The FAYM app is dedicated to everyone willing to exchange non-monetary assets (e.g. social media consumer behaviour influence) for benefits such as discounts and freebies. Because it is a multisided platform, its customers are both products/brands/services/venues and consumers willing to automate their influence benefits.
FAYM app is designed within the paradigm of the influence economy (joining the existing sharing and social economies). It solves the problem of closing the online and mobile global circuit of exchange i the coming age of the Internet of Value (IoV).
Bringing together different fields, such as transactional payment networks, influencer marketing automation and loyalty programs, it answers multiple market needs and solves real-life insights.
1. The product creates a synergy between existing business categories: social media influence scoring, online discounts marketplace, loyalty programs and innovative payment systems. The synergy of those areas will bring unprecedented traction to the system.
2. Being an internet influencer platform, the product will gain early traction and be promoted by a worldwide influencer network.
The project combines different product and services areas, which is more than a competitive advantage. Just like Facebook at the beginning, it brings together different services, to create a new quality of product. Being able to freely build upon a global network of influencers-users will allow for an intensive trend spreading and user base growth.
Influnomy will soon provide a network of distributed ledgers dedicated to the Internet of Value and work toward all possible implementation possibilities and applications of any imaginable nonmonetary value and asset exchange.