A loyalty system token that’s already used by over 17 000 people
Staking with a yield of up to 54% per annum
- White Paper
- Project presentation
A real product that has been operating since 2017
Over 20 000 installations with paidsubscription
More than 50 companies from 12 countries are connectedto the system
The mobile app is available both on the App Store and Google Play
About the project
Fridn – is a win–win loyalty system for people and business, based on cryptography and the Internet of Things (IoT) technology
For private users
Privare users receive bonus points in the form of Fridn Activity Rewards (abbreviated «FAR») for performing routine actions (for example, registering steps using a fitness tracker, the Fridn mobile app and server software), and use them in exchange for goods and services
For business
Business members accept Fridn Activity Rewards (abbreviated «FAR») as a discount for goods or services and save these rewards or use them for further settlements with other members of the Fridn system
Fridn for private users
FAR
User activity
Private users
FAR
Goods with a discount
FARBusiness members
FAR
Services
Fridn for business users
Real cases of businesses already working with us and benefiting from the introduction of the token
Fridn for private users
The principle of how Fridn works for private users is shown using an example of a product worth 100,0 USD
FAR – Fridn Activity Rewards
01.
The total cost
of a certain product is
100,0 USD
02.
The discount for the product is
15% or 15,0 USD
03.
The cost of FAR on the market is
0,15 USD (september 2020)
04.
Amount of steps necessary
to receive 1 FAR
eFAR – external Fridn Activity Rewards
01.
In order to pay for the product, the buyer will require:
85,0 USD
[total cost 100,0USD] – [15% discount]= [85,0 USD]
100,0 FAR
[15,0USD discount] / [cost of FAR 0,15USD/FAR] = [100,0 FAR]
02.
In order to obtain FAR, the buyer will need to:
Walk 10.000 steps
Examples of mutual settlements between customers & business
Fridn for private users
100 FAR
10 000 steps
Buyer
Goods
85,0 USD 100 FAR
Seller
Would you like to get discounts on products in exchange for steps?
Fridn for business
Fridn’s principle for B2C and B2B settlements, shown on an example of a certain product
B2C: selling a product using FAR
| Cost of the product for the end customer: |
100,00 USD |
| Discount for the product: | 20% |
| Payment of the product: | 0,2 FAR/USD |
| Payment of the product: | 80,0 USD & 100,0 FAR |
B2B: buying a product using FAR
| Cost of the product being purchased: | 50,00 USD |
| Discount: | 20% |
| Payment of the product: | 0,2 FAR/USD |
| Payment of the product: | 40,0 USD & 100,0 FAR |
Покупатель товара
80,00 USD
+ 100,00 FAR
Товар
Продавец товара
40,00 USD
+ 100,00 FAR
Товар
Продавец товара
The customer received a discount and the seller attracted a new client
The seller reteined liquidity and the supplier got to keep his client
Companies that collaborate with us
FAR bonuses and eFAR tokens
FAR – Fridn Activity Rewards
01.
FAR– an accounting unit within the Fridn system, used for mutual settlements between private users and business members of the community
02.
FARis issuesd internally within the Fridn system and is distributed among its private members in proportion with the amount of activities they’ve performed and registered
03.
FARis used within the Fridn system as points (discounts) when paying for goods or services from Fridn business members at Fridn.Marketplace
eFAR – external Fridn Activity Rewards
01.
eFAR– a token provided by FAR, used for trading on external cryptocurrency exchanges
02.
eFARis issued by a Fridn system operator on the Ethereum blockchain (ERC20 standard) and is provided with a FAR liquidity pool
03.
eFARcan be exchanged for other cryptocurrencies (for example, for USDT) on external exchanges (for example, Coinsbit, Uniswap, etc.)
Take part in staking at Fridn with a yield of up to 54% per annum
Leave your contact information and we will provide a detailed plan of how we make money in the current realities and how we want to scale
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Cost of FAR/eFAR
The increase in cost of the token is provided by actual use (utility) in an already working product at Fridn.Marketplace
Target audience
01.
Private users
Generating income from selling licenses to private members, necessary to receive FAR rewards
02.
Micro-business
Up to 8 employees, turnover of up to 1,5 million USD per year
03.
Small business
Up to 35 employees, turnover of up to 5,5 million USD per year
04.
Medium-sized enterprise
Up to 100 employees, turnover of up to 15 million USD per year
Win for private users
01.
Receiving goods at a discount without losing quality
02.
Generating additional income by selling FAR on the free market
03.
Receiving additional priviliges
04.
High motivation for self-development and increasing personal efficiency
Win for business members
01.
Increasing profit through direct customer interaction and the possibility of reusing FAR bonus points
02.
Attracting new clients and increasing loyalty of the existing ones
03.
The possibility of obtaining data for programmable advertising and marketing campaigns
Win for the
Fridn project
01.
Generating income from selling licenses to private members, necessary to receive FAR rewards
02.
Receiving transactional commission income from business members for attracting new clients and increasing loyalty of the existing ones
03.
Generating additional income from providing services within the Fridn system (for example, showing ads, etc.)
Market potential for Fridn
The capital of the loyalty systems
market will reach 9.3 billion USD by 2024
From the consumer side
From the business side
The annual growth rate of the loyalty management market is
The loyalty system market capital by 2024 (from $2.617 billion in 2018) will reach
*Sources (3)
Problems and solutions in the loyalty system market
Problem
understanding clients at all points of interaction
compliance of the strategy for increasing loyalty with the overall business strategy
measuring customer loyalty
personalization
measuring the return on investment in loyalty programs
maintenance of data quality
Решение с Fridn
The clients get to do what they love (hobbies) and receive bonus points for that
The number of bonus points that the clients receive indicates the intensity at which the goods are used/consumed
Fridn maintains anonymity of user personal data and personalization is carried out due to accrual of rewards for their actions
The cost of connecting to the Fridn system is negligible; the business pays pays for participation in Fridn after the sale of a product in the form of cashback from the transaction
Increasing loyal customer base by 5% can drive income up to 95%
Loyalty system members are willing to spend 30% more than other customers
The team
Since 2017 20+ from 10 countries have been working on the project
eFAR Staking
Receive rewards from the Fridn liquidity pool
with an income of up to 54% per annum
Liquidity pool
In order to carry out staking, the users along with the operating company have
formed a liquidity pool of
15 million FAR units
Provision
of eFAR emission
FAR is formed from the FAR that Fridn users have received for the activities that they’ve performed and registered
10,0 million FAR
For accrual
of accruing eFAR rewards
(with external tokens) the following amount has been issued for stakeholders from the system’s reserve fund to the liquidity pool:
3,6 million FAR
For accrual
of FAR rewards
(with internal bonuses) the following amount has been issued for stakeholders from the system’s reserve fund to the liquidity pool:
1,8 million FAR
Staking participation options
Choose a suitable option to participate in staking
with a yield of up to 54% per annum
Staking with a floating period
Participation in staking without a fixed eFAR holding period
eFAR rewards (depending on number of days)
from 0,027% per day
to 0,099% per day
FAR rewards (depending on the amount of eFAR purchased)
from 0,008% per day
to 0,049% per day
1.327,4 eFAR
(132,7 USDT excluding rate appreciation)
663,7 FAR
(66,3 USDT excluding rate appreciation)
Fixed-term staking
Participation in steaking with a fixed eFAR holding period of 30 to 365 days
eFAR rewards (depending on number of days)
from 10% per annum
to 36,0% per annum
FAR rewards (depending on the amount of eFAR purchased)
from 5% per annum
to 18,0% per annum
1.800,0 eFAR
(180,0 USDT excluding rate appreciation)
900,0 FAR
(90,0 USDT excluding rate appreciation)
Expected profitability when buying eFAR in the amount of 500 USD at the rate of 0.1 FAR / USDT and partaking in staking for 365 days
Take part in staking at Fridn with a yield of up to 54% per annum
Leave your contact information and we will provide a detailed plan of how we make money in the current realities and how we want to scale
By clicking the button you agree to the terms of the Privacy Policy
or contact us on Telegram