1. Smart contract
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.
Smart contracts are coded to automatically execute once all of the requirements in the contract are met.
Smart contracts are essentially software. With any software there is the possibility of bugs. These weaknesses are not uncommon in the crypto community. INFLOW works with top of the line software developers to minimize problems in our smart contract. If there is ever a problem, just get in touch with us and we will deal with it.
2. INFLOW Tokens ($FLW)
An initial coin offering (ICO) is the cryptocurrency industry's equivalent to an initial public offering (IPO). A company seeking to raise money to create a new coin, app, or service can launch an ICO as a way to raise funds. Interested investors or users can buy into an ICO to receive a new cryptocurrency token issued by the company. This token may have some utility related to the product or service that the company is offering, or it may just represent a stake in the company or project.
A holder is an investor or user who receives a unique cryptocurrency ‘token’ for their monetary investment in the business or with which to gain the utility of the token. The people who hold the tokens in their wallets become holders.
Yes. $FLW Tokens are available from our website; inflowtoken.io
No. Never. We cannot and do not ever promise or consider any kind of value appreciation or investment value in $FLW Tokens. As such, we use this disclaimer: “INFLOW Tokens are utility tokens that buy Engagements with Influencers through the Engagement Marketplace. You should not buy INFLOW Tokens as an investment unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges”. Sounds harsh, but it’s true.
3. Crypto Wallet
A crypto wallet is an online safe to store your cryptocurrencies.
Go to the website of your wallet of choice. Follow the instructions on their website. We recommend using the MetaMask wallet
If you download the MetaMask application to your phone ( https://metamask.io/download ) and follow the instructions of the application, you will open an Ethereum wallet.
Yes. It is as safe or safer than any other wallet. We recommend MetaMask because MetaMask does not control any of your personal or private data on their servers. Everything is encrypted in your browser and protected via your MetaMask password. Without access to your computer, when MetaMask is unlocked, it cannot be hacked.
Always keep your recovery phrase in a safe place. Never give web3 sites / smart contracts access to your funds. Beware of the fake extensions and ONLY DOWNLOAD METAMASK FROM THEIR OFFICIAL WEBSITE. https://metamask.io/download
Crypto wallets come in either software or hardware forms. Though each functions a bit differently, they are all designed to allow you to securely store and access any cryptocurrency or crypto assets you own.
A wallet address consists of random words and letters, in order to send and receive cryptocurrencies. You need to have a wallet to have a wallet address.
Log into your MetaMask account, it is located right under the “Account X” text.
Yes, it is safe.
The recovery phrase you chose acts as password reset.
An Engagement offer represents the interactive opportunities that Influencers choose to offer to their Followers.
The Engagement Marketplace is the platform inside the inflowtoken.io website where Influencers share their Engagement Offers with Followers.
When the public sale of INFLOW Tokens starts, the Engagement Marketplace will be fully active.
When you connect your wallet to www.inflowtoken.io your wallet will be automatically connected.
When you purchase an Engagement Offer through the Engagement Marketplace, the Influencer must approve the transaction. Any Engagement Offer available on the Engagement Marketplace is purchasable as long as approval is granted. If the Influencer does not approve (for example, because they are simply not available at the time) your $FLW Tokens are not transferred. That is the beauty of blockchain and smart contracts.
As many as you can afford and as many as you choose to.
Every marketplace experiences problems from time to time. We have a resolution process that we will run through with you if you encounter an issue. Please reach out to us and we will do our best to resolve it.
The roadmap outlines the defined goals and future plans and timetable of the INFLOW Token project.
Yes you can. Your INFLOW Tokens are yours to do with as you see fit when you see fit. You can always repurchase $FLW Token on inflowtoken.io
You can use $FLW Token on inflowtoken.io in the Engagement Marketplace to buy Engagement Offers from your preferred Influencers.
The cost of the Engagement Offers you want to buy from Influencers is determined by them. You must have $FLW Tokens equal to the price of the Engagement Offer you want to buy in the Engagement Marketplace.
To begin with we have carefully selected Influencers that we have a close relationship with and who we know we can trust. We can then improve the Engagement Marketplace together. As we grow we will add more Influencers we know. Eventually, there will be no limit to the number of Influencers who can make Engagement Offers.
Yes. If you would like to see other Influencers get involved, please let us know and we will reach out to them as we go forward.