Freldo ICO project is a global and decentralized ecosystem linking service providers and customers, based on the technology of blockchain and smart contracts. Freldo Inc., registered in Canada in 2011, is located in Toronto, Ontario. The company has developed a new social network called Freldo freldo.com. The name was chosen not by chance and derives from the word Friend. The motto of the company is
Trust Your Friends.
Freldo is a special social network created as a practical solution to the everyday problems of ordinary people and the fostering of small and medium business development.
What is Freldo?
Freldo has become an effective communication platform on which the consumer can easily find a supplier of quality and low-cost services.
The entrepreneur has only to make sure that their work was satisfactory to the customers. Advertising of their activities, in this case, will be effective automatically. Today, no other social network will offer you these conditions.
The idea behind creating such a resource appeared about 10 years ago, when the members of the current Freldo team tried to find at the distance of the "extended hand" an ordinary electrician for some simple work. It turned out that it was not so easy. Likewise, it was difficult to find a plumber, a mechanic, a good hairdresser, a confectioner, etc. Every family, every person, needs to be in the services of different professionals at times. Such specialists, as a rule, live and work next to us. However, to contact them, despite the presence of the internet and mobile phones, we spend too much time. Freldo solves this problem. Freldo brings business and clients to the same site. We are unlikely to be interested in an experienced babysitter living hundreds or thousands of miles from our house. And the plumber is unlikely to agree to go change the water tap in the neighboring state. On Freldo, customers and service providers find each other based on proximity. Freldo is an effective advertising platform for small businesses. Here you cannot just place an announcement about your services, but also open a full page with a detailed description of your work, quality assurance, prices, with real customer feedback, etc Freldo allows you to earn even ordinary users. Objective assessments of the work of service providers bring real financial benefits to their customers – monetary compensation, discounts, bonuses, etc. Even for small businesses, Freldo is convenient for carrying out their small market research. The seller can use as much as possible all the marketing tools to promote their business, including applying discounts on the sale of their goods and services, independently conducting various actions, etc. Freldo will be issuing its own cryptocurrency FreldoCoin (FRECN), in which it will be possible to invest funds in the same way as in other financial assets. FRECN can be used as a means of payment within the network, while the possibility of calculating the usual fiat money will also be preserved.
After the development and implementation of the transaction within Freldo, it will be carried out on the basis of blockchain and smart contracts technology.
The conquest of the market will allow Freldo to attract a huge number of entrepreneurs who together can offer millions of goods and services. Starting first in the US and Canada, Freldo will then expand its activities to other countries. Orders can be made all over the world.
General Market Problems
Despite the rapid development of the service industry in the US and Canada, to start generating sales, to make a successful entry into these markets is not easy. This task is especially difficult for beginning small business representatives, whose problems are not only a lack of resources, but also a lack of knowledge about the state of the market.
A typical phenomenon was the non-optimal use of small business resources. At a time when there is a need to concentrate them on the development of the project, business owners are forced to spend time and money on maintaining an online or offline store, conducting another advertising campaign, etc.
As a rule, to enter the market, small businesses have to spend unnecessarily large
sums of money. But even after such investments, significant amounts are spent
monthly only to support the work of a store or an information guide. In addition, small
businesses often face problems created by bureaucracy. It carries unnecessary costs
when making payments. There are other risks and costs that reduce the efficiency of
small businesses and their competitiveness in the market.
Problems of Small Businesses
Work in the service sector involves direct communication between the business of its clients. However, representatives of small business cannot establish it independently without intermediaries. Taking advantage of existing sites to find customers and solve other marketing problems, small businesses face a number of serious problems, namely:
- High commissions and various fees for users of sites and payment systems. Much of the money earned by small businesses is thus spent on the payment of basic marketing services, financial transactions, currency conversions, etc.
- The buyer's lack of confidence in the seller. Most customers prefer to order services from proven companies. However, the existing sites do not allow the buyer to obtain quality assurance.
- Small business services. Because of this, many customers simply ignore such suppliers, not wishing to take risks. Therefore, small businesses are in unequal competitive conditions.
- Impossibility to present your service in a qualitative way. Often, on existing sites, small business receives very limited opportunities to describe its services for the placement of photo and video materials. The client does not have the opportunity to see the real opinions.
- Technical imperfection of most existing sites. In particular, it is impossible to automate the work of an online store.
- Expensive marketing. Only large corporations can benefit from the offered opportunities, which easily win in the competitive struggle with small business.
Problems of Customers
The situation that has developed on the market also creates a number of serious problems for buyers, including customers’ services which are focused on small businesses:
- A potential customer easily finds on the Internet the offers of large corporations. However, searching for unique products provided by small
businesses is difficult. In many cases, the services of this segment are not represented at all in online stores.
- There is not enough presentation material. Often, small business services are presented so poorly that a potential client cannot receive objective information about the quality of the product and its essence. As a result, the buyer refuses
to purchase, turning their search to the proposals of large corporations.
- It is impossible to verify the reliability of customer feedback on the services offered. Of the Internet-resources often published, there are only those reviews that are beneficial to the supplier. Often they are organized by the company itself and mislead the client.
- Many Internet sites require prepayment, but do not provide any guarantees. This also discourages customers who fear the risk of financial loss, even if it is a question of a very small amount. In addition, the global network is full of warnings and stories about fraud and one-day websites that accept prepayments but do not provide any goods or services for them.
- Fake reviews (paid custom surveys, created by increasing the rating or by underestimation the authority of competitors)
- High cost of advertising (it is more difficult for small businesses to compete with large trading networks due to lack of budget for advertising)
- Pricing for services (Free advertising in the network, so business does not have to put into the cost of the service this item of costs, which positively affects pricing in the network)
- Unscrupulous service providers or customers. Smart contract will help to avoid situations when the paid goods have not been received, or the customer has not paid for the service. Each of the parties will be able to protect their interests thanks to the blockchain and smart contract.
Freldo solves many of the problems faced by modern services markets by offering:
- Quick and convenient search functionality using specified parameters
- No fake reviews (users recommend services to friends and relatives, which means they are not incentivized to deceive)
- Order of goods and services directly from their Freldo account
- Safe transactions and transparency thanks to blockchain and smart contracts
- Freldo helps save your time, taking into account important search criteria such as specialist, time, quality, and price!
Principle of Freldo
To understand how Freldo works, let's briefly focus on the main principles and benefits of this network:
- Freldo is a special social network created as a practical solution to the everyday problems of ordinary people and the fostering of small and medium business development. The idea behind creating such a resource appeared about 10years ago, when the members of the current Freldo team tried to find at the distance of the "extended hand" an ordinary electrician for some simple work. It turned out that it was not so easy. Likewise, it was difficult to find a plumber, a mechanic, a good hairdresser, a confectioner, etc.
- Every family, every person, needs to be in the services of different professionals at times. Such specialists, as a rule, live and work next to us. However, to contact them, despite the presence of the internet and mobile phones, we spend too much time. Freldo solves this problem.
- Freldo is created for the exchange of real experiences. It is known that the best way to find a good offer on the market is to ask a friend. In this social network, you will have friends who will advise you exactly on a specialist who knows their business well, fulfills orders on time, and does so at a reasonable price.
- Freldo brings business and clients to the same site. We are unlikely to be interested in an experienced babysitter living hundreds or thousands of miles from our house. And the plumber is unlikely to agree to go change the water tap in the neighbouring state. On Freldo, customers and service providers find each other based on proximity.
- Freldo is an effective advertising platform for small businesses. Here you cannot just place an announcement about your services, but also open a full page with a detailed description of your work, quality assurance, prices, with real customer feedback, etc.
- Freldo allows you to earn even ordinary users. Objective assessments of the work of service providers bring real financial benefits to their customers – monetary compensation, discounts, bonuses, etc.
- Even for small businesses, Freldo is convenient for carrying out their small market research. You will easily find out whether your offer is in demand in the market, which helps with setting the price. You will also receive answers to other important questions.
- The seller can use as much as possible all the marketing tools to promote their business, including applying discounts on the sale of their goods and services, independently conducting various actions, etc.
- In the near future, access to Freldo will be possible with any device connected to the Internet. It will be enough to have in hand an ordinary smartphone with support for iOS and Android.
- Freldo will be issuing its own cryptocurrency FreldoCoin (FRECN), in which it will be possible to invest funds in the same way as in other financial assets. FRECN can be used as a means of payment within the network, while the possibility of calculating the usual fiat money will also be preserved.
- After the development and implementation of the transaction within Freldo, it will be carried out on the basis of blockchain and smart contracts technology. This will allow customers to pay for goods and services using popular cryptocurrencies (Bitcoin, Ethereum) without leaving home or from anywhere simply by using a mobile device. Blockchain technology will ensure the maximum security of transactions performed on the Freldo network. The supplier of the product or service will be sure that they receive payment. And the client will receive the product that they ordered.
- The conquest of the market will allow Freldo to attract a huge number of entrepreneurs who together can offer millions of goods and services. Starting first in the US and Canada, Freldo will then expand its activities to other countries. Orders can be made all over the world.
Symbiosis of Social Network For Communication And Trading Site For Business management
The Freldo platform is a symbiosis of a social networking for communication and a trading platform for doing business this is evident from the functionality offered to users of Freldo.
To find necessary services, users of the Freldo network can apply a number of available sorts and filters in the network. Producers can express themselves, talk about new proposals for the means of creating news, distribution of information about discounts and promotions. They have a wide choice of sorting and filtering methods. They can add their own hashtags for easy search. According to statistics, 68% of consumers who make purchases on the Internet, declare that they intend to continue to order services and goods online. At the same time, they see a clear advantage. Nevertheless, tens of thousands of products offered can surprise even the most experienced Internet shoppers, since the search for goods in the Freldo network is simplified as much as possible. To my surprise, the consumer, for example, can find the desired product of high quality at a distance of "outstretched hand" if they use the "Remoteness from your location" filter. In addition, Freldo offers such filters as "Rating," "Price," "Category," etc. This method of shopping is fast, convenient, and easy.
Every Freldo user can get a financial benefit from the active use of the network. So, for the invited participant, both client and business, the user is guaranteed to receive a free certificate, which is then used when paying for services of a number of entrepreneurs. Also, in Freldo, it is beneficial to leave objective feedback about the work of those small businesses whose services you have already used. If your feedback is useful to the participants and with their help a new transaction will be concluded, you are guaranteed to receive remuneration to your referral account.
The Affiliate program allows earning without active participation in a network. Partners of the Freldo Network get access to the partner's personal account and referral link, where new entrepreneurs are registered. Thus, the partner earns from transactions of the users without having personal participation in the sales process.
The reputation of the Freldo network is very important. Moreover, it concerns both entrepreneurs offering their services and their clients. After all, communication in the network is based on trust. It is assumed that any information published on the pages of Freldo will be fully consistent with reality. It does not matter whether we are talking about the description of the services offered or about the reviews of the work of any business. To assess the objectivity of the authors of publications, Freldo developers will initially introduce a special trust rating for business. Later a similar rating will work for consumers. It is assumed that such ratings will be calculated automatically. However, assessments will require confirmation of the "other side.” At the same time, for greater objectivity, the system will retain complete anonymity of people expressing their consent or disagreement with the ratings. When making ratings, Freldo undertakes to observe a number of important principles:
- Transparency. All participants in the communication on the network should understand how ratings are presented
- Legitimacy. For example, only the real customers will be able to influence the ranking in the rating table of the entrepreneur.
- Integrity. Developers of Freldo intend to not only significantly hamper, but also completely eliminate the possibility of manipulation in this issue
- Confidentiality. The data of the participants who make the assessments are not disclosed
Having started work in the North American market, Freldo from the first steps demonstrated the ability for rapid development and high potential. This social network has already become a vivid example of a new type of Internet resource, which will obviously help transform the global service industry, bringing it closer to the real needs of ordinary consumers and providing new opportunities for all types of small businesses. Freldo has everything necessary to become a leader in its field of activity. First, it is based on a unique innovative idea of combining a popular social network with a market-wide system. Secondly, Freldo builds its business on the principles of general availability for both entrepreneurs and their customers. Perfect for launching small and medium business. It provides the support that they really need to start their professional activities. Thirdly, the work of Freldo is based on the latest achievements of the modern IT industry. The plans for the development of the network, involving the introduction of new services, confirm this. Finally, Freldo does not limit itself to either geographical or sectoral frameworks. And this, as we noted above, is a guarantee of stable development in the future, which will least of all be hampered both by local and global crises. In this case, the resource is maximally protected from the main problems of ordinary social networks used to promote certain businesses. There is no place for organized fake positive feedback, unfairly praising this or that business. Here, the right content is not dispersed and is not lost in huge heaps of information junk. Members of the Freldo network know exactly why they come to their groups. Users/consumers find exactly the kind of advertising here that really helps them find the services they need at the moment. And users/entrepreneurs easily go to the target audience in which their potential customers are located. Freldo is also a platform where you can meet the needs for quality services, as well as an excellent place to earn money. Financial benefit can be received not only by entrepreneurs, but also by consumers, thanks to partner programs, bonus calculations, and real payment for attracting new participants, orders that people make out on the network, as well as objective assessments and comments that they leave. The Freldo network is constantly being improved, thanks to the efforts of a team of experienced professionals. Access to it is simplified for all participants (the introduction of a mobile application). Freldo will save not only marketing activities and services, but also financial transactions (the introduction of its own cryptocurrency and the provision of instant, absolutely safe money transfers without additional commissions). Also, Freldo is now an object for profitable investments. After the ICO, of which we have also described the terms and conditions, investors have the opportunity to repeatedly increase their invested capital. The forecasts show that this will be another great success story. Of course, Freldo will have its copycats. Most likely, all of them will be far behind, while Freldo will remain the leader.