BITREWARD - The award of blockchain and loyalty platform

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About BitRewards

BitRewards is a gift blockchain and loyalty system for e-commerce businesses. This allows online stores to reward their buyers with cryptocurrency "BIT", which helps increase sales by an average of 17%. Due to our unique blockchain and business model, this cutting-edge loyalty system is offered to businesses for free.

Now traders and customers are the mortal enemies:

Customers do not care about loyalty to brands or merchants - they want free stuff and switch brands easily. And traders must protect their profits and try to take as much as possible from every customer who often slips into manipulation.

BitRewards are designed to change this and make traders and customers friends again. It is an AI-based blockchain loyalty and ecosystem that enables online retailers to value their customers' purchases, friend invitations, social media actions, personal details and data sharing and other valuable behaviors with the "BIT" crypto currency.

BIT works

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

Merchants get FREE BIT software
Based on innovative and profitable products with 5 year market history. Revenue grew by 17% on average.

Buyers receive rewards in BIT tokens
For their purchase, friend invites, likes Facebook, and more. BIT can be exchanged or disbursed.

The merchant buys BIT, the person holding the BIT
Shoppers get a liquid tokens, merchants get more sales. Community benefits from ecosystem growth.

Technology

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

Factors affecting the BIT token value

Offers and requests determine the value of BIT. Requests are from merchants who use BIT to appreciate the actions of their customers. Supply comes from customers, who redeem their token.

The customer made a purchase
with every merchant who is a member of Bitrewards.Network

Merchants reward customers with BIT

(not loyalty points).
Traders buy BIT tokens on Bitrewards or on Crypto Exchange.
This prompted a request for a BIT token.

Customer holding BIT or issuing tokens in store.

They do not spend BIT tokens immediately because they expect the exchange rate to increase. This pushes the BIT supply down.

Details of ICO

Start date of sale: December 25, 2017

Close sales: April 30, 2018

Smart contract issue: May 11, 2018

Date of issue: 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.

Info Token

Token BIT

Ethereum Platform

Type ERC20

Price at ICO 1 BIT = 0,00003472 ETH

Tokens for sale 1,280,000,000

Budget allocation soft-cap

27% Product Development Development

products according to roadmap

39% Marketing, sales, merchant acquisition & partnership

Expense to attract retailers to platforms, create partnerships with payment providers, website creators, loyalty program providers, and other partners.

12% Operation

Operational costs, non-tech staff salaries

Law firms and subsidiaries, contracts with retailers, developing legal opinions about the entire pile of BitRewards services and reseller operations, etc.

16% Management

Executive level C salary

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 the e-commerce industry, team recruitment. (Сompleted)
October 2017 - May 2018
The BitRewards loyalty system is fully functional for retailers and user-connected crypto-wallets to loyalty programs, with access on the retailer's website and BitRewards site
March - June, 2018
Crypto-wallet Retailer and smart 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.
April - May, 2019
Blockchain-based traffic exchange between online and offline merchants.