enno netral: BITREWARD - The award of blockchain and loyalty platform

About BitRewards

BitRewards is a blockchain platform and loyalty ecosystem that allows retailers to value their customers' purchases, invite friends and other actions that can be configured with crypto currency. It has an absolute value for customers, as they get for the purchase of a liquid Ethereum-based token, which can be redeemed for purchase or transferred to other crypto-wallets. The token price is also set for growth due to our unique business model, so this award can rise in value over time, rather than ending.

BitRewards also brings many benefits to retailers, as they get more satisfied customers in return for crypto and become more loyal. A comprehensive loyalty program increases retailers' revenues by dozens per cent. The shops also make use of the audience of kriptoenthusiast, who are quite active and appreciate the attention of regular business.

A unique value proposition for resellers is that BitRewards will offer this valuable and costly loyalty technology for free. Retailers only need to buy BIT in the open market to reward their users. The value of such software starts at $ 200 / month, therefore thousands of retailers will be interested to connect to the platform. We can make such claims, as we operate in the gift market and loyalty software for over 5 years, have over five hundred clients - online stores and are well aware of their needs. BitRewards also uses AI-based predictive analytics, which allows to configure rewards and actions for each particular business to address unique target audience and achieve the highest return on investment of every dollar spent on the prize.

How does BIT work?

Its mission is to create an appreciation and platform of fidelity that will penetrate online retailers of all shapes and sizes and connect it with their customers based on BIT tokens.

Resellers connect to the BitRewards loyalty system by installing a ready-made GIFTD extension or by integrating it with their own fidelity system.

This solution rewards customers with BIT for their purchases and their friends and other actions. This module performs all required token processing via the BitRewards platform.

BIT values can appreciate because of the initial publication of 2 billion tokens and a constant demand for constant tokens from more and more retailers joining the platform.

BIT awards that may encourage customers to store their tokens instead of redeeming them for purchases, thereby also reducing the number of free floating tokens.

Technology

With the advent of blockchain, the damaged loyalty industry is bound to change. We believe great that smart contracts and cryptocurrency are core engines and fuel for a new era of customer loyalty. Ethereum allows the adoption of elegant technical solutions.

Why blockchain?

The distributed ledgers and blockchain protocols bring unprecedented value to future loyalty programs:

>> For users:

Prizes in cryptocurrency, which do not depend on the merchant's success
Gifts, which appreciate rather than end
Easily redeemable or exchanged for other liquid assets
Very personalized recommendations, gifts & discounts tailored to special needs (see BitRecommendations)

>> For merchants:

Free software, which improves user loyalty and sales
Tokenization of the independent loyalty program and the seller-specific token generation platform
API use to frictionally connect any proprietary loyalty program with BitRewards token or other loyalty and reward programs
Free API BitRecommendations that work in blockchain, managed by DAO in IPFS

>> For business development and security:

DAO that ensures the efficiency of BitRewards network development
Merchant data control, ensuring merchants own and benefit from their raw data
Award for developers, who create successful solutions and merchants and customers, that drive the adoption of the BitRewards network

The solution changed the game for merchants

>> Ait based BitRecommendations

A solution of a decentralized, crowdsourced recommendation for an e-commerce business.

Product recommendations
Recommended gift
Financial score
FREE for merchants connected with BitRewards

>> Factors for large scale

We solve some issues that make us disrupt the loyalty and gift market $ 20B + e-commerce. The main factors: the high cost and complexity of loyalty system arrangement, integration, and support for all forms and sizes of traders, the complexity, and inability to use points earned for customers.

Factors affecting the BIT token value

Subscribers make a purchase ~ With every merchant who becomes a member of Bitrewards.Network
Merchants reward customers with BIT (instead of loyalty points). Traders buy BIT tokens on Bitrewards or on Crypto Exchange. This prompted a request for a BIT token.
Customers holding BIT or issuing tokens in stores. They do not spend the BIT tokens immediately because they expect the exchange rate to grow. This pushes the BIT supply down.

Budget allocation soft-cap

Details of ICO

Start date of sale: December 25, 2017
Close sales: April 30, 2018
Smart contract issue: May 11, 2018
Issue date: May 10, 2018 Conclusion
soft = $ 3,000,000
Hard cap = $ 15,000,000
Minimum purchase: 1,000

BIT Token is the internal currency and the main mechanism of interaction on the platform. They comply with the ERC20 standard. And regular customers from online stores participating in Bitrewards will receive BIT tokens as refunds.

Token Info

Token BIT
Ethereum Platform
Type ERC20
Price at ICO 1 BIT = 0,00003472 ETH
Tokens for sale 1,280,000,000

Roadmap

November, 2016 - February, 2017

The development of a loyalty system based on GIFTD points is designed to reward buyers. (Сompleted)

February - October, 2017 Organize

the concept of using Ethereum blockchain with loyalty and gift tools and customer development from cryptorewards for e-commerce industry, team recruitment. (Сompleted)

October 2017 - May 2018

The BitRewards loyalty system is fully functional for retailers and crypto-wallets that connect users to loyalty programs, with access to reseller websites and BitRewards sites

March - June, 2018

Crypto-wallet Retailer and intelligent liquidity management contract

June - July, 2018

Integration of loyalty system with Lightning Network and Raiden Network (after the launch of this technology).

June - August, 2018

Mobile Customer app with crypto-wallet.

July - November, 2018

Introduction of digital gift cards and loyalty card scanning into mobile wallets.

September - December, 2018

Mobile SDK for merchant app.

January - April, 2019

AI integration and machine learning into the BitRewards platform.