it. Here is a link to my last article if you are interested, https://steemit.com/bitcoin/@cobone/here-is-why-blockchain-is-the-future-of-marketing#comments. Mind you the last article is not relevant to the token itself exactly, the last article primarily focused on the service provided by the Flipnpik platform and how their integration of blockchain technology can potentially optimize the marketing industry.

The reason I decided to make an article that focuses on the Flipnpik platforms cryptocurrency, FNP tokens, is because as a company in the crypto industry their cryptocurrency is or at least should be pivotal to their company’s ecosystem.


Two Currencies

In reality the Flipnpik platform really only has one currency, FNP, but technically there is another currency on their platform as well. This currency is called flip social, and the reason I say it is technically a currency is because it is not really tradeable on an exchange and it cannot provide too much utility on the platform on its own. Which is why flip social is more of a subsidiary currency on the platform because it can only add value when a person has enough of it to convert into FNP tokens.

So why would they make a secondary currency? Because it actually does serve a purpose on the platform, and that purpose is in fact paramount to the organizations success. Flip social will be given to users as a payment for promoting and sharing the companies listed on the Flipnpik platform, and as I have stated in my last article the Flipnpik company is a blockchain based marketing firm.

FNP Token

Okay, so now you understand how to collect flip social and what it does, but why would you want to collect it. Well you can convert it into FNP tokens, and the FNP tokens provide an actual service on the Flipnpik platform.
The purpose of the FNP tokens is that they can be used to securely make purchases on the Flipnpik platform. On the other hand, the user can also choose to trade their FNP tokens on an exchange for other cryptocurrencies and the person who buys these tokens can use the tokens to buy products on the Flipnpik platform if they choose to do so.