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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Fanlogic Interactive Inc | TSXV:FLGC | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.01 | 0.01 | 0.015 | 0 | 01:00:00 |
The Company has begun the process for the minting and launch of our agnostic loyalty token. FanLogic is working to fast track the minting, creation of our signature wallet, and registering the tokens. The token creation with an initial minting is currently underway.
Tokens are the currency used within a specific blockchain. By using tokens, FanLogic will reward users, allow users to trade tokens for goods, allow them to spend tokens to play games within the FanLogic network and, eventually allow users to buy items within the network. FanLogic is leveraging its relationship with Easter Egg Pte. Ltd., a blockchain company (news release dated Dec. 5, 2017). The founder of Easter Egg, Sandeep Sangli, is a member of FanLogic's advisory board.
The FanLogic branded wallet will enable our agnostic loyalty program with interoperability between multiple brands and industries as we advance with an identified beta retail brand as well as our Belgravia plan (news release dated Jan. 25, 2018). Users will earn tokens by sharing contests and promotions, completing surveys, playing games, and other guided and desired interactions with brands.
The Company envisions reaping the benefits of adopting blockchain technology as it relates to any composite part of the brand/celebrity advertising ecosystem, specifically in the loyalty and social segment, in which FanLogic currently operates. Blockchain Technology is a huge attraction to the Company's existing clients and all big brands whose existing loyalty programs are problematic and expensive to administrate.
FanLogic's solution could potentially eliminate this liability from big brands and provide a seamless, global alternative for loyalty programs and, more importantly, redemptions and returns. The company's vision will convert this liability to an asset and provide the coveted return of investment (ROI) to the brand. FanLogic's existing programs have been constructed to easily adapt to blockchain technology.
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About FanLogic:FanLogic is currently developing a token solution that will enable celebrities and brands to seamlessly integrate into a unified omni-channel interoperable loyalty ecosystem. FanLogic’s digital lead and sales generation success is driven through its proprietary peer to peer referral based contests, loyalty and tokenization programs, affiliate incentives, coupons, market research/surveys, charitable initiatives, branded games, 50/50 lotteries and ad-based daily fantasy sports and entertainment contests.
FanLogic is a market leading digital promotions Software Company, and creator of the FanLogic Connect platform and the FanLogic SaaS program. FanLogic Connect & SaaS provides brands and agencies the ability to create unforgettable social campaigns through unique gamification techniques. FanLogic Connect & SaaS grant clients the ability to monetize their social media following, and grow their existing audience while gathering highly valuable demographic and behavioral information.
For more information about FanLogic, visit: http://FanLogicInteractive.com or http://FanLogicConnect.com For further information, please contact:
Randy Brownellrbrownell@FanLogic.comCEO(888) 330-0759
Reader Advisory
Certain information set forth in this news release contains forward-looking statements or information (“forward-looking statements”), including details about the business of the Corporation and the use of proceeds from the Offering. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Corporation's control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, environmental risks, operational risks, competition from other industry participants, stock market volatility, and the ability to access sufficient capital from internal and external sources. Although the Corporation believes that the expectations in its forward-looking statements are reasonable, its forward-looking statements have been based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking statements. Accordingly, readers are cautioned not to place undue reliance on the forward-looking statements, as no assurance can be provided as to future results, levels of activity or achievements. Risks, uncertainties, material assumptions and other factors that could affect actual results are discussed in our public disclosure documents available at www.sedar.com. Furthermore, the forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, the Corporation does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
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