Friendz is one of the most promising ICOs we’ve identified, standing out for the project’s professionalism, real world use case, and active user base. So many upcoming ICOs we see on the horizon are half-baked cash grabs. And even when the company itself is legitimate, very often an ICO is launched on little more than a whitepaper. If you, the investor, wants proof of concept or any real-world systems to build your confidence, you’re simply out of luck.
Friendz doesn’t require the investor to gamble on an unproven team or the unproven claims of a slapdash whitepaper. Friendz is a real company, established in 2016, with 200,000 users on their popular app. The company employs 35 people, hit their break-even point in 18 months, and have proven their mettle in the world’s challenging branding and advertising spaces. That they’ve managed to make a place for themselves proves that Friendz is the real deal.
That all sounds great, but what is Friendz, and why should we consider investing in the Friendz ICO? All will be explained, dear reader, in the rest of this Friendz ICO review.
What is Friendz?
Have you ever liked a company’s Facebook page or shared one of your favorite products with your friends? Of course, you have. Did you get anything tangible in return for spreading that brand’s message? No, of course, you didn’t.
We’re trained to think that when we share a brand or product, we’re doing nothing more than expressing ourselves, demonstrating our identity in our likes and dislikes. And while this is true, the reality is that sharing a brand or product is doing free marketing for the company who owns that brand or product.
Businesses pay billions of dollars in marketing each year. And yet, the most effective marketing channel is word-of-mouth. We may not trust the commercials we see during the Super Bowl, at least not enough to run out and buy the products on display. But we know we can trust our friends. When they talk we listen.
Friendz understands this fundamental marketing reality. And that’s why they’ve set out, with the Friendz app, to connect users with the brands they like the most, and receive financial incentives for sharing these brands through social media and other actions. For people who would do this anyway, it’s a win-win.
The Friendz app already has 200,000 active users, a rare success in a market crowded with failed startups. The idea works, but Friendz wants to maximize its potential by bringing Friendz to the blockchain.
How Friendz is Using Cryptocurrency to Reach the Masses
Up till now, Friendz has received cash infusions through traditional funding models like venture capital. However, CEO Daniele Scaglia and company understand that venture capital is the old model. Today, the most innovative and effective way to raise funds is through a crowdsourced ICO. And this is why, on March 1, 2018, they’ll be launching the Friendz ICO.
Some people accuse companies of using an ICO to make a huge pile of money, without actually needing blockchain or cryptocurrency to solve the problem they wish to solve. The same cannot be said of Friendz. Cryptocurrency is the key which unlocks the brilliance of Friendz’ incentivized grassroots advertising business model. It works like this:
Brands and brand communities (regular people) can communicate through the Friendz platform.
Brands can get to know their fans, and ask them to perform specific marketing actions.
Brands can even create content to send to users and brand communities, which these users will then distribute.
To incentivize all of this, brands will pay these individuals and communities in Friendz Coin, which can be kept as an investment, spent, or traded for other cryptocurrencies like Bitcoin or even fiat currencies like Dollars and Euros.
These communities devoted to certain brands and products are known (in advertising speak) as Influencers. Influencers exist organically, without the need to be mobilized by the brand they informally represent. Think of huge Reddit forums for people who love Nintendo, or the millions who apparently still go crazy for Justin Bieber.
These are groups who will go to great lengths to evangelize the brand in question. To be able to communicate with and organize these individuals – this will be an incredible service for companies and a remarkable income source for the mobilized Influencers. As the value of Friendz coin increases and users numbers grow, the sky’s the limit for the Friendz Ecosystem.
Why Friendz Coin is an Investment Opportunity
Anyone who has ever invested in any ICO understands that getting first dibs on a new coin gives the investor the chance to see 5X returns, 10X returns, or even higher when the new coin hits exchanges. This could very well be the case with Friendz coin. As the Friendz ICO is the highest rated ICO in the history of ICObench.com, we don’t think our enthusiasm about the Friendz ICO is overstated.
The Friendz ICO will be launched on the Ethereum blockchain, home to hundreds of innovative ICOs in months past. 1.5 Billion Friendz coins will be minted, with 750,000,000 (7 hundred-fifty million) available at ICO. The price per Friendz coin breaks down as follows:
Power Hour March 1: During the first hour of the Friendz ICO, the price per coin will be $0.048 (or just under 5 cents per coin).
ICO Day 1: Following Power Hour, the price will rise to $0.056.
ICO Week 1: March 1-7, the price raises to $0.061.
ICO Week 2-3: March 9-21, the price tops out at $0.067, if there are any Friendz coins left to buy.
There’s no way to tell if or by how much the Friendz coin price will increase when it hits the exchanges, but popular cryptocurrency Cindicator has a coin supply almost equal to Friendz’s. It’s not unreasonable to think that the Friendz coin price could hit somewhere around Cindicator’s all-time-high of $0.33 in the short term, and greatly surpass it in the medium-to-long term.
An investor is wise to do their own research and make their own decisions, but trust us, the Friendz ICO is worth a look.
How to Invest in the Friendz ICO
If by now you’re convinced that Friendz is an incredible economic opportunity for investors, and a novel income source for users, you’re likely ready to jump in to the Friendz ICO for yourself. You’re in luck; if you’re reading this near the time of its publication (the second week in February), the Friendz ICO is still a couple of weeks away. Here’s how to make sure you get a piece of the action.
Signing Up on the Friendz Website
Not just anyone can invest in the Friendz. Potential investors must first create an account on the Friendz website. You can sign up in less than a minute, and after clicking the link in your verification email, you have full access to your new account.
Connecting With Friendz Through Telegram
Telegram is the group chat platform of choice for most cryptocurrency projects and ICOs. Friendz is no exception. Sign up with the Friendz Telegram to get up-to-the-minute news and updates. You’ll also get to know some Friendz developers and staff, as well as investors and users of the burgeoning Friendz ecosystem. If you’re interested in blockchain projects in general, it’s a good idea to get to know Telegram.
Subscribe to the Friendz ICO Newsletter
This is another simple way to get the latest info on the Friendz ICO happening on March 1, 2018.
Submit Your Ethereum Wallet Address
As soon as Friendz receives your payment during the ICO, they’ll immediately send you your coins. But they need an address to send your coins to. Friendz recommends popular Ethereum wallets MetaMask and MyEtherWallet.
This is because Friendz is going to be launched on Ethereum, which makes it an ERC20 token. Each of the now hundreds of ERC20 tokens can be sent to and stored within any Ethereum wallet, but MetaMask and MyEtherWallet are best equipped for this purpose.
Go to MyEtherWallet.com, create your account, and find your wallet in the upper right-hand corner of the homepage. This is the address you must supply to Friendz, as per Step 4 near the top of the “How to Invest in the Friendz ICO” section of this Friendz ICO review. If you’ve been approved to the Friendz ICO whitelist, and you’ve also submitted your MyEtherWallet (or MetaMask) address, you’re in. You’ll be able to invest in Friendz coin FDZ during the ICO.
Adding Referred Users
The last step provided by Friendz is not essential for investing in the Friendz ICO, but it will give you bonuses if you participate. For every new Friendz ICO signee, you refer to the platform, you’ll receive a 5% bonus on your investment, as shall the investor you referred. This is an incredible way to rack up big bonuses on ICO day.
Investing in Friendz ICO FAQ
What is the Friendz ICO Hard Cap?
The Friendz ICO will result in the distribution of up to 750,000,000 Friendz FDZ coins. This is half of the total supply.
What is the Friendz ICO's Minimum Goal?
If less than 50,000,000 Friendz FDZ coins are sold during ICO, all sales will be voided.
What Happens to the 750,000,000 Friendz FDZ Coins Not Sold During the Friendz ICO?
20% are held in reserve, 11% go to Friendz partners, 7% will be locked for 12 months for Advisors, 5% will become the Friendz liquidity fund, 5% will be an incentives pool for team members, and 2% will be used for future bounties.
Is The a Pre-Sale?
No. Tokens will only be distributed through the Friendz ICO.
Will More Friendz FDZ Coins Ever Be Created?
No. 1.5 Billion is the permanent maximum supply.
What Happens to Unsold Tokens?
All unsold tokens will be destroyed, thus increasing the value of all other Friendz FDZ tokens.
Where is the Friendz Company Located?
Friendz is headquartered in Switzerland, with offices in Rome, Madrid, and Milan.
What is the First Exchange Which Will Carry Friendz FDZ?
Friendz will be traded on The Rock Trading in the first weeks after the ICO.
Can I Use Bitcoin in this ICO?
No. Only Ethereum is accepted in the Friendz ICO.
Can I Send My Ethereum From Coinbase or Another Exchange?
Definitely not. Coinbase has no mechanism for holding Friendz FDZ, so your coins would be lost. Only use an Ethereum wallet, as directed, like MyEtherWallet or Metamask.
Final Thoughts on the Friendz ICO
By this point, it should be pretty obvious that we’re bullish on Friendz, the token and the ecosystem being built. You’ve already heard our reasons why, but we’ll add to those that Friendz has a goal of being a major worldwide social media platform by 2020, if not the biggest of them all.
If even a portion of these ambitions is realized, Friendz early investors are going to be richly rewarded. There is a tremendous amount of hype surrounding this ICO, so make sure to get your information in before March 1. Set an alarm for the opening time, so you can get in at the lowest price.
We’ll keep a close watch on Friendz during its ICO and after its introduction to the major exchanges. We expect to hear a lot about this project in the future.