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Freldo describes itself as a business social network that connects small/medium business owners with their customers. Freldo aims to become a global and decentralized ecosystem linking service providers and customers. The team claims to have over 20,000 live clients. In 2018, the team reportedly did an ICO and reached its hard cap target. In 2019, the team released a new version of the platform (http://freldo.com) with new features.