BitRewards Platform is a kind of loyalty platform that allows retailers to give special rewards to their loyal customers. By using BitRewards, retailers can retain their loyal customers as well as add more new customers who have used cryptocurrency. The prize is a bitcoin based on Ethereum technology. Then, customers can use tokens to purchase the products and services they need as well as to transfer tokens to friends or families who need them. As a reseller, you can pay your employees to use this token and they can use it as the customer used.
How does ICO BitRewards work?
The buyer is awarded a BIT card based on Ethereum Blockchain: Rewards may be collected and exchanged from one BIT account on participating merchant, mobile or participating Web shops. or interesting
Both dealers and customers feel the real value. The AI Referral System offers rewards that are valued and beneficial to customers, attracting better sellers to current and new users.
The main topics for loyalty and reward solutions
+ Account is off
+ Low payment rate
Keep your customers low
Low motivation through rewards
BitRewards How does ICO solve the main problem of loyalty system?
BitRewards discusses the limitations of the customer market and its loyalty system, including:
Account is inactive.
Purchase price is low.
Increase customer service costs
Low motivation through rewards
Why blockchain?
Distributed ledgers and blockchain protocols bring unprecedented value to the loyalty program of the future:
>>For users:
Rewards in cryptocurrency, which don’t depend on the success of the merchant
Rewards, which appreciate rather than expire
Easily redeemable or exchangeable into any other liquid asset
Highly personalised, custom-tailored recommendations, rewards & discounts (see BitRecommendations)
>>For merchants:
Premium software free of charge, which increases the loyalty of users and sales
Tokenization of standalone loyalty programs and merchant-specific tokens generation platform
Use of API to frictionlessly connect any proprietary loyalty programs to BitRewards tokens or any other loyalty and rewards program
Free BitRecommendations API working on blockchain, managed by DAO on IPFS
>>For business development and security:
DAO which ensures the efficiency of BitRewards network development
Merchant data control, ensuring merchants own and benefit from their raw data
Rewards for developers, who create successful solutions and merchants and customers, who incentivize the adoption of BitRewards network.
A game-changing solution for merchants
AI-based BitRecommendations
- Product recommendations
- Reward recommendations
- Financial scoring
- FREE for BitRewards-connected merchants
Factors for massive scaling
We solve several problems that let us disrupt the $20B+ e-commerce loyalty and rewards market. The major factors: high cost and complexity of loyalty systems set-up, integration, and support for all shapes and sizes of the merchants, complexity, and inability to use the earned points for the customers.
Factors influencing the value of BIT tokens
- Customers make purchases~ With any merchants who is a member of Bitrewards.Network
- Merchants reward customers with BIT (instead of loyalty points).The merchants buy BIT tokens at Bitrewards or at the Crypto Exchange.This drives the demand for BIT tokens up.
- Customers hold BIT or spend tokens at the stores. They don’t spend BIT tokens immediately as they expect the exchange rate to grow. This drives the supply of BIT down.
Token detail
BitRewards platform is using specific token known as BIT tokens. This token is developed along with the ERC20 standard. You can use BIT tokens legally as long as you are using BitRewards platform and it means this is an internal currency. Just like ordinary currency, BIT tokens are used to support all transactions including purchasing, transfer, and many more in BitRewards ecosystem. BIT token is used as a reward for loyal customers through BitRewards platform used by retailers. In short, it is a kind of a legal virtual currency which used by BitRewards users anytime they want to make transactions.
Token Information
- Token name : BIT
- Token platform : Ethereum (ETH ) ERC-20
- Accepted forms of payment : ETH, BTC
- Token price : 0.00003472 ETH
Token Sale
Token Sale Volume up to 1,280,000,000
Token Issue Volume up to 2,000,000,000
Distribution of Tokens
- 12.00% – Reserve for liquidity
- 64.00% – Total for sale now
- 14.00% – Management
- 3.50% – Advisers
- 2.00% – Bounty
- 2.50% – Marketing
- 2.00% – Contingency
ROAD MAP
TEAM
Alexander Egorov - Managing Director
Alexander Nevidimov - CTO, Blockchain architecture
Greg Mann - Sales Manager
Sergey Alisov - Head of Design Department
Marat Arslanov - CMO
Vitaliy Makarenko - COO
Ilya Starovoitov - Business Development
Andrey Kladov - Cellular Architecture
Dmitry Semenov - QA Engineer
Large Data Consultant and AI Team
Advisors
For More Information:
Website: https://bitrewards.network/
Whitepaper: https://bitrewards.network/wp.pdf
Telegram: https://t.me/bitrewards
Twitter: https://twitter.com/bitrewards
Medium: https://medium.com/@bitrewards
author: muhammadsosa
eth: 0x8056b4866D50eBCE01D33EDc967D38a6Bf724420
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