Review on FNB Protocol by Pedro O. Alvino M.
Blockchain-based franchise ecosystem.
Open source project based on the tokenization of brands for franchises, since most of the platforms that provide this service consist of a centralized system and limitations when it comes to obtaining long-term benefits, and since the FNB protocol project is based In the blockchain, its system and security is unalterable in terms of supplying and gathering information from the available brands.
With the FNB token it will be the means that will be used to issue brand tokens through which it can be exchanged with the same FNB token, and with brand tokens it can be used to exchange goods, services or discounts at the franchise points of sale , this thanks to its novel cryptocurrency exchange in which you can exchange as many as brand tokens and FNB tokens, which is the main factor in the transactions of the FNB protocol ecosystem.
Backed by larger franchises in South Korea, the platform through the FNB token will grant discounts and benefits for those who wish to tokenize their commercial brands, although the commercial flow of the FNB token in the market is decreasing, the daily volume is always negative , so it can sharply affect the price and alter the ecosystem of the platform. As it is a very unconventional project, it can attract attention, but this will take time since it requires a greater expansion of its services and greater affiliation of commercial brands globally.
Pros
- Project supported by 'I' m CEO ', the largest franchise in South Korea.
- It grants the consumer the issuance of the token brand.
- Integrates an exchange that allows the exchange of brand tokens and FNB tokens.
- The project already has the affiliation of large internationally recognized brands.
- Includes a wide variety of brand data collection and marketing capabilities.
Cons
- The usefulness of its services may be limited in some countries, given the restrictions on the use of cryptocurrencies in the country.
- The FNB token market is constantly declining, which may affect the FNB protocol ecosystem.
- Very little followers and support from the community.
