Social networks have built a “Likes” economy, in which the incentive for participating, for contributing, is the social recognition. The more “Likes” you get, the more you feel you´re important for the community. Transforming “Likes” into “Likecoins”, adding a scarcity-value to “Likes”, social interactions turn into settlements of value. Having an economical incentive, contributors are encouraged to raise their quality standards in order to obtain higher profits. Social economies create more engaged users and better quality content. This behavior gives more and more value to “Likecoins”
Social economies also develop a higher sense of ownership of the actual network by its users.
In order to gather new users and authors for our platform, Flixxo has developed an incentives program that will last for ten years. Flixx will be “injected” into the platform to encourage users to participate on a raising economy. The total amount of tokens that will be distributed using this program is 50% of the total Flixx ever issued. Those tokens are locked in a smart contract and will be released on a decreasing manner, reaching zero after ten years. This doesn´t mean that the first users will ensure for themselves a great Flixx wealth, as the incentives will be a reward to achieve certain social goals and will be proportional to the amount of active users.
Would this program dilute the price of Flixx? The answer is no. Contrary, as Flixx released for the community are proportional to the amount of active users, more Flixx will be made available as the base of users grows, and this will increase the demand and price of Flixx. Having a few tokens distributed among a lot of users who are actively earning and spending their tokens, a real economy is being built. Advertisers will find out that showcasing their content would be seen on the community as a social engagement, and their demand for tokens will grow.
Then, Flixx tokens will increase their value not on a speculative manner but organically based on its real use.
During the first six months after the end of the ICO, as the platform is fully developed, Flixx will have a speculative value. We encourage those who are buying tokens on our Token Sale not to dump the tokens into the market, as the price of Flixx has the potential to scale and grow. Remember that Flixx are not the fuel of a video platform, they are the currency of a social economy. Imagine — if the issuance was limited — having bought a small percentage of the 4 million likes that are issued every minute on Facebook. How much would it be worth now?
