Family Points – FPT ICO SMART BUYING FOR SMART PARENTS?





Family Points aims to provide "smart contracts for smart parents". Find out what that means today in our review.


What Is Family Points?

Family Points, found online at FamilyPoints.io, aims to create a scalable, blockchain-based platform where parents get rewards of up to 40% for buying baby and maternity products. Parents can spend those points on child education and other services.

The Family Points platform already exists, but it's not based on the blockchain. The company was launched in 2015. Today, they have 1.5 million subscribers and 14,000+ baby products listed on the platform.

The creators of Family Points believe that today's prices are certain. The Family Points whitepaper claims that 60% of the price of a children's product is linked to marketing and promotional expenses. By removing the middlemen from the process, Family Points believes it can reduce costs across the board. It will allow parents to connect directly with people selling family-oriented products and services - including everything from toys to diapers to early education.

Let's take a look at how Family Points plans to accomplish these goals.

What Problems Does Family Points Seek To Solve?

The creators of Family Points believe that there are major problems in the industry today. Namely, both parents and companies are paying for excessively high prices to middlemen. Here are some of the major problems:


  • High markups
  • Too many fake reviews in the family products and services industry
  • Parents can not afford to spend money on education
  • Family and parenting communities online are driven by advertising

Family Points plans to solve these problems using blockchain technology.

How Does Family Points Work?

Family Points aims to solve the following key goals:


  • Eliminate excessive markups and pass savings to parents
  • Encourage genuine reviews powered by community upvotes
  • Provide parents with educational opportunities
  • Operate a value driven community

The Family Points platform is built on blockchain technology. It primarily functions as an ecommerce platform. Parents can access the platform to buy, rate, and upvote different products.

Some of the platforms include baby food, toys, books, furniture, clothes, strollers and carriers, feeding, and cosmetics and hygiene.

Parents can buy products through the platform, and the platform provides cashback of 5% to 40% of the product's price in points. Parents rate and upvote their favorite products, then can spend points on more products, or on educational services for their children.

There are three target markets for the platform, including parents, service providers, and manufacturers.

Parents subscribe to Family Points, buy products, collect rewards points, and learn more about new products and services in the parenting community. They can also watch educational videos, contact expert consultants, and upvote content and reviews from other users.

Service providers and manufacturers, meanwhile, subscribe to the platform to sell services and find new customers.

Who's Behind Family Points?

Family Points is led by Ainar Abdrahmanov (CEO and Founder), who previously founded Babystep.tv, which created the largest parenting video library in the world. Ainar has also previously owned and operated a chain of kindergartens.

Other key members of the team include Aloysius Kee (Chief E-Commerce Officer), Shaoming Yang (Chief Business Development Officer), Dmitriy Lezhnev (Chef Technology Officer), and Mikhail Konoplev (Advisory Board Member).

Family Points made headlines in 2015 for winning the G-Startup Worldwide Competition in Beijing. This is the biggest startup competition in China. Winning this competition allowed Family Points to launch their platform in China, one of the world's largest parenting markets.

Today, the Family Points platform has 14,000+ baby products and 1.5 million subscribers. Overall, the Family Points team has 40+ years of combined experience in various fields, including parent education, e-commerce and distribution, production and manufacturing, web development, blockchain, and more. The company's Lead Expert also runs one of America's largest Montessori school chains.

How Do Family Points Tokens Work?

The FamilyPoints token (FPT) is an ERC20 token built for the platform. All tokens are 100% pre-mined, and all unsold tokens will be burned. 65% of the total supply of tokens are dedicated to the management team (25%, frozen for one year), advisors and services (8.5%), and bounties and community (1.5%).

  • There's a total supply of 225,000,000 FPT tokens.
  • Payment methods include BTC, ETH, LTC, BCH, USDT, USD, and EUR.
  • The token sale begins with a pre-sale on December 1, followed by a general crowdsale from December 10 to December 31, 2017.
  • Family Points has set a hard stamp of $ 12.5 million USD for the crowdsale.


Family Points Pricing
All Family Points subscription fees will be paid in tokens. All membership tokens are burned after being spent for subscriptions. Here's how pricing breaks down:

  • User Subscriptions: $ 1 per month
  • Edu Expert Subscriptions: $ 10 per month
  • Merchant and Education Center Subscriptions: $ 100 per month


Family Points Conclusion

Family Points aims to launch its platform in China by April 2018, though that goal can be pushed earlier with a successful crowdsale. Overall, the company aims to reinvent the parenting marketplace, making it easier for manufacturers and service providers to connect directly with the parents while eliminating the middlemen. Family Points plans to initially focus on China, which is one of the world's largest parenting marketplaces.

To learn more about Family Points, visit online today at FamilyPoints.io. The token sale for FPT tokens begins in December 2017.

Milestones

1
2015
Founded and raised $3m investment Awards: Won biggest Chinese start-up competition in Beijing. Won Best Social Responsibility Award, GMIC-Bangalore 2015
2
2016
Completed production of 1,150 videos in 8 languages Hit 100 million views and 1 million subscribers in China
3
2017
Familypoints platform with rewards concept created - June 2017 First platform feature with parenting experts calls launched (MommyCon USA , NY) - 2 Sep 2017 Launched babystep kids room sales in China - Sep 2017 Platform tokens sales - Nov-Dec 2017
4
2018 Q1: Phase 1
Mainland Success - Launch of FamilyPoints platform in China [Implement blockchain ledger for reviews, ratings, and transactions]
5
2018 Q2: Phase 2
Asian Growth - Expand FamilyPoints to Korea [Implement global distribution network; Launch “0-6 Program”]
6
2019 Q2: Phase 3
Asian Sweep - Expand FamilyPoints to Japan [Integrate blockchain supply chain management; Launch payments card; Launch learning and assessment centers]
7
2019 Q4: Phase 4
Western Front - Expand FamilyPoints to USA [Integrate data mining analysis; Expand service providers to include insurance, financial, tourism, and medical industries]

Token info

Token
FPT
Platform
Ethereum
Type
ERC20
PreICO price
1 FPT = 0.10 USD
Price in ICO
0.10 USD

BONUS

Pre-Sale20%
Day 120%
Days 2-710%
Week 27%
Week 34%
Tokens for sale
250,000,000

Investment info

Accepting
XEM, BTC, ETH, LTC, BCH, Fiat
Distributed in ICO
65%
Soft cap
3,000,000 USD
Hard cap
25,000,000USD

Contacts

The developers can be contacted using the links below:

ETH Address : 0x4be0D62Fc296136326F1A6BB6E3A543472c41820

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