🚨Review of Blackbird and their $FLY token, which just raised $35M 🐦
➤ What is Blackbird? Blackbird is building a decentralized platform and protocol for the restaurant industry. The focus is on connecting restaurants with customers, improving guest engagement, loyalty, payments, and more with blockchain technology.
➤ What is Blackbird? Blackbird is building a decentralized platform and protocol for the restaurant industry. The focus is on connecting restaurants with customers, improving guest engagement, loyalty, payments, and more with blockchain technology.
➤ Investments Andreessen Horowitz led a $24 million Series A round for the team behind the web3 restaurant loyalty app Blackbird. In total, they've raised $35 million, with additional participants including QED, Union Square Ventures, Shine, Variant, and more.
➤ The Technology Blackbird is leveraging blockchain and crypto to create transparency between restaurants and guests, facilitated through Base. Both parties can transparently earn and view activity on-chain using the $FLY token.
➤ Mass Adoption Potential The restaurant industry in the US is huge, with nearly 1 million restaurants and accounting for 4% of GDP. Blockchain adoption could greatly benefit this industry. Blackbird can capture market share and attract people to cryptocurrency.
➤ Introducing $FLY $FLY is the native token that will power the Blackbird platform. It incentivizes participation from both the restaurant and customer sides by rewarding various actions like check-ins and payments.
➤ $FLY Utility and Growth Drivers • Earning rewards and perks at restaurants • Accessing Blackbird events • On-platform spending power • Data sharing incentives • Ecosystem expansion over time As the platform grows, demand for $FLY should increase
➤ Tokenomics Overview • 500M max supply over first 3 years • 50% allocated to restaurants and consumers • Declining daily issuance schedule • Simultaneous rewards for restaurants and guests This model aligns network growth with token distribution
Paul, with love❤️